RECT vs WBD: Correlation
Measured on weekly returns over the past three years, Rectitude Holdings Ltd (RECT) and Warner Bros. Discovery (WBD) carry a correlation of -0.12, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RECT and WBD?
Over the past 3 years, RECT and WBD moved with a correlation of -0.12, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.24 versus -0.12 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -453.6 %².
Among the 18 assets we track against RECT, WBD ranks #10 by 3-year correlation. The last year tells two different stories: WBD led by 209.8 percentage points, -72.1% for RECT against +137.7% for WBD.
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.
RECT vs WBD: side by side
| RECT (Rectitude Holdings Ltd) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | -72.1% | +137.7% |
| 5-year return | n/a | +3.7% |
| Volatility (ann.) | 65.0% | 54.7% |
| Beta vs S&P 500 | 0.67 | 1.19 |
| Max drawdown (3Y) | -85.4% | -48.9% |
| Market cap | – | $72.4B |
| P/E (trailing) | 6.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | RECT | WBD |
|---|---|---|
| 2022 | – | -59.7% |
| 2023 | – | +20.0% |
| 2024 | – | -7.1% |
| 2025 | -74.1% | +172.7% |
| 2026 | -27.0% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RECT and WBD good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RECT and WBD?
Using weekly returns as of 2026-08-27: -0.12 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is WBD a good diversifier for RECT?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 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.
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Related comparisons
Hubs: RECT correlations · WBD correlations
