FE vs TWLO: Correlation
How closely do FirstEnergy (FE) and Twilio Inc. (TWLO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FE and TWLO?
Over the past 3 years, FE and TWLO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.23 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -209.5 %².
Among the 32 assets we track against FE, TWLO sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months TWLO outperformed by 124.1 percentage points (+9.9% for FE against +134.0% for TWLO). Note the risk asymmetry: TWLO runs 3.0 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.
FE vs TWLO: side by side
| FE (FirstEnergy) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | +9.9% | +134.0% |
| 5-year return | +46.7% | -34.2% |
| Volatility (ann.) | 17.6% | 52.0% |
| Beta vs S&P 500 | 0.04 | 1.38 |
| Max drawdown (3Y) | -14.7% | -45.2% |
| Market cap | $26.8B | $37.1B |
| P/E (trailing) | 25.0 | 33.3 |
| Dividend yield | 3.85% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | FE | TWLO |
|---|---|---|
| 2022 | +4.8% | -81.4% |
| 2023 | -8.9% | +55.0% |
| 2024 | +13.2% | +42.5% |
| 2025 | +17.3% | +31.6% |
| 2026 | +6.4% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FE and TWLO good diversifiers for each other?
Yes. With a correlation of -0.23, FE and TWLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FE and TWLO?
As of 2026-08-27, the correlation of weekly returns between FE and TWLO is -0.23 over 3 years, -0.37 over 1 year and -0.08 over 5 years.
Is TWLO a good diversifier for FE?
Yes. With a correlation of -0.23, FE and TWLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/fe-vs-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fe-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FE correlations · TWLO correlations
