FIVN vs TWLO: Correlation
How closely do Five9, Inc. (FIVN) and Twilio Inc. (TWLO) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVN and TWLO?
Across a 3-year window, the weekly returns of FIVN and TWLO correlate at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 1713.3 %².
Within FIVN's tracked universe of 23 assets, TWLO comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TWLO outperformed by 106.0 percentage points (+28.0% for FIVN against +134.0% for TWLO).
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.
FIVN vs TWLO: side by side
| FIVN (Five9, Inc.) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +134.0% |
| 5-year return | -81.3% | -34.2% |
| Volatility (ann.) | 55.7% | 52.0% |
| Beta vs S&P 500 | 1.84 | 1.38 |
| Max drawdown (3Y) | -84.1% | -45.2% |
| Market cap | $2.6B | $37.1B |
| P/E (trailing) | 46.7 | 33.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | TWLO |
|---|---|---|
| 2022 | -50.6% | -81.4% |
| 2023 | +16.0% | +55.0% |
| 2024 | -48.4% | +42.5% |
| 2025 | -50.7% | +31.6% |
| 2026 | +72.4% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and TWLO good diversifiers for each other?
Only partially. A correlation of 0.59 means FIVN and TWLO 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 FIVN and TWLO?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.65 over the last year and 0.61 over 5 years.
Is TWLO a good diversifier for FIVN?
Only partially. A correlation of 0.59 means FIVN and TWLO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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/fivn-vs-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fivn-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FIVN correlations · TWLO correlations
