WLY vs WLYB: Correlation
How closely do John Wiley & Sons, Inc. (WLY) and John Wiley & Sons, Inc. (WLYB) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WLY and WLYB?
Across a 3-year window, the weekly returns of WLY and WLYB correlate at 0.69, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.68, with an annualized covariance of 875.8 %².
In WLY's tracked universe of 10 assets, WLYB sits right near the top at #1. Twelve-month performance is nearly a tie, at +38.2% for WLY and +40.9% for WLYB.
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.
WLY vs WLYB: side by side
| WLY (John Wiley & Sons, Inc.) | WLYB (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | +38.2% | +40.9% |
| 5-year return | +10.0% | +10.5% |
| Volatility (ann.) | 33.8% | 37.4% |
| Beta vs S&P 500 | 0.50 | 0.31 |
| Max drawdown (3Y) | -43.3% | -41.5% |
| Market cap | $2.7B | $2.8B |
| P/E (trailing) | 13.0 | 13.0 |
| Dividend yield | 2.67% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WLY | WLYB |
|---|---|---|
| 2022 | -27.8% | -27.5% |
| 2023 | -17.5% | -14.7% |
| 2024 | +42.2% | +41.5% |
| 2025 | -27.2% | -27.3% |
| 2026 | +79.3% | +78.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WLY and WLYB good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between WLY and WLYB?
As of 2026-08-27, the correlation of weekly returns between WLY and WLYB is 0.69 over 3 years, 0.77 over 1 year and 0.68 over 5 years.
Is WLYB a good diversifier for WLY?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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: WLY correlations · WLYB correlations
