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WMG correlations (Warner Music Group Corp.)

WMG measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

30.7%

3y weekly

Beta vs S&P 500

0.91

3y weekly

1-year return

-14.7%

price, adjusted

5-year return

-16.9%

price, adjusted

Market cap

$14.7B

latest

P/E ratio

22.4

trailing

Dividend yield

2.72%

trailing

Max drawdown

-33.1%

3y, daily closes

WMG over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with WMG

Asset		Correlation (3Y)
GBTG	Global Business Travel Group, Inc.	0.52
WT	WisdomTree, Inc.	0.49
ACWI	iShares MSCI ACWI ETF	0.45
VT	Vanguard Total World Stock ETF	0.45
VWO	Vanguard FTSE Emerging Markets ETF	0.45

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from WMG.

Asset		Correlation (3Y)
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.35
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.34
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.29

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/wmg.json

Correlations, diversifiers, beta and volatility for WMG, plus one endpoint per pair. API documentation.

ETF		WMG weight
MDY	SPDR S&P MidCap 400 ETF	0.11%