SIFY vs TWG: Correlation
Measured on weekly returns over the past three years, Sify Technologies Limited - American Depository Shares (SIFY) and Top Wealth Group Holding Limited - Class A (TWG) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIFY and TWG?
Across a 3-year window, the weekly returns of SIFY and TWG correlate at 0.40, moderate. The past 12 months show a weaker link (0.00) than the 3-year average (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 8296.0 %².
Few assets follow SIFY as closely as TWG, which ranks #1 of 10 tracked partners. The last year tells two different stories: SIFY led by 144.5 percentage points, +54.9% for SIFY against -89.6% for TWG. One caveat on sizing: TWG is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SIFY vs TWG: side by side
| SIFY (Sify Technologies Limited - American Depository Shares) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +54.9% | -89.6% |
| 5-year return | -31.9% | n/a |
| Volatility (ann.) | 78.4% | 248.4% |
| Beta vs S&P 500 | 0.48 | 0.99 |
| Max drawdown (3Y) | -85.6% | -100.0% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIFY | TWG |
|---|---|---|
| 2022 | -64.4% | – |
| 2023 | +62.6% | – |
| 2024 | -74.5% | – |
| 2025 | +326.2% | -86.8% |
| 2026 | +21.3% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIFY and TWG good diversifiers for each other?
Reasonably. At 0.40, SIFY and TWG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SIFY and TWG?
The SIFY/TWG correlation stands at 0.40 on a 3-year window (1 year: 0.00, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TWG a good diversifier for SIFY?
Reasonably. At 0.40, SIFY and TWG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/sify-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sify-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SIFY correlations · TWG correlations
