# How Twilio (TWLO) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/twlo
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on TWLO alone. It places TWLO (Twilio Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where TWLO stands in the market, and of the alternatives worth a closer look.

Period covered: TWLO's full trading record, from June 2016 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** Over the past 6 months, TWLO rose 77.6% against 9.1% for the S&P 500 and 11.2% for the Nasdaq 100. Even so, TWLO is 41.7% below its high, bear-market territory, while the S&P 500 sits 1.3% below a record.
- **Stock or market?:** More than an industry move: TWLO rose 26.0% over the past 3 months, against 15.0% for the software ETF IGV (iShares Expanded Tech-Software Sector ETF). The S&P 500 rose 3.9%. Its software peers did not move as one over the past 3 months: RNG (RingCentral) rose 101%, while DOCN (DigitalOcean) fell 16.5%.
- **Past 1 to 3 years:** TWLO has run far ahead of the market, rising 137% over the past year against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. The same gap shows up over 3 years (385% against 89.3%). TWLO finished ahead of the S&P 500 in both 2024 and 2025.
- **Long term:** TWLO turned $10,000 into $58,600 over the past decade, against $42,100 in the S&P 500. That said, the past 5 years only trailed the S&P 500 (29.4% against 81.7%), after a much stronger decade (486% against 321%).
- **In a crash:** The 2022 bear market took 73.7% off TWLO, against 24.5% for the S&P 500. That was more than CRM (Salesforce, 42.7%) but less than RNG (RingCentral, 82.5%). TWLO fell further than the S&P 500 in four of the last four sell-offs, including the 2022 bear market (73.7% against 24.5%).
- **Diversification:** Against the S&P 500, TWLO has a correlation of 0.38 over 5 years, less closely than 54% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge.
- **Better options**
  - **Popular alternatives:** GOOG (Alphabet), MSFT (Microsoft) and AMZN (Amazon.com) earned more than TWLO with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against a loss of 6.7% a year at 61.1%.
  - **Nearby categories and themes:** MU (Micron Technology, semiconductors) and TSM (Taiwan Semiconductor Manufacturing, semiconductors) earned more than TWLO with less volatility over the past 5 years. MU returned 68.1% a year at 57.1% volatility, against a loss of 6.7% a year at 61.1%.
  - **Whole market:** 2,696 of the 3,633 stocks and funds worth at least $500 million earned more than TWLO with less volatility over the past 5 years, among them NVDA (NVIDIA), AAPL (Apple) and GOOG (Alphabet).

## How much would $10,000 in TWLO have grown?

This chart tracks a hypothetical $10,000 investment in TWLO over the past 10 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of TWLO over the same span and TWLO's popular alternatives, among those that traded for the entire period.

- $10,000 invested in TWLO at the end of September 2016 would have grown to $45,439 by September 2026, more than the $41,286 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of TWLO, and MU finished highest, at $614,171.

## TWLO at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- TWLO is still 41.7% below its all-time high.
- TWLO's deepest decline since it began trading in 2016 was 90.4%, from February 2021 to November 2022. It has not yet climbed back to that peak.
- Over nine full calendar years, TWLO's best was 2018, when it returned 278%, and its worst was 2022, when it lost 81.4%. It lost money in three of those years.

- Type: Stock, Technology (Software - Infrastructure)
- Trading since: June 23, 2016
- Market value: $40B
- Volatility (5 years): 61.1%; Sharpe ratio: 0.19
- Worst decline ever: −90.4%, from February 18, 2021 to November 4, 2022; not yet back at its high

| Period | TWLO total return |
| --- | --- |
| 1 month | −2.8% |
| 3 months | +26.0% |
| 6 months | +77.6% |
| year to date | +87.0% |
| 1 year | +137% |
| 3 years | +385% |
| 5 years | −29.4% |
| 10 years | +486% |

## TWLO against the whole market

Where TWLO ranks among every stock and fund, and what across the market has done better.

