ORIO vs WBX: Correlation
Measured on weekly returns over the past three years, Orion Digital Corp. (ORIO) and Wallbox N.V. Class A (WBX) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORIO and WBX?
Across a 3-year window, the weekly returns of ORIO and WBX correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.46, with an annualized covariance of 45477.1 %².
WBX is one of the assets that tracks ORIO most closely: it ranks #1 out of the 13 assets we track against ORIO. The last year tells two different stories: WBX led by 22.8 percentage points, -54.7% for ORIO against -31.9% for WBX. Risk is not evenly split, since WBX carries 12.3 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.
ORIO vs WBX: side by side
| ORIO (Orion Digital Corp.) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | -54.7% | -31.9% |
| 5-year return | -94.6% | -70.7% |
| Volatility (ann.) | 79.6% | 975.4% |
| Beta vs S&P 500 | 2.19 | 4.88 |
| Max drawdown (3Y) | -75.9% | -91.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORIO | WBX |
|---|---|---|
| 2022 | -84.5% | -78.1% |
| 2023 | +15.9% | -51.1% |
| 2024 | -26.1% | -71.4% |
| 2025 | -21.3% | +367.1% |
| 2026 | -18.7% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORIO and WBX good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ORIO and WBX?
The ORIO/WBX correlation stands at 0.59 on a 3-year window (1 year: 0.23, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is WBX a good diversifier for ORIO?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orio-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/orio-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ORIO correlations · WBX correlations
