RYAN vs WTW: Correlation
Ryan Specialty Holdings, Inc. (RYAN) and Willis Towers Watson (WTW) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYAN and WTW?
Across a 3-year window, the weekly returns of RYAN and WTW correlate at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.53). Stretching to 5 years gives 0.39, with an annualized covariance of 413.8 %².
Within RYAN's tracked universe of 16 assets, WTW comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WTW ahead by 27.5 points (-23.3% versus +4.2%).
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 WTW: side by side
| RYAN (Ryan Specialty Holdings, Inc.) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | -23.3% | +4.2% |
| 5-year return | +36.6% | +68.3% |
| Volatility (ann.) | 33.3% | 23.5% |
| Beta vs S&P 500 | 0.36 | 0.32 |
| Max drawdown (3Y) | -60.9% | -30.4% |
| Market cap | $17.0B | $31.5B |
| P/E (trailing) | 58.8 | 21.2 |
| Dividend yield | 1.16% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | RYAN | WTW |
|---|---|---|
| 2022 | +2.9% | +4.5% |
| 2023 | +3.6% | +0.1% |
| 2024 | +50.9% | +31.5% |
| 2025 | -18.9% | +6.1% |
| 2026 | -14.9% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYAN and WTW good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RYAN and WTW?
As of 2026-08-27, the correlation of weekly returns between RYAN and WTW is 0.53 over 3 years, 0.68 over 1 year and 0.39 over 5 years.
Is WTW a good diversifier for RYAN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ryan-vs-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ryan-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RYAN correlations · WTW correlations
