RIG vs TWFG: Correlation
Transocean Ltd (Switzerland) (RIG) and TWFG, Inc. (TWFG) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIG and TWFG?
Across a 3-year window, the weekly returns of RIG and TWFG correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.23 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -562.4 %².
Out of 14 assets tracked against RIG, TWFG lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months RIG outperformed by 76.5 percentage points (+81.1% for RIG against +4.6% for TWFG).
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.
RIG vs TWFG: side by side
| RIG (Transocean Ltd (Switzerland)) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | +81.1% | +4.6% |
| 5-year return | +61.7% | n/a |
| Volatility (ann.) | 51.9% | 43.1% |
| Beta vs S&P 500 | 0.93 | 0.36 |
| Max drawdown (3Y) | -75.5% | -52.7% |
| Market cap | $6.4B | $0.4B |
| P/E (trailing) | – | 52.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIG | TWFG |
|---|---|---|
| 2022 | +65.2% | – |
| 2023 | +39.3% | – |
| 2024 | -40.9% | – |
| 2025 | +10.1% | -6.6% |
| 2026 | +39.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIG and TWFG good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RIG and TWFG?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is TWFG a good diversifier for RIG?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/rig-vs-twfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rig-vs-twfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RIG correlations · TWFG correlations
