RNW vs WLYB: Correlation
ReNew Energy Global plc - Class A Shares (RNW) and John Wiley & Sons, Inc. (WLYB) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RNW and WLYB?
On 3 years of weekly data the RNW/WLYB correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.22 over 3 years. The 5-year figure is -0.06, and annualized covariance runs at -294.0 %².
Out of 10 assets tracked against RNW, WLYB lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with WLYB ahead by 52.4 points (-11.5% versus +40.9%).
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.
RNW vs WLYB: side by side
| RNW (ReNew Energy Global plc - Class A Shares) | WLYB (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | -11.5% | +40.9% |
| 5-year return | -26.6% | +10.5% |
| Volatility (ann.) | 35.5% | 37.4% |
| Beta vs S&P 500 | 0.53 | 0.31 |
| Max drawdown (3Y) | -45.1% | -41.5% |
| Market cap | $2.5B | $2.8B |
| P/E (trailing) | 22.0 | 13.0 |
| Dividend yield | 0.00% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RNW | WLYB |
|---|---|---|
| 2022 | -29.3% | -27.5% |
| 2023 | +39.3% | -14.7% |
| 2024 | -10.8% | +41.5% |
| 2025 | -17.3% | -27.3% |
| 2026 | +20.7% | +78.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RNW and WLYB good diversifiers for each other?
Yes. With a correlation of -0.22, RNW and WLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RNW and WLYB?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.46 over the last year and -0.06 over 5 years.
Is WLYB a good diversifier for RNW?
Yes. With a correlation of -0.22, RNW and WLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RNW correlations · WLYB correlations
