PGRE vs. WBD

Last updated Jun 5, 2026

PGRE (Paramount Group, Inc.) and WBD (Warner Bros. Discovery, Inc.) are both stocks. PGRE operates in REIT - Office (Real Estate), while WBD operates in Entertainment (Communication Services). At a 0.35 correlation, their price movements are largely independent.

Performance

PGRE vs. WBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Group, Inc. (PGRE) and Warner Bros. Discovery, Inc. (WBD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PGRE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WBD

• 1D: 0.00%
• 1M: -0.81%
• YTD: -6.32%
• 6M: 10.02%
• 1Y: 175.79%
• 3Y*: 32.41%
• 5Y*: -3.07%
• 10Y*: -0.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PGRE vs. WBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGRE Paramount Group, Inc.	0.00%	33.60%	-2.94%	-9.45%	-25.64%	-4.95%	-31.98%	14.13%	-18.48%	1.50%
WBD Warner Bros. Discovery, Inc.	-6.32%	172.66%	-7.12%	20.04%	-59.73%	-21.77%	-8.09%	32.34%	10.55%	-18.35%

Correlation

The correlation between PGRE and WBD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 20, 2014	0.35

Over the past year, the correlation between PGRE and WBD has dropped to 0.07 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Fundamentals

Market Cap PGRE : $1.46B WBD : $67.28B
EPS PGRE : -$0.44 WBD : -$0.86
PS Ratio PGRE : 2.01 WBD : 1.81
PB Ratio PGRE : 0.48 WBD : 2.07
Total Revenue (TTM) PGRE : $723.29M WBD : $37.21B
Gross Profit (TTM) PGRE : $413.93M WBD : $15.43B
EBITDA (TTM) PGRE : $290.50M WBD : $9.00B

Return for Risk

PGRE vs. WBD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WBD

WBD Risk / Return Rank: 97
WBD Sharpe Ratio Rank: 97
WBD Sortino Ratio Rank: 98
WBD Omega Ratio Rank: 98
WBD Calmar Ratio Rank: 96
WBD Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PGRE vs. WBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paramount Group, Inc. (PGRE) and Warner Bros. Discovery, Inc. (WBD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PGRE	WBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.16	—

Drawdowns

Drawdown Indicators

	PGRE	WBD	Difference
Max Drawdown Largest peak-to-trough decline	—	-91.32%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-21.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-78.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.32%	—
Current Drawdown Current decline from peak	—	-65.06%	—
Average Drawdown Average peak-to-trough decline	—	-37.11%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.28%	—

Volatility

Volatility by Period

	PGRE	WBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	47.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	52.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	47.17%	—

Dividends

PGRE vs. WBD - Dividend Comparison

Neither PGRE nor WBD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGRE Paramount Group, Inc.	0.00%	0.00%	1.42%	3.53%	5.22%	3.36%	4.09%	2.87%	3.18%	2.40%	2.38%	2.31%
WBD Warner Bros. Discovery, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

PGRE vs. WBD - Profitability Comparison

The chart below illustrates the profitability comparison between Paramount Group, Inc. and Warner Bros. Discovery, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PGRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paramount Group, Inc. reported a gross profit of 93.57M and revenue of 172.96M. Therefore, the gross margin over that period was 54.1%.

WBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a gross profit of 4.25B and revenue of 8.89B. Therefore, the gross margin over that period was 47.8%.

PGRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paramount Group, Inc. reported an operating income of 19.46M and revenue of 172.96M, resulting in an operating margin of 11.3%.

WBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported an operating income of -2.47B and revenue of 8.89B, resulting in an operating margin of -27.8%.

PGRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paramount Group, Inc. reported a net income of -28.95M and revenue of 172.96M, resulting in a net margin of -16.7%.

WBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a net income of -3.33B and revenue of 8.89B, resulting in a net margin of -37.5%.

Frequently Asked Questions

Can I hold both PGRE and WBD in my portfolio?

PGRE and WBD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.