MIND vs TWFG: Correlation
How closely do MIND Technology, Inc. (MIND) and TWFG, Inc. (TWFG) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIND and TWFG?
Over the past 3 years, MIND and TWFG moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -977.6 %².
Out of 15 assets tracked against MIND, TWFG lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with TWFG ahead by 60.5 points (-55.9% versus +4.6%). One caveat on sizing: MIND is 1.8 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.
MIND vs TWFG: side by side
| MIND (MIND Technology, Inc.) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | -55.9% | +4.6% |
| 5-year return | -77.3% | n/a |
| Volatility (ann.) | 79.5% | 43.1% |
| Beta vs S&P 500 | 0.91 | 0.36 |
| Max drawdown (3Y) | -70.0% | -52.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | 27.8 | 52.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIND | TWFG |
|---|---|---|
| 2022 | -72.8% | – |
| 2023 | +43.3% | – |
| 2024 | +20.5% | – |
| 2025 | +10.7% | -6.6% |
| 2026 | -49.4% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIND and TWFG good diversifiers for each other?
Yes. With a correlation of -0.28, MIND and TWFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MIND and TWFG?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is TWFG a good diversifier for MIND?
Yes. With a correlation of -0.28, MIND and TWFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/mind-vs-twfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mind-vs-twfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MIND correlations · TWFG correlations
