GSHD vs WTW: Correlation
Measured on weekly returns over the past three years, Goosehead Insurance, Inc. (GSHD) and Willis Towers Watson (WTW) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSHD and WTW?
Over the past 3 years, GSHD and WTW moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 631.3 %².
Among the 15 assets we track against GSHD, WTW ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTW outperformed by 22.7 percentage points (-18.5% for GSHD against +4.2% for WTW). Risk is not evenly split, since GSHD carries 2.3 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 WTW: side by side
| GSHD (Goosehead Insurance, Inc.) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | -18.5% | +4.2% |
| 5-year return | -47.2% | +68.3% |
| Volatility (ann.) | 55.1% | 23.5% |
| Beta vs S&P 500 | 0.42 | 0.32 |
| Max drawdown (3Y) | -72.2% | -30.4% |
| Market cap | $2.5B | $31.5B |
| P/E (trailing) | 51.4 | 21.2 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | GSHD | WTW |
|---|---|---|
| 2022 | -73.6% | +4.5% |
| 2023 | +120.7% | +0.1% |
| 2024 | +41.5% | +31.5% |
| 2025 | -27.4% | +6.1% |
| 2026 | -4.3% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSHD and WTW good diversifiers for each other?
Reasonably. At 0.49, GSHD and WTW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSHD and WTW?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.59 over the last year and 0.47 over 5 years.
Is WTW a good diversifier for GSHD?
Reasonably. At 0.49, GSHD and WTW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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
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Related comparisons
Hubs: GSHD correlations · WTW correlations
