BAND vs TWLO: Correlation
Measured on weekly returns over the past three years, Bandwidth Inc. (BAND) and Twilio Inc. (TWLO) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAND and TWLO?
Across a 3-year window, the weekly returns of BAND and TWLO correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.47). Stretching to 5 years gives 0.43, with an annualized covariance of 2295.8 %².
Within BAND's tracked universe of 15 assets, TWLO comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BAND ahead by 115.2 points (+249.2% versus +134.0%). Risk is not evenly split, since BAND carries 1.8 times the volatility of the other side.
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.
BAND vs TWLO: side by side
| BAND (Bandwidth Inc.) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | +249.2% | +134.0% |
| 5-year return | -50.5% | -34.2% |
| Volatility (ann.) | 93.1% | 52.0% |
| Beta vs S&P 500 | 1.91 | 1.38 |
| Max drawdown (3Y) | -52.9% | -45.2% |
| Market cap | $1.7B | $37.1B |
| P/E (trailing) | – | 33.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAND | TWLO |
|---|---|---|
| 2022 | -68.0% | -81.4% |
| 2023 | -36.9% | +55.0% |
| 2024 | +17.6% | +42.5% |
| 2025 | -9.2% | +31.6% |
| 2026 | +235.6% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAND and TWLO good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAND and TWLO?
As of 2026-08-27, the correlation of weekly returns between BAND and TWLO is 0.47 over 3 years, 0.66 over 1 year and 0.43 over 5 years.
Is TWLO a good diversifier for BAND?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/band-vs-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/band-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAND correlations · TWLO correlations
