LEE vs TWG: Correlation
How closely do Lee Enterprises, Incorporated (LEE) and Top Wealth Group Holding Limited - Class A (TWG) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEE and TWG?
On 3 years of weekly data the LEE/TWG correlation comes out at 0.57, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.57). The 5-year figure is n/a, and annualized covariance runs at 11890.4 %².
Few assets follow LEE as closely as TWG, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with LEE ahead by 183.5 points (+93.9% versus -89.6%). Risk is not evenly split, since TWG carries 3.1 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.
LEE vs TWG: side by side
| LEE (Lee Enterprises, Incorporated) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +93.9% | -89.6% |
| 5-year return | -67.6% | n/a |
| Volatility (ann.) | 79.2% | 248.4% |
| Beta vs S&P 500 | 0.72 | 0.99 |
| Max drawdown (3Y) | -82.0% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEE | TWG |
|---|---|---|
| 2022 | -46.3% | – |
| 2023 | -57.6% | – |
| 2024 | +87.8% | – |
| 2025 | -67.6% | -86.8% |
| 2026 | +72.4% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEE and TWG good diversifiers for each other?
To a limited degree. At 0.57 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 LEE and TWG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is TWG a good diversifier for LEE?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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/lee-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lee-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEE correlations · TWG correlations
