TBN vs WSM: Correlation
How closely do Tamboran Resources Corporation (TBN) and Williams-Sonoma, Inc. (WSM) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TBN and WSM?
On 3 years of weekly data the TBN/WSM correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -318.1 %².
Within TBN's tracked universe of 29 assets, WSM comes in at #12 by 3-year correlation. The last year tells two different stories: TBN led by 60.9 percentage points, +86.7% for TBN against +25.8% for WSM.
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.
TBN vs WSM: side by side
| TBN (Tamboran Resources Corporation) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | +86.7% | +25.8% |
| 5-year return | n/a | +182.0% |
| Volatility (ann.) | 52.6% | 43.0% |
| Beta vs S&P 500 | -0.08 | 1.33 |
| Max drawdown (3Y) | -38.6% | -36.8% |
| Market cap | $1.3B | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | TBN | WSM |
|---|---|---|
| 2022 | – | -30.5% |
| 2023 | – | +80.2% |
| 2024 | – | +86.6% |
| 2025 | +29.7% | -2.1% |
| 2026 | +38.6% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TBN and WSM good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TBN and WSM?
As of 2026-08-27, the correlation of weekly returns between TBN and WSM is -0.14 over 3 years, -0.15 over 1 year and n/a over 5 years.
Is WSM a good diversifier for TBN?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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
$ curl https://www.pairbook.io/api/v1/pairs/tbn-vs-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tbn-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TBN correlations · WSM correlations
