DT vs TWLO: Correlation
How closely do Dynatrace, Inc. (DT) and Twilio Inc. (TWLO) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DT and TWLO?
Over the past 3 years, DT and TWLO moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 985.4 %².
Within DT's tracked universe of 26 assets, TWLO comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TWLO ahead by 127.4 points (+6.6% versus +134.0%). Note the risk asymmetry: TWLO runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DT vs TWLO: side by side
| DT (Dynatrace, Inc.) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | +6.6% | +134.0% |
| 5-year return | -21.5% | -34.2% |
| Volatility (ann.) | 34.3% | 52.0% |
| Beta vs S&P 500 | 1.02 | 1.38 |
| Max drawdown (3Y) | -48.2% | -45.2% |
| Market cap | $15.5B | $37.1B |
| P/E (trailing) | 102.8 | 33.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DT | TWLO |
|---|---|---|
| 2022 | -36.5% | -81.4% |
| 2023 | +42.8% | +55.0% |
| 2024 | -0.6% | +42.5% |
| 2025 | -20.3% | +31.6% |
| 2026 | +23.3% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DT and TWLO good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DT and TWLO?
The DT/TWLO correlation stands at 0.55 on a 3-year window (1 year: 0.56, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is TWLO a good diversifier for DT?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dt-vs-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dt-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DT correlations · TWLO correlations
