MAMA vs SKWD: Correlation
How closely do Mama's Creations, Inc. (MAMA) and Skyward Specialty Insurance Group, Inc. (SKWD) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMA and SKWD?
On 3 years of weekly data the MAMA/SKWD correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 564.2 %².
By 3-year correlation, SKWD places #4 of the 11 assets tracked against MAMA. The last year tells two different stories: MAMA led by 68.9 percentage points, +87.4% for MAMA against +18.5% for SKWD.
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.
MAMA vs SKWD: side by side
| MAMA (Mama's Creations, Inc.) | SKWD (Skyward Specialty Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +87.4% | +18.5% |
| 5-year return | +535.7% | n/a |
| Volatility (ann.) | 49.3% | 34.9% |
| Beta vs S&P 500 | 0.49 | 0.31 |
| Max drawdown (3Y) | -42.5% | -36.5% |
| Market cap | $0.7B | $2.3B |
| P/E (trailing) | 106.8 | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAMA | SKWD |
|---|---|---|
| 2022 | -10.7% | – |
| 2023 | +173.5% | – |
| 2024 | +62.1% | +49.2% |
| 2025 | +69.5% | +1.1% |
| 2026 | +18.8% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMA and SKWD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MAMA and SKWD?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is SKWD a good diversifier for MAMA?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/mama-vs-skwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mama-vs-skwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAMA correlations · SKWD correlations
