TSBK vs WBD: Correlation
How closely do Timberland Bancorp, Inc. (TSBK) and Warner Bros. Discovery (WBD) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSBK and WBD?
On 3 years of weekly data the TSBK/WBD correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 587.0 %².
By 3-year correlation, WBD places #6 of the 11 assets tracked against TSBK. The last year tells two different stories: WBD led by 95.0 percentage points, +42.7% for TSBK against +137.7% for WBD. Note the risk asymmetry: WBD runs 2.1 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.
TSBK vs WBD: side by side
| TSBK (Timberland Bancorp, Inc.) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | +42.7% | +137.7% |
| 5-year return | +87.7% | +3.7% |
| Volatility (ann.) | 25.5% | 54.7% |
| Beta vs S&P 500 | 0.58 | 1.19 |
| Max drawdown (3Y) | -22.9% | -48.9% |
| Market cap | $0.4B | $72.4B |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.43% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | TSBK | WBD |
|---|---|---|
| 2022 | +27.5% | -59.7% |
| 2023 | -4.8% | +20.0% |
| 2024 | +0.4% | -7.1% |
| 2025 | +21.3% | +172.7% |
| 2026 | +31.9% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSBK and WBD good diversifiers for each other?
Reasonably. At 0.42, TSBK and WBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TSBK and WBD?
As of 2026-08-27, the correlation of weekly returns between TSBK and WBD is 0.42 over 3 years, 0.43 over 1 year and 0.32 over 5 years.
Is WBD a good diversifier for TSBK?
Reasonably. At 0.42, TSBK and WBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: TSBK correlations · WBD correlations
