SONM vs WBX: Correlation
How closely do DNA X, Inc. (SONM) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SONM and WBX?
Across a 3-year window, the weekly returns of SONM and WBX correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.18, with an annualized covariance of -28207.5 %².
WBX is close to the least connected end of SONM's tracked universe, ranking #18 of 18. Correlation aside, the last 12 months split them widely, with WBX ahead by 37.3 points (-69.2% versus -31.9%). Risk is not evenly split, since WBX carries 9.2 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.
SONM vs WBX: side by side
| SONM (DNA X, Inc.) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | -69.2% | -31.9% |
| 5-year return | -99.6% | -70.7% |
| Volatility (ann.) | 106.4% | 975.4% |
| Beta vs S&P 500 | 0.06 | 4.88 |
| Max drawdown (3Y) | -98.5% | -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 | SONM | WBX |
|---|---|---|
| 2022 | -53.9% | -78.1% |
| 2023 | +72.9% | -51.1% |
| 2024 | -57.1% | -71.4% |
| 2025 | -94.5% | +367.1% |
| 2026 | +3.8% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SONM and WBX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SONM and WBX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.24 over the last year and -0.18 over 5 years.
Is WBX a good diversifier for SONM?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/sonm-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sonm-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SONM correlations · WBX correlations
