TLS vs WBTN: Correlation
Telos Corporation (TLS) and WEBTOON Entertainment Inc. (WBTN) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLS and WBTN?
Over the past 3 years, TLS and WBTN moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.62). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5943.1 %².
Few assets follow TLS as closely as WBTN, which ranks #2 of 19 tracked partners. Correlation aside, the last 12 months split them widely, with TLS ahead by 17.1 points (-17.3% versus -34.4%).
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.
TLS vs WBTN: side by side
| TLS (Telos Corporation) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | -17.3% | -34.4% |
| 5-year return | -85.1% | n/a |
| Volatility (ann.) | 110.3% | 80.5% |
| Beta vs S&P 500 | 2.54 | 1.69 |
| Max drawdown (3Y) | -58.3% | -70.6% |
| Market cap | $0.4B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLS | WBTN |
|---|---|---|
| 2022 | -67.0% | – |
| 2023 | -28.3% | – |
| 2024 | -6.3% | – |
| 2025 | +49.1% | -4.1% |
| 2026 | -5.5% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLS and WBTN good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TLS and WBTN?
The TLS/WBTN correlation stands at 0.62 on a 3-year window (1 year: 0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for TLS?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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/tls-vs-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tls-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TLS correlations · WBTN correlations
