TWAV vs YELP: Correlation
How closely do TaoWeave, Inc. (TWAV) and Yelp Inc. (YELP) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWAV and YELP?
On 3 years of weekly data the TWAV/YELP correlation comes out at 0.36, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.36). The 5-year figure is 0.33, and annualized covariance runs at 1263.2 %².
By 3-year correlation, YELP places #4 of the 11 assets tracked against TWAV. Correlation aside, the last 12 months split them widely, with YELP ahead by 28.2 points (-56.8% versus -28.6%). One caveat on sizing: TWAV is 3.4 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.
TWAV vs YELP: side by side
| TWAV (TaoWeave, Inc.) | YELP (Yelp Inc.) | |
|---|---|---|
| 1-year return | -56.8% | -28.6% |
| 5-year return | -99.9% | -41.2% |
| Volatility (ann.) | 108.8% | 32.4% |
| Beta vs S&P 500 | 1.85 | 0.57 |
| Max drawdown (3Y) | -97.8% | -59.2% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TWAV | YELP |
|---|---|---|
| 2022 | -88.3% | -24.6% |
| 2023 | -88.9% | +73.2% |
| 2024 | -51.5% | -18.3% |
| 2025 | -53.4% | -21.5% |
| 2026 | -22.7% | -25.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWAV and YELP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TWAV and YELP?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.57 over the last year and 0.33 over 5 years.
Is YELP a good diversifier for TWAV?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-yelp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/twav-vs-yelp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TWAV correlations · YELP correlations
