WBD vs. WDC
WBD (Warner Bros. Discovery, Inc.) and WDC (Western Digital Corporation) are both stocks. WBD operates in Entertainment (Communication Services), while WDC operates in Computer Hardware (Technology). Over the past 10 years, WBD returned 0.50%/yr vs 33.87%/yr for WDC. At a 0.33 correlation, their price movements are largely independent.
Performance
WBD vs. WDC - Performance Comparison
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Returns By Period
In the year-to-date period, WBD achieves a -6.38% return, which is significantly lower than WDC's 227.01% return. Over the past 10 years, WBD has underperformed WDC with an annualized return of 0.50%, while WDC has yielded a comparatively higher 33.87% annualized return.
WBD
- 1D
- 0.45%
- 1M
- -0.99%
- YTD
- -6.38%
- 6M
- -10.01%
- 1Y
- 165.55%
- 3Y*
- 25.07%
- 5Y*
- -2.61%
- 10Y*
- 0.50%
WDC
- 1D
- 6.35%
- 1M
- 13.96%
- YTD
- 227.01%
- 6M
- 219.46%
- 1Y
- 911.92%
- 3Y*
- 164.18%
- 5Y*
- 58.50%
- 10Y*
- 33.87%
WBD vs. WDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WBD Warner Bros. Discovery, Inc. | -6.38% | 172.66% | -7.12% | 20.04% | -59.73% | -21.77% | -8.09% | 32.34% | 10.55% | -18.35% |
WDC Western Digital Corporation | 227.01% | 283.68% | 13.86% | 65.99% | -51.62% | 17.73% | -10.89% | 77.14% | -51.90% | 19.83% |
Correlation
The correlation between WBD and WDC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2005 | 0.33 |
The correlation between WBD and WDC shifts across timeframes, from 0.14 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WBD:
-$0.86
WDC:
$23.29
WBD:
1.81
WDC:
13.31
WBD:
$37.21B
WDC:
$11.78B
WBD:
$15.43B
WDC:
$5.35B
WBD:
$9.00B
WDC:
$10.88B
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Return for Risk
WBD vs. WDC — Risk / Return Rank
WBD
WDC
WBD vs. WDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Bros. Discovery, Inc. (WBD) and Western Digital Corporation (WDC). 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 | WDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.95 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 7.82 | 44.74 | -36.93 |
| Martin ratioReturn relative to average drawdown | 22.23 | 151.81 | -129.59 |
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Drawdowns
WBD vs. WDC - Drawdown Comparison
The maximum WBD drawdown since its inception was -91.32%, smaller than the maximum WDC drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for WBD and WDC.
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Drawdown Indicators
| WBD | WDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.32% | -96.20% | +4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -21.31% | -20.59% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -53.63% | -49.65% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -78.49% | -59.68% | -18.81% |
Max Drawdown (10Y)Largest decline over 10 years | -91.32% | -70.49% | -20.83% |
Current DrawdownCurrent decline from peak | -65.08% | -5.22% | -59.86% |
Average DrawdownAverage peak-to-trough decline | -37.14% | -52.07% | +14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.48% | 6.06% | +1.42% |
Volatility
WBD vs. WDC - Volatility Comparison
The current volatility for Warner Bros. Discovery, Inc. (WBD) is 4.77%, while Western Digital Corporation (WDC) has a volatility of 21.76%. This indicates that WBD experiences smaller price fluctuations and is considered to be less risky than WDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBD | WDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 21.76% | -16.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 53.55% | -42.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.82% | 65.47% | -18.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.71% | 48.86% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.14% | 48.62% | -1.48% |
Dividends
WBD vs. WDC - Dividend Comparison
WBD has not paid dividends to shareholders, while WDC's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WDC Western Digital Corporation | 0.09% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Financials
WBD vs. WDC - Financials Comparison
This section allows you to compare key financial metrics between Warner Bros. Discovery, Inc. and Western Digital Corporation. 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. WDC - Profitability Comparison
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%.
WDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a gross profit of 1.68B and revenue of 3.34B. Therefore, the gross margin over that period was 50.2%.
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%.
WDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported an operating income of 1.14B and revenue of 3.34B, resulting in an operating margin of 34.0%.
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%.
WDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a net income of 3.21B and revenue of 3.34B, resulting in a net margin of 96.0%.
Frequently Asked Questions
WBD and WDC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDC has higher volatility (21.76%) compared to WBD (4.77%). In terms of maximum drawdown, WBD dropped -91.32% vs WDC's -96.20%.
WDC currently has the higher Sharpe Ratio (14.07 vs 3.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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