RYAN vs TWFG: Correlation
Ryan Specialty Holdings, Inc. (RYAN) and TWFG, Inc. (TWFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYAN and TWFG?
On 3 years of weekly data the RYAN/TWFG correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.51 over 3. The 5-year figure is n/a, and annualized covariance runs at 781.6 %².
Within RYAN's tracked universe of 16 assets, TWFG comes in at #7 by 3-year correlation. The last year tells two different stories: TWFG led by 27.9 percentage points, -23.3% for RYAN 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.
RYAN vs TWFG: side by side
| RYAN (Ryan Specialty Holdings, Inc.) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | -23.3% | +4.6% |
| 5-year return | +36.6% | n/a |
| Volatility (ann.) | 33.3% | 43.1% |
| Beta vs S&P 500 | 0.36 | 0.36 |
| Max drawdown (3Y) | -60.9% | -52.7% |
| Market cap | $17.0B | $0.4B |
| P/E (trailing) | 58.8 | 52.2 |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYAN | TWFG |
|---|---|---|
| 2022 | +2.9% | – |
| 2023 | +3.6% | – |
| 2024 | +50.9% | – |
| 2025 | -18.9% | -6.6% |
| 2026 | -14.9% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYAN and TWFG good diversifiers for each other?
Only partially. A correlation of 0.51 means RYAN and TWFG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RYAN and TWFG?
As of 2026-08-27, the correlation of weekly returns between RYAN and TWFG is 0.51 over 3 years, 0.58 over 1 year and n/a over 5 years.
Is TWFG a good diversifier for RYAN?
Only partially. A correlation of 0.51 means RYAN and TWFG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/ryan-vs-twfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ryan-vs-twfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RYAN correlations · TWFG correlations
