TRIP vs WBX: Correlation
How closely do TripAdvisor, Inc. (TRIP) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRIP and WBX?
On 3 years of weekly data the TRIP/WBX correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.37). The 5-year figure is 0.31, and annualized covariance runs at 19419.9 %².
By 3-year correlation, WBX places #8 of the 13 assets tracked against TRIP. Over the last 12 months WBX came out ahead by 10.9 percentage points (-42.8% against -31.9%). Note the risk asymmetry: WBX runs 17.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TRIP vs WBX: side by side
| TRIP (TripAdvisor, Inc.) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | -42.8% | -31.9% |
| 5-year return | -71.6% | -70.7% |
| Volatility (ann.) | 54.5% | 975.4% |
| Beta vs S&P 500 | 1.14 | 4.88 |
| Max drawdown (3Y) | -67.6% | -91.3% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRIP | WBX |
|---|---|---|
| 2022 | -34.0% | -78.1% |
| 2023 | +19.7% | -51.1% |
| 2024 | -31.4% | -71.4% |
| 2025 | -1.4% | +367.1% |
| 2026 | -32.8% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRIP and WBX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TRIP and WBX?
The TRIP/WBX correlation stands at 0.37 on a 3-year window (1 year: -0.01, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is WBX a good diversifier for TRIP?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/trip-vs-wbx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trip-vs-wbx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRIP correlations · WBX correlations
