VTEX vs WLDN: Correlation
VTEX Class A (VTEX) and Willdan Group, Inc. (WLDN) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTEX and WLDN?
Over the past 3 years, VTEX and WLDN moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.20 over 3 years. Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -475.5 %².
WLDN is close to the least connected end of VTEX's tracked universe, ranking #8 of 11. Over the last 12 months VTEX came out ahead by 12.0 percentage points (-12.4% against -24.4%).
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.
VTEX vs WLDN: side by side
| VTEX (VTEX Class A) | WLDN (Willdan Group, Inc.) | |
|---|---|---|
| 1-year return | -12.4% | -24.4% |
| 5-year return | -86.1% | +134.3% |
| Volatility (ann.) | 44.3% | 52.6% |
| Beta vs S&P 500 | 0.67 | 0.98 |
| Max drawdown (3Y) | -69.5% | -50.4% |
| Market cap | $0.6B | $1.3B |
| P/E (trailing) | 22.1 | 20.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VTEX | WLDN |
|---|---|---|
| 2022 | -65.0% | -49.3% |
| 2023 | +83.5% | +20.4% |
| 2024 | -14.4% | +77.2% |
| 2025 | -36.2% | +172.1% |
| 2026 | -6.1% | -15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTEX and WLDN good diversifiers for each other?
Yes. With a correlation of -0.20, VTEX and WLDN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VTEX and WLDN?
The VTEX/WLDN correlation stands at -0.20 on a 3-year window (1 year: -0.31, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is WLDN a good diversifier for VTEX?
Yes. With a correlation of -0.20, VTEX and WLDN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/vtex-vs-wldn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vtex-vs-wldn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VTEX correlations · WLDN correlations
