TSLA vs TWG: Correlation
How closely do Tesla, Inc. (TSLA) and Top Wealth Group Holding Limited - Class A (TWG) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSLA and TWG?
Over the past 3 years, TSLA and TWG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.02) runs above the 3-year figure (-0.20). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2672.3 %².
Out of 31 assets tracked against TSLA, TWG lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months TSLA outperformed by 91.1 percentage points (+1.5% for TSLA against -89.6% for TWG). One caveat on sizing: TWG is 4.6 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.
TSLA vs TWG: side by side
| TSLA (Tesla, Inc.) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +1.5% | -89.6% |
| 5-year return | +45.6% | n/a |
| Volatility (ann.) | 53.9% | 248.4% |
| Beta vs S&P 500 | 1.87 | 0.99 |
| Max drawdown (3Y) | -53.8% | -100.0% |
| Market cap | $1,401.3B | – |
| P/E (trailing) | 322.6 | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | TSLA | TWG |
|---|---|---|
| 2022 | -65.0% | – |
| 2023 | +101.7% | – |
| 2024 | +62.5% | – |
| 2025 | +11.4% | -86.8% |
| 2026 | -21.1% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSLA and TWG good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between TSLA and TWG?
As of 2026-08-27, the correlation of weekly returns between TSLA and TWG is -0.20 over 3 years, 0.02 over 1 year and n/a over 5 years.
Is TWG a good diversifier for TSLA?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/tsla-vs-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tsla-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TSLA correlations · TWG correlations
