TWAV vs WOOF: Correlation
How closely do TaoWeave, Inc. (TWAV) and Petco Health and Wellness Company, Inc. (WOOF) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWAV and WOOF?
On 3 years of weekly data the TWAV/WOOF correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.38 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 3443.5 %².
In TWAV's tracked universe of 11 assets, WOOF sits right near the top at #1. The last year tells two different stories: WOOF led by 41.5 percentage points, -56.8% for TWAV against -15.3% for WOOF.
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.
TWAV vs WOOF: side by side
| TWAV (TaoWeave, Inc.) | WOOF (Petco Health and Wellness Company, Inc.) | |
|---|---|---|
| 1-year return | -56.8% | -15.3% |
| 5-year return | -99.9% | -87.2% |
| Volatility (ann.) | 108.8% | 84.1% |
| Beta vs S&P 500 | 1.85 | 1.55 |
| Max drawdown (3Y) | -97.8% | -72.3% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 135.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TWAV | WOOF |
|---|---|---|
| 2022 | -88.3% | -52.1% |
| 2023 | -88.9% | -66.7% |
| 2024 | -51.5% | +20.6% |
| 2025 | -53.4% | -26.2% |
| 2026 | -22.7% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWAV and WOOF good diversifiers for each other?
Reasonably. At 0.38, TWAV and WOOF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TWAV and WOOF?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.21 over the last year and 0.34 over 5 years.
Is WOOF a good diversifier for TWAV?
Reasonably. At 0.38, TWAV and WOOF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/twav-vs-woof.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/twav-vs-woof/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TWAV correlations · WOOF correlations
