SRRK vs TWG: Correlation
How closely do Scholar Rock Holding Corporation (SRRK) and Top Wealth Group Holding Limited - Class A (TWG) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRRK and TWG?
On 3 years of weekly data the SRRK/TWG correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.82). The 5-year figure is n/a, and annualized covariance runs at 36503.2 %².
In SRRK's tracked universe of 11 assets, TWG sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months SRRK outperformed by 161.5 percentage points (+71.9% for SRRK against -89.6% for TWG). Risk is not evenly split, since TWG carries 1.5 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.
SRRK vs TWG: side by side
| SRRK (Scholar Rock Holding Corporation) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +71.9% | -89.6% |
| 5-year return | +54.0% | n/a |
| Volatility (ann.) | 164.2% | 248.4% |
| Beta vs S&P 500 | 1.48 | 0.99 |
| Max drawdown (3Y) | -65.2% | -100.0% |
| Market cap | $7.2B | – |
| P/E (trailing) | – | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRRK | TWG |
|---|---|---|
| 2022 | -63.6% | – |
| 2023 | +107.7% | – |
| 2024 | +129.9% | – |
| 2025 | +1.9% | -86.8% |
| 2026 | +34.5% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRRK and TWG good diversifiers for each other?
No: a correlation of 0.82 means SRRK and TWG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between SRRK and TWG?
As of 2026-08-27, the correlation of weekly returns between SRRK and TWG is 0.82 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is TWG a good diversifier for SRRK?
No: a correlation of 0.82 means SRRK and TWG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/srrk-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/srrk-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SRRK correlations · TWG correlations
