PARA vs TWG: Correlation
Banzai International, Inc. (PARA) and Top Wealth Group Holding Limited - Class A (TWG) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARA and TWG?
Over the past 3 years, PARA and TWG moved with a correlation of 0.25, which is weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7111.7 %².
Within PARA's tracked universe of 20 assets, TWG comes in at #4 by 3-year correlation. The trailing year gives TWG the advantage: -98.2% versus -89.6%, a 8.6-point spread. Risk is not evenly split, since TWG carries 2.2 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.
PARA vs TWG: side by side
| PARA (Banzai International, Inc.) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -98.2% | -89.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 114.5% | 248.4% |
| Beta vs S&P 500 | -0.02 | 0.99 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.1 | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PARA | TWG |
|---|---|---|
| 2022 | +3.7% | – |
| 2023 | -81.4% | – |
| 2024 | -98.4% | – |
| 2025 | -93.7% | -86.8% |
| 2026 | -93.8% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARA and TWG good diversifiers for each other?
Reasonably. At 0.25, PARA and TWG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PARA and TWG?
As of 2026-08-27, the correlation of weekly returns between PARA and TWG is 0.25 over 3 years, 0.20 over 1 year and n/a over 5 years.
Is TWG a good diversifier for PARA?
Reasonably. At 0.25, PARA and TWG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 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/para-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/para-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PARA correlations · TWG correlations
