SAIA vs WNW: Correlation
How closely do Saia, Inc. (SAIA) and Meiwu Technology Company Limited (WNW) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAIA and WNW?
On 3 years of weekly data the SAIA/WNW correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.22). The 5-year figure is -0.08, and annualized covariance runs at -1828.5 %².
Among the 12 assets we track against SAIA, WNW sits near the bottom by co-movement, at rank #9. The last year tells two different stories: SAIA led by 114.7 percentage points, +16.6% for SAIA against -98.1% for WNW. Risk is not evenly split, since WNW carries 3.3 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.
SAIA vs WNW: side by side
| SAIA (Saia, Inc.) | WNW (Meiwu Technology Company Limited) | |
|---|---|---|
| 1-year return | +16.6% | -98.1% |
| 5-year return | +44.1% | -100.0% |
| Volatility (ann.) | 50.1% | 167.8% |
| Beta vs S&P 500 | 1.25 | 1.36 |
| Max drawdown (3Y) | -60.9% | -100.0% |
| Market cap | $9.4B | $0.1B |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAIA | WNW |
|---|---|---|
| 2022 | -37.8% | -91.9% |
| 2023 | +109.0% | -49.4% |
| 2024 | +4.0% | -38.5% |
| 2025 | -28.4% | -96.7% |
| 2026 | +8.1% | -97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAIA and WNW good diversifiers for each other?
Yes. With a correlation of -0.22, SAIA and WNW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SAIA and WNW?
As of 2026-08-27, the correlation of weekly returns between SAIA and WNW is -0.22 over 3 years, -0.06 over 1 year and -0.08 over 5 years.
Is WNW a good diversifier for SAIA?
Yes. With a correlation of -0.22, SAIA and WNW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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
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Related comparisons
Hubs: SAIA correlations · WNW correlations
