ORBS vs WBD: Correlation
Measured on weekly returns over the past three years, Eightco Holdings Inc. (ORBS) and Warner Bros. Discovery (WBD) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORBS and WBD?
On 3 years of weekly data the ORBS/WBD correlation comes out at 0.60, strong. The link has tightened recently: the 1-year correlation (0.86) runs above the 3-year figure (0.60). The 5-year figure is 0.52, and annualized covariance runs at 18801.0 %².
By 3-year correlation, WBD places #5 of the 28 assets tracked against ORBS. Correlation aside, the last 12 months split them widely, with WBD ahead by 182.6 points (-44.9% versus +137.7%). Risk is not evenly split, since ORBS carries 10.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ORBS vs WBD: side by side
| ORBS (Eightco Holdings Inc.) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | -44.9% | +137.7% |
| 5-year return | -100.0% | +3.7% |
| Volatility (ann.) | 575.8% | 54.7% |
| Beta vs S&P 500 | 3.91 | 1.19 |
| Max drawdown (3Y) | -98.7% | -48.9% |
| Market cap | $0.3B | $72.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ORBS | WBD |
|---|---|---|
| 2022 | – | -59.7% |
| 2023 | -94.6% | +20.0% |
| 2024 | -14.8% | -7.1% |
| 2025 | -21.0% | +172.7% |
| 2026 | -52.6% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORBS and WBD good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ORBS and WBD?
As of 2026-08-27, the correlation of weekly returns between ORBS and WBD is 0.60 over 3 years, 0.86 over 1 year and 0.52 over 5 years.
Is WBD a good diversifier for ORBS?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orbs-vs-wbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/orbs-vs-wbd/)
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Related comparisons
Hubs: ORBS correlations · WBD correlations
