WBD vs. PARA
WBD (Warner Bros. Discovery, Inc.) and PARA (Paramount Global Class B) are both stocks. Both operate in the Entertainment industry within the Communication Services sector. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
WBD vs. PARA - Performance Comparison
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Returns By Period
WBD
- 1D
- 3.26%
- 1M
- -0.68%
- 6M
- -4.50%
- YTD
- -8.74%
- 1Y
- 104.35%
- 3Y*
- 26.90%
- 5Y*
- -1.94%
- 10Y*
- -0.05%
- ALL TIME*
- 6.17%
PARA
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $697.83M | $615.27M | $582.00M |
WBD vs. PARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBD Warner Bros. Discovery, Inc. | -8.74% | 172.66% | -7.12% | 20.04% | -59.73% | -21.77% | -8.09% | 32.34% | 10.55% | -18.35% |
PARA Paramount Global Class B | 0.00% | 6.45% | -27.96% | -10.43% | -41.80% | -17.17% | -7.58% | -2.34% | -24.86% | -6.17% |
Correlation
The correlation between WBD and PARA is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.58 |
The correlation between WBD and PARA shifts across timeframes, from -0.03 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WBD:
$65.94B
PARA:
$12.23B
WBD:
-$0.86
PARA:
-$0.65
WBD:
1.77
PARA:
0.37
WBD:
2.01
PARA:
1.05
WBD:
$37.21B
PARA:
$28.89B
WBD:
$15.43B
PARA:
$8.54B
WBD:
$9.00B
PARA:
$2.64B
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Return for Risk
WBD vs. PARA — Risk / Return Rank
WBD
PARA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WBD vs. PARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Bros. Discovery, Inc. (WBD) and Paramount Global Class B (PARA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WBD | PARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | — | — |
| Martin ratioReturn relative to average drawdown | 12.72 | — | — |
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Drawdowns
WBD vs. PARA - Drawdown Comparison
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Drawdown Indicators
| WBD | PARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.32% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -53.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -78.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -91.32% | — | — |
Current DrawdownCurrent decline from peak | -65.96% | — | — |
Average DrawdownAverage peak-to-trough decline | -37.31% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | — | — |
Volatility
WBD vs. PARA - Volatility Comparison
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Volatility by Period
| WBD | PARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.61% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.63% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.10% | — | — |
Dividends
WBD vs. PARA - Dividend Comparison
Neither WBD nor PARA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARA Paramount Global Class B | 0.00% | 0.91% | 1.91% | 2.64% | 5.69% | 3.18% | 2.58% | 1.86% | 1.65% | 1.22% | 1.04% | 1.27% |
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
WBD vs. PARA - Financials Comparison
This section allows you to compare key financial metrics between Warner Bros. Discovery, Inc. and Paramount Global Class B. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WBD vs. PARA - Profitability Comparison
WBD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
PARA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Paramount Global Class B reported a gross profit of 1.98B and revenue of 8.15B. Therefore, the gross margin over that period was 24.3%.
WBD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
PARA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Paramount Global Class B reported an operating income of 207.00M and revenue of 8.15B, resulting in an operating margin of 2.5%.
WBD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
PARA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Paramount Global Class B reported a net income of -573.00M and revenue of 8.15B, resulting in a net margin of -7.0%.
Frequently Asked Questions
WBD and PARA have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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