TOP vs WILC: Correlation
How closely do TOP Financial Group Limited - Class A (TOP) and G. Willi-Food International, Ltd. (WILC) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TOP and WILC?
Over the past 3 years, TOP and WILC moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.21). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -1812.7 %².
Among the 46 assets we track against TOP, WILC ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TOP ahead by 1177.1 points (+1217.9% versus +40.8%). One caveat on sizing: TOP is 6.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TOP vs WILC: side by side
| TOP (TOP Financial Group Limited - Class A) | WILC (G. Willi-Food International, Ltd.) | |
|---|---|---|
| 1-year return | +1217.9% | +40.8% |
| 5-year return | -9.2% | +69.9% |
| Volatility (ann.) | 230.2% | 36.7% |
| Beta vs S&P 500 | 1.60 | 0.54 |
| Max drawdown (3Y) | -89.6% | -30.6% |
| Market cap | $1.9B | $0.4B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TOP | WILC |
|---|---|---|
| 2022 | – | -26.1% |
| 2023 | -22.5% | -17.5% |
| 2024 | -59.5% | +62.6% |
| 2025 | -34.3% | +86.6% |
| 2026 | +1434.3% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TOP and WILC good diversifiers for each other?
Yes. With a correlation of -0.21, TOP and WILC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TOP and WILC?
The TOP/WILC correlation stands at -0.21 on a 3-year window (1 year: -0.32, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is WILC a good diversifier for TOP?
Yes. With a correlation of -0.21, TOP and WILC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/top-vs-wilc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/top-vs-wilc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TOP correlations · WILC correlations
