FSLY vs TWFG: Correlation
Measured on weekly returns over the past three years, Fastly, Inc. (FSLY) and TWFG, Inc. (TWFG) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSLY and TWFG?
On 3 years of weekly data the FSLY/TWFG correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.34). The 5-year figure is n/a, and annualized covariance runs at -1626.4 %².
Among the 11 assets we track against FSLY, TWFG sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with FSLY ahead by 224.4 points (+229.0% versus +4.6%). Risk is not evenly split, since FSLY carries 2.4 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.
FSLY vs TWFG: side by side
| FSLY (Fastly, Inc.) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | +229.0% | +4.6% |
| 5-year return | -43.5% | n/a |
| Volatility (ann.) | 101.8% | 43.1% |
| Beta vs S&P 500 | 1.26 | 0.36 |
| Max drawdown (3Y) | -80.0% | -52.7% |
| Market cap | $3.9B | $0.4B |
| P/E (trailing) | – | 52.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSLY | TWFG |
|---|---|---|
| 2022 | -76.9% | – |
| 2023 | +117.3% | – |
| 2024 | -47.0% | – |
| 2025 | +7.8% | -6.6% |
| 2026 | +142.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSLY and TWFG good diversifiers for each other?
Yes. With a correlation of -0.34, FSLY and TWFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FSLY and TWFG?
The FSLY/TWFG correlation stands at -0.34 on a 3-year window (1 year: -0.52, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TWFG a good diversifier for FSLY?
Yes. With a correlation of -0.34, FSLY and TWFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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/fsly-vs-twfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsly-vs-twfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSLY correlations · TWFG correlations
