TBCH vs WSM: Correlation
How closely do Turtle Beach Corporation (TBCH) and Williams-Sonoma, Inc. (WSM) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TBCH and WSM?
Over the past 3 years, TBCH and WSM moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.52 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1283.8 %².
By 3-year correlation, WSM places #8 of the 23 assets tracked against TBCH. Correlation aside, the last 12 months split them widely, with WSM ahead by 42.4 points (-16.6% versus +25.8%).
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.
TBCH vs WSM: side by side
| TBCH (Turtle Beach Corporation) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | -16.6% | +25.8% |
| 5-year return | -55.7% | +182.0% |
| Volatility (ann.) | 57.8% | 43.0% |
| Beta vs S&P 500 | 2.21 | 1.33 |
| Max drawdown (3Y) | -51.8% | -36.8% |
| Market cap | $0.2B | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | TBCH | WSM |
|---|---|---|
| 2022 | -67.8% | -30.5% |
| 2023 | +52.7% | +80.2% |
| 2024 | +58.1% | +86.6% |
| 2025 | -18.9% | -2.1% |
| 2026 | -7.5% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TBCH and WSM good diversifiers for each other?
Only partially. A correlation of 0.52 means TBCH and WSM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TBCH and WSM?
As of 2026-08-27, the correlation of weekly returns between TBCH and WSM is 0.52 over 3 years, 0.40 over 1 year and 0.39 over 5 years.
Is WSM a good diversifier for TBCH?
Only partially. A correlation of 0.52 means TBCH and WSM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/tbch-vs-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tbch-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TBCH correlations · WSM correlations