### How does TWLO rank among all stocks?

This section ranks TWLO on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- TWLO's 1-year return ranks in the top 3% of the 3,287 stocks worth at least $300 million with 1 year of history.
- TWLO's worst decline of the past 10 years ranks in the bottom 11% of the 2,187 stocks worth at least $300 million, where the top fell the least.

| Measure | TWLO | Rank |
| --- | --- | --- |
| 1-year return | +137% | 93 of 3,287 (top 3%) |
| 3-year return | +385% | 161 of 3,017 (top 6%) |
| 5-year return | −29.4% | 2,146 of 2,893 (top 75%) |
| 10-year return | +486% | 321 of 2,202 (top 15%) |
| Volatility, 5 years | 61.1% | 2,315 of 2,893 (top 81%) |
| Sharpe ratio, 5 years | 0.19 | 1,857 of 2,893 (top 65%) |
| Worst decline, past 10 years | −90.4% | 1,938 of 2,187 (top 89%) |

### What has beaten TWLO on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 1,707 stocks and 989 ETFs worth at least $500 million sit in the green region: each earned more than TWLO over the past 5 years with smaller price swings. That is 74% of the 3,633 screened.
- Among those with at least half TWLO's swings, FIX has the best return for its risk: 77.0% a year at 46.7% volatility, 24% less than TWLO's 61.1%, and a Sharpe ratio (return above cash per unit of volatility) of 1.46 against 0.19 for TWLO. BELFB earned the most, 78.0% a year, while still swinging less than TWLO (52.1% against 61.1%).
- Among TWLO's popular alternatives, GOOG, MSFT and T are in the region. GOOG earned 19.0% a year against a loss of 6.7% a year for TWLO, at 32.0% volatility, 48% less than TWLO's 61.1%.

### Is there a better investment than TWLO?

The table below lists investments that beat TWLO over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among TWLO's popular alternatives, GOOG, MSFT and AMZN earned more than TWLO with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against a loss of 6.7% a year at 61.1%.
- Looking beyond its popular alternatives, MU (semiconductors) and TSM (semiconductors) earned more than TWLO with less volatility over the past 5 years. MU returned 68.1% a year at 57.1% volatility, against a loss of 6.7% a year at 61.1%.
- Across the whole market, 2,696 of the 3,633 stocks and funds worth at least $500 million earned more than TWLO with less volatility over the past 5 years, among them NVDA, AAPL and GOOG.

The 15 strongest of 2,696 investments that beat TWLO over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with TWLO | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| TWLO: Twilio Inc. (this page) |  | −6.7% | 61.1% | 0.19 | −90.4% | +486% |  |  |
| [MPC](https://easycompare.io/research/mpc): Marathon Petroleum Corporation | Oil & Gas | +51.2% | 33.4% | 1.41 | −79.7% | +1,387% | -0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [DELL](https://easycompare.io/research/dell): Dell Technologies Inc. | Computer Hardware | +55.2% | 54.4% | 1.08 | −59.6% | +3,701% | 0.31 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VLO](https://easycompare.io/research/vlo): Valero Energy Corporation | Oil & Gas | +44.2% | 36.9% | 1.18 | −71.9% | +1,061% | 0.00 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [LLY](https://easycompare.io/research/lly): Eli Lilly and Company | Pharmaceuticals | +40.7% | 32.8% | 1.21 | −34.5% | +1,807% | -0.05 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [MU](https://easycompare.io/research/mu): Micron Technology, Inc. | Semiconductors | +68.1% | 57.1% | 1.20 | −57.6% | +5,243% | 0.37 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [NTRA](https://easycompare.io/research/ntra): Natera, Inc. | Medical Diagnostics | +29.3% | 57.6% | 0.74 | −77.7% | +3,841% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [P](https://easycompare.io/research/p): Everpure, Inc. | Computer Hardware | +37.3% | 55.0% | 0.85 | −69.4% | +899% | 0.33 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [WMT](https://easycompare.io/research/wmt): Walmart Inc. | Discount Retail | +20.8% | 22.6% | 0.96 | −25.7% | +508% | -0.04 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [NTAP](https://easycompare.io/research/ntap): NetApp, Inc. | Computer Hardware | +20.9% | 35.3% | 0.71 | −58.1% | +691% | 0.43 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | Banks | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.32 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [ABBV](https://easycompare.io/research/abbv): AbbVie Inc. | Pharmaceuticals | +26.1% | 23.4% | 1.11 | −45.1% | +603% | -0.19 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| DINO: HF Sinclair Corporation | Oil & Gas | +31.8% | 38.8% | 0.91 | −77.3% | +649% | 0.02 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| FRO: Frontline Plc | Oil & Gas | +52.6% | 49.7% | 1.10 | −52.0% | +1,194% | -0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [COST](https://easycompare.io/research/cost): Costco Wholesale Corporation | Discount Retail | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.10 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |
| [QQQ](https://easycompare.io/research/qqq): Invesco QQQ Trust, Series 1 | US Large-Cap Growth | +14.5% | 23.0% | 0.71 | −35.1% | +553% | 0.50 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Smaller losses in recent crashes |

