TWG vs VEEA: Correlation
Top Wealth Group Holding Limited - Class A (TWG) and Veea Inc. (VEEA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWG and VEEA?
Over the past 3 years, TWG and VEEA moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5744.1 %².
Out of 16 assets tracked against TWG, VEEA lands near the bottom at #13. The trailing year gives VEEA the advantage: -89.6% versus -83.4%, a 6.2-point spread. Note the risk asymmetry: TWG runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TWG vs VEEA: side by side
| TWG (Top Wealth Group Holding Limited - Class A) | VEEA (Veea Inc.) | |
|---|---|---|
| 1-year return | -89.6% | -83.4% |
| 5-year return | n/a | -99.0% |
| Volatility (ann.) | 248.4% | 89.4% |
| Beta vs S&P 500 | 0.99 | 1.23 |
| Max drawdown (3Y) | -100.0% | -99.2% |
| Market cap | – | – |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TWG | VEEA |
|---|---|---|
| 2022 | – | +3.6% |
| 2023 | – | +7.6% |
| 2024 | – | -64.9% |
| 2025 | -86.8% | -83.3% |
| 2026 | -83.3% | -84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWG and VEEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between TWG and VEEA?
The TWG/VEEA correlation stands at -0.23 on a 3-year window (1 year: 0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VEEA a good diversifier for TWG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: TWG correlations · VEEA correlations
