GXO vs TWG: Correlation
GXO Logistics, Inc. (GXO) and Top Wealth Group Holding Limited - Class A (TWG) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GXO and TWG?
Over the past 3 years, GXO and TWG moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.46). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4512.6 %².
Among the 16 assets we track against GXO, TWG ranks #7 by 3-year correlation. The last year tells two different stories: GXO led by 79.5 percentage points, -10.1% for GXO against -89.6% for TWG. One caveat on sizing: TWG is 6.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GXO vs TWG: side by side
| GXO (GXO Logistics, Inc.) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -10.1% | -89.6% |
| 5-year return | -43.5% | n/a |
| Volatility (ann.) | 37.5% | 248.4% |
| Beta vs S&P 500 | 1.06 | 0.99 |
| Max drawdown (3Y) | -51.6% | -100.0% |
| Market cap | $5.5B | – |
| P/E (trailing) | 42.5 | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GXO | TWG |
|---|---|---|
| 2022 | -53.0% | – |
| 2023 | +43.3% | – |
| 2024 | -28.9% | – |
| 2025 | +21.0% | -86.8% |
| 2026 | -8.9% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GXO and TWG good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GXO and TWG?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.29 over the last year and n/a over 5 years.
Is TWG a good diversifier for GXO?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/gxo-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gxo-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GXO correlations · TWG correlations
