IDT vs TWG: Correlation
Measured on weekly returns over the past three years, IDT Corporation (IDT) and Top Wealth Group Holding Limited - Class A (TWG) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDT and TWG?
On 3 years of weekly data the IDT/TWG correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.19 versus 0.44 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 3761.9 %².
Few assets follow IDT as closely as TWG, which ranks #2 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with IDT ahead by 98.7 points (+9.1% versus -89.6%). One caveat on sizing: TWG is 7.3 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.
IDT vs TWG: side by side
| IDT (IDT Corporation) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +9.1% | -89.6% |
| 5-year return | +58.8% | n/a |
| Volatility (ann.) | 34.0% | 248.4% |
| Beta vs S&P 500 | 0.70 | 0.99 |
| Max drawdown (3Y) | -33.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 21.2 | 4.2 |
| Dividend yield | 0.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDT | TWG |
|---|---|---|
| 2022 | -36.2% | – |
| 2023 | +21.0% | – |
| 2024 | +40.1% | – |
| 2025 | +8.2% | -86.8% |
| 2026 | +34.8% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDT and TWG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IDT and TWG?
As of 2026-08-27, the correlation of weekly returns between IDT and TWG is 0.44 over 3 years, -0.19 over 1 year and n/a over 5 years.
Is TWG a good diversifier for IDT?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/idt-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idt-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IDT correlations · TWG correlations
