TWFG vs WTW: Correlation
Measured on weekly returns over the past three years, TWFG, Inc. (TWFG) and Willis Towers Watson (WTW) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWFG and WTW?
On 3 years of weekly data the TWFG/WTW correlation comes out at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.48). The 5-year figure is n/a, and annualized covariance runs at 518.5 %².
Among the 23 assets we track against TWFG, WTW ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +4.6% for TWFG and +4.2% for WTW. One caveat on sizing: TWFG is 1.8 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.
TWFG vs WTW: side by side
| TWFG (TWFG, Inc.) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | +4.6% | +4.2% |
| 5-year return | n/a | +68.3% |
| Volatility (ann.) | 43.1% | 23.5% |
| Beta vs S&P 500 | 0.36 | 0.32 |
| Max drawdown (3Y) | -52.7% | -30.4% |
| Market cap | $0.4B | $31.5B |
| P/E (trailing) | 52.2 | 21.2 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | TWFG | WTW |
|---|---|---|
| 2022 | – | +4.5% |
| 2023 | – | +0.1% |
| 2024 | – | +31.5% |
| 2025 | -6.6% | +6.1% |
| 2026 | +1.7% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWFG and WTW good diversifiers for each other?
Reasonably. At 0.48, TWFG and WTW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TWFG and WTW?
As of 2026-08-27, the correlation of weekly returns between TWFG and WTW is 0.48 over 3 years, 0.60 over 1 year and n/a over 5 years.
Is WTW a good diversifier for TWFG?
Reasonably. At 0.48, TWFG and WTW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/twfg-vs-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/twfg-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TWFG correlations · WTW correlations