## TWLO against its popular alternatives

The investments people most often weigh against TWLO, compared period by period and year by year.

### How do TWLO's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- Seven of the 18 popular alternatives, led by GOOG, MSFT and T, were both more rewarding and calmer than TWLO over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, TWLO returned -6.7% a year, less than the S&P 500's 12.7%, with higher volatility (61.1% against 17.1%).

### Has TWLO consistently beaten its popular alternatives?

This section compares TWLO with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- None of the 20 popular alternatives outperformed TWLO in at least 3 of 5 short-term and 2 of 3 long-term timeframes. The closest was MSFT.
- GOOG, MSFT and T earned more for the risk they took than TWLO (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of TWLO | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| TWLO: Twilio Inc. (this page) | +137% | +385% | −29.4% | +486% |  |  | 0.19 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | +3.8% | +66.6% | +80.3% | +946% | 2/5 short-term, 2/3 long-term |  | 0.56 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | +21.3% | +110% | +53.8% | +548% | 1/5 short-term, 2/3 long-term |  | 0.42 |
| [GOOG](https://easycompare.io/research/goog): Alphabet Inc. | +31.2% | +148% | +138% | +752% | 0/5 short-term, 2/3 long-term |  | 0.71 |
| [CRM](https://easycompare.io/research/crm): Salesforce, Inc. | −3.9% | +21.3% | −14.8% | +240% | 2/5 short-term, 1/3 long-term |  | 0.12 |
| BLKB: Blackbaud, Inc. | −16.8% | −22.0% | −27.2% | −14.1% | 2/5 short-term, 1/3 long-term |  | 0.02 |
| DOCN: DigitalOcean Holdings, Inc. | +142% | +362% | +10.1% | — | 2/5 short-term, 1/3 long-term |  | 0.39 |
| [T](https://easycompare.io/research/t): AT&T Inc. | −5.9% | +77.2% | +59.7% | +60.7% | 0/5 short-term, 1/3 long-term |  | 0.50 |
| [VZ](https://easycompare.io/research/vz): Verizon Communications Inc. | +16.4% | +71.5% | +14.4% | +55.8% | 0/5 short-term, 1/3 long-term |  | 0.23 |
| RNG: RingCentral, Inc. | +197% | +197% | −66.0% | +270% | 5/5 short-term, 0/3 long-term |  | -0.02 |
| BAND: Bandwidth Inc. | +179% | +351% | −50.0% | — | 3/5 short-term, 0/3 long-term |  | 0.23 |
| BRZE: Braze, Inc. | +65.6% | +4.1% | — | — | 3/5 short-term, 0/3 long-term |  | — |
| SPT: Sprout Social, Inc. | +16.1% | −72.2% | −90.0% | — | 3/5 short-term, 0/3 long-term |  | -0.32 |
| FIVN: Five9, Inc. | +53.0% | −42.9% | −78.4% | +141% | 2/5 short-term, 0/3 long-term |  | -0.24 |
| FRSH: Freshworks Inc. | +32.4% | −19.9% | −67.1% | — | 2/5 short-term, 0/3 long-term |  | -0.10 |
| HUBS: HubSpot, Inc. | −44.5% | −41.6% | −68.5% | +377% | 1/5 short-term, 0/3 long-term |  | -0.11 |
| NICE: NICE Ltd. | −13.4% | −26.8% | −58.5% | +71.8% | 1/5 short-term, 0/3 long-term |  | -0.22 |
| EGHT: 8x8, Inc. | +13.4% | −5.4% | −91.1% | −85.6% | 1/5 short-term, 0/3 long-term |  | -0.25 |
| CXM: Sprinklr, Inc. | −16.9% | −51.4% | −61.9% | — | 1/5 short-term, 0/3 long-term |  | -0.13 |
| KVYO: Klaviyo, Inc. | −19.4% | −32.4% | — | — | 1/5 short-term, 0/3 long-term |  | — |
| ZM: Zoom Communications, Inc. | +19.0% | +57.9% | −64.7% | — | 1/5 short-term, 0/3 long-term |  | -0.25 |

