BRO vs TWFG: Correlation
Brown & Brown (BRO) and TWFG, Inc. (TWFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and TWFG?
Across a 3-year window, the weekly returns of BRO and TWFG correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 612.2 %².
Among the 35 assets we track against BRO, TWFG ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TWFG outperformed by 29.6 percentage points (-25.0% for BRO against +4.6% for TWFG). Risk is not evenly split, since TWFG 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.
BRO vs TWFG: side by side
| BRO (Brown & Brown) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | -25.0% | +4.6% |
| 5-year return | +27.5% | n/a |
| Volatility (ann.) | 24.4% | 43.1% |
| Beta vs S&P 500 | 0.39 | 0.36 |
| Max drawdown (3Y) | -55.8% | -52.7% |
| Market cap | $23.9B | $0.4B |
| P/E (trailing) | 23.3 | 52.2 |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | TWFG |
|---|---|---|
| 2022 | -18.4% | – |
| 2023 | +25.7% | – |
| 2024 | +44.3% | – |
| 2025 | -21.4% | -6.6% |
| 2026 | -9.7% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and TWFG good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BRO and TWFG?
As of 2026-08-27, the correlation of weekly returns between BRO and TWFG is 0.54 over 3 years, 0.63 over 1 year and n/a over 5 years.
Is TWFG a good diversifier for BRO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
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Related comparisons
Hubs: BRO correlations · TWFG correlations
