WMG vs WT: Correlation
Warner Music Group Corp. (WMG) and WisdomTree, Inc. (WT) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WMG and WT?
Across a 3-year window, the weekly returns of WMG and WT correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.40, with an annualized covariance of 513.9 %².
In WMG's tracked universe of 11 assets, WT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with WT ahead by 101.4 points (-14.7% versus +86.7%).
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.
WMG vs WT: side by side
| WMG (Warner Music Group Corp.) | WT (WisdomTree, Inc.) | |
|---|---|---|
| 1-year return | -14.7% | +86.7% |
| 5-year return | -16.9% | +330.3% |
| Volatility (ann.) | 30.7% | 34.2% |
| Beta vs S&P 500 | 0.91 | 1.17 |
| Max drawdown (3Y) | -33.1% | -36.9% |
| Market cap | $14.7B | $3.8B |
| P/E (trailing) | 22.4 | 44.7 |
| Dividend yield | 2.72% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WMG | WT |
|---|---|---|
| 2022 | -17.2% | -8.9% |
| 2023 | +4.4% | +29.6% |
| 2024 | -11.5% | +53.5% |
| 2025 | +1.4% | +17.4% |
| 2026 | -6.3% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WMG and WT good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between WMG and WT?
The WMG/WT correlation stands at 0.49 on a 3-year window (1 year: 0.62, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is WT a good diversifier for WMG?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/wmg-vs-wt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/wmg-vs-wt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: WMG correlations · WT correlations