### How did TWLO do year by year?

This table shows each investment's total return in every full calendar year since 2017, along with where TWLO ranked among its popular alternatives each year.

- TWLO finished ahead of the S&P 500 in five of its nine full calendar years, and ahead of it in each of the last three.
- Among its popular alternatives, AMZN came out ahead of TWLO most often, in six of the nine years both traded.
- Ranked against its popular alternatives each year, TWLO finished in the top quarter in four of nine years and in the bottom quarter in three. In 2025, it ranked 3 of 21.

| Year | TWLO | SPY |
| --- | --- | --- |
| 2025 | +31.6% | +17.7% |
| 2024 | +42.4% | +24.9% |
| 2023 | +55.0% | +26.2% |
| 2022 | −81.4% | −18.2% |
| 2021 | −22.2% | +28.7% |
| 2020 | +244% | +18.3% |
| 2019 | +10.1% | +31.2% |
| 2018 | +278% | −4.6% |
| 2017 | −18.2% | +21.7% |

## Risk and diversification

How TWLO has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were TWLO's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of TWLO's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: TWLO fell 90.4% from February 2021 to November 2022, while the S&P 500 slipped only 1.3%.
- The longest climb back to a previous high took 15 months, after TWLO fell 66.4% from September 2016 to May 2017.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −90.4% | February 18, 2021 | November 4, 2022 | not yet | −1.3% | 2022 bear market |
| −66.4% | September 28, 2016 | May 9, 2017 | August 7, 2018 | +11.7% |  |
| −52.2% | July 26, 2019 | March 16, 2020 | May 7, 2020 | −19.8% | Covid crash |
| −27.1% | September 25, 2018 | October 24, 2018 | November 7, 2018 | −8.8% | late-2018 sell-off |
| −22.5% | August 3, 2020 | September 17, 2020 | October 2, 2020 | +2.1% |  |

### How did TWLO do in stock market crashes?

This section measures how far TWLO, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- TWLO fell further than the S&P 500 in four of the five crashes it has traded through. The clearest case was the 2022 bear market, when TWLO fell 73.7% and the S&P 500 fell 24.5%.
- Among its popular alternatives, FIVN held up best, falling less than TWLO in all five crashes they both traded through.
- TWLO began trading after the 2008 financial crisis, but nine of its popular alternatives lived through it. The mildest fall among them was VZ's 43.9%, against 55.2% for the S&P 500.

| Crash | Dates | TWLO fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | not trading | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | not trading | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | not trading | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | not trading | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −6.4% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −27.1% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −44.0% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −73.7% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −12.3% | −3.4% |

