GTLB vs TWLO: Correlation
How closely do GitLab Inc. (GTLB) and Twilio Inc. (TWLO) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTLB and TWLO?
On 3 years of weekly data the GTLB/TWLO correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 1385.0 %².
Among the 19 assets we track against GTLB, TWLO ranks #11 by 3-year correlation. The last year tells two different stories: TWLO led by 139.2 percentage points, -5.2% for GTLB 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.
GTLB vs TWLO: side by side
| GTLB (GitLab Inc.) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | -5.2% | +134.0% |
| 5-year return | -56.9% | -34.2% |
| Volatility (ann.) | 52.0% | 52.0% |
| Beta vs S&P 500 | 1.49 | 1.38 |
| Max drawdown (3Y) | -75.0% | -45.2% |
| Market cap | $7.6B | $37.1B |
| P/E (trailing) | – | 33.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTLB | TWLO |
|---|---|---|
| 2022 | -47.8% | -81.4% |
| 2023 | +38.6% | +55.0% |
| 2024 | -10.5% | +42.5% |
| 2025 | -33.4% | +31.6% |
| 2026 | +19.4% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTLB and TWLO good diversifiers for each other?
Only partially. A correlation of 0.51 means GTLB 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 GTLB and TWLO?
As of 2026-08-27, the correlation of weekly returns between GTLB and TWLO is 0.51 over 3 years, 0.54 over 1 year and 0.57 over 5 years.
Is TWLO a good diversifier for GTLB?
Only partially. A correlation of 0.51 means GTLB 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 0.51 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/gtlb-vs-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtlb-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GTLB correlations · TWLO correlations
