MRSH vs TWFG: Correlation
Marsh McLennan (MRSH) and TWFG, Inc. (TWFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRSH and TWFG?
Over the past 3 years, MRSH and TWFG moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.50 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 421.2 %².
Within MRSH's tracked universe of 38 assets, TWFG comes in at #17 by 3-year correlation. Over the last 12 months TWFG came out ahead by 10.6 percentage points (-6.0% against +4.6%). Risk is not evenly split, since TWFG carries 2.4 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.
MRSH vs TWFG: side by side
| MRSH (Marsh McLennan) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | -6.0% | +4.6% |
| 5-year return | +31.3% | n/a |
| Volatility (ann.) | 18.1% | 43.1% |
| Beta vs S&P 500 | 0.33 | 0.36 |
| Max drawdown (3Y) | -34.4% | -52.7% |
| Market cap | $90.7B | $0.4B |
| P/E (trailing) | 23.6 | 52.2 |
| Dividend yield | 1.91% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MRSH | TWFG |
|---|---|---|
| 2022 | -3.5% | – |
| 2023 | +16.1% | – |
| 2024 | +13.7% | – |
| 2025 | -11.3% | -6.6% |
| 2026 | +4.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRSH and TWFG good diversifiers for each other?
To a limited degree. At 0.50 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 MRSH and TWFG?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.56 over the last year and n/a over 5 years.
Is TWFG a good diversifier for MRSH?
To a limited degree. At 0.50 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 0.50 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/mrsh-vs-twfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mrsh-vs-twfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRSH correlations · TWFG correlations
