GSHD vs TYL: Correlation
Goosehead Insurance, Inc. (GSHD) and Tyler Technologies (TYL) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSHD and TYL?
Over the past 3 years, GSHD and TYL moved with a correlation of 0.52, 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 0.54, and the annualized covariance of weekly returns is 853.7 %².
Within GSHD's tracked universe of 15 assets, TYL comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GSHD ahead by 15.5 points (-18.5% versus -34.0%). Risk is not evenly split, since GSHD carries 1.9 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.
GSHD vs TYL: side by side
| GSHD (Goosehead Insurance, Inc.) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -18.5% | -34.0% |
| 5-year return | -47.2% | -22.5% |
| Volatility (ann.) | 55.1% | 29.6% |
| Beta vs S&P 500 | 0.42 | 0.61 |
| Max drawdown (3Y) | -72.2% | -57.4% |
| Market cap | $2.5B | $15.1B |
| P/E (trailing) | 51.4 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GSHD | TYL |
|---|---|---|
| 2022 | -73.6% | -40.1% |
| 2023 | +120.7% | +29.7% |
| 2024 | +41.5% | +37.9% |
| 2025 | -27.4% | -21.3% |
| 2026 | -4.3% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSHD and TYL good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GSHD and TYL?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.58 over the last year and 0.54 over 5 years.
Is TYL a good diversifier for GSHD?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gshd-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gshd-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GSHD correlations · TYL correlations
