DNA vs TWST: Correlation
Ginkgo Bioworks Holdings, Inc. (DNA) and Twist Bioscience Corporation (TWST) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNA and TWST?
Over the past 3 years, DNA and TWST moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 4005.7 %².
TWST is one of the assets that tracks DNA most closely: it ranks #3 out of the 13 assets we track against DNA. The last year tells two different stories: TWST led by 504.3 percentage points, -41.2% for DNA against +463.1% for TWST.
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.
DNA vs TWST: side by side
| DNA (Ginkgo Bioworks Holdings, Inc.) | TWST (Twist Bioscience Corporation) | |
|---|---|---|
| 1-year return | -41.2% | +463.1% |
| 5-year return | -98.2% | +39.8% |
| Volatility (ann.) | 100.2% | 76.1% |
| Beta vs S&P 500 | 2.77 | 2.21 |
| Max drawdown (3Y) | -94.3% | -59.0% |
| Market cap | $0.5B | $9.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNA | TWST |
|---|---|---|
| 2022 | -79.7% | -69.2% |
| 2023 | +0.0% | +54.8% |
| 2024 | -85.5% | +26.1% |
| 2025 | -15.4% | -31.7% |
| 2026 | -12.6% | +382.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNA and TWST good diversifiers for each other?
Only partially. A correlation of 0.53 means DNA and TWST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DNA and TWST?
As of 2026-08-27, the correlation of weekly returns between DNA and TWST is 0.53 over 3 years, 0.58 over 1 year and 0.56 over 5 years.
Is TWST a good diversifier for DNA?
Only partially. A correlation of 0.53 means DNA and TWST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/dna-vs-twst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dna-vs-twst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DNA correlations · TWST correlations