### How closely does TWLO move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Only MSFT, GOOG and AMZN had a higher capture ratio (upside capture divided by downside capture) than TWLO's 0.92, out of 12 popular alternatives with the same record.
- MSFT took just 91% of the S&P 500's losses, against 129% for TWLO, while still keeping 127% of its gains.
- Over the past 10 years, TWLO captured 119% of the S&P 500's gains in rising months and 129% of its losses in falling months, with a beta of 1.44. It amplified the market's moves in both directions.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| TWLO: Twilio Inc. (this page) | 119% | 129% | 1.44 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | 127% | 91.0% | 0.96 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | 134% | 139% | 1.31 |
| [GOOG](https://easycompare.io/research/goog): Alphabet Inc. | 132% | 110% | 1.12 |
| [CRM](https://easycompare.io/research/crm): Salesforce, Inc. | 115% | 143% | 1.16 |
| BLKB: Blackbaud, Inc. | 82.0% | 189% | 1.07 |
| [T](https://easycompare.io/research/t): AT&T Inc. | 47.0% | 62.0% | 0.50 |
| [VZ](https://easycompare.io/research/vz): Verizon Communications Inc. | 44.0% | 60.0% | 0.36 |
| RNG: RingCentral, Inc. | 114% | 144% | 0.93 |
| FIVN: Five9, Inc. | 85.0% | 114% | 1.05 |
| HUBS: HubSpot, Inc. | 121% | 149% | 1.46 |
| NICE: NICE Ltd. | 65.0% | 94.0% | 0.78 |
| EGHT: 8x8, Inc. | 43.0% | 211% | 1.52 |

### What diversifies TWLO?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in TWLO into GLD would have cut the portfolio's volatility by 21% over the past 5 years and raised its annual return (-1.7% for TWLO alone, +5.1% for the mix).
- HDV made money in three of the three calendar years in which TWLO lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of TWLO over the past 5 years, with correlations of 0.05 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with TWLO | 5Y return | Volatility | Sharpe | Rose in TWLO's 3 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | -0.05 | +119% | 11.1% | 1.48 | 3 of 3 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.05 | +225% | 19.1% | 1.34 | 3 of 3 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.01 | +101% | 14.5% | 1.04 | 3 of 3 |
| HDV: iShares Core High Dividend ETF | -0.09 | +83.3% | 13.0% | 1.00 | 3 of 3 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.41 | +323% | 36.9% | 0.97 | 2 of 3 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.22 | +85.0% | 13.8% | 0.96 | 2 of 3 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | -0.12 | +126% | 18.9% | 0.96 | 1 of 3 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.35 | +136% | 20.8% | 0.93 | 2 of 3 |

## Common questions

### What was TWLO's worst drawdown?

TWLO's deepest decline since it began trading in 2016 was 90.4%, from February 2021 to November 2022. It has not yet climbed back to that peak. Because TWLO launched in June 2016, that record does not include the dot-com bust, the 2008 financial crisis or three other sell-offs.

### What were TWLO's best and worst years?

Over nine full calendar years, TWLO's best year was 2018, when it returned 278%. Its worst was 2022, with a return of -81.4%.

### Is there a better investment than TWLO?

Among TWLO's popular alternatives, GOOG, MSFT and AMZN earned more than TWLO with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against a loss of 6.7% a year at 61.1%. Looking beyond its popular alternatives, MU (semiconductors) and TSM (semiconductors) earned more than TWLO with less volatility over the past 5 years. MU returned 68.1% a year at 57.1% volatility, against a loss of 6.7% a year at 61.1%.

### Is TWLO more volatile than the S&P 500?

Yes. TWLO's volatility over the past 5 years was 61.1%, 3.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TWLO's return lands within 61.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is TWLO's Sharpe ratio?

TWLO's Sharpe ratio over the past 5 years was 0.19, against 0.79 for the S&P 500, so TWLO earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is TWLO with the S&P 500?

Over the past 5 years, TWLO's monthly returns had a correlation of 0.38 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against TWLO instead: the lower it is, the more that option would diversify a TWLO holding.

### What are the best alternatives to TWLO?

None of the 20 popular alternatives we compared outperformed TWLO in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about TWLO's strength than about its alternatives.

### Did TWLO outperform the S&P 500?

TWLO finished ahead of the S&P 500 (SPY) in five of nine full calendar years. In 2025, it returned +31.6%, against +17.7% for the index.

### How did TWLO do in stock market crashes?

TWLO fell less than the S&P 500 (SPY) in none of the five major crashes it has traded through, and further in four. The clearest case was the 2022 bear market, when TWLO fell 73.7% and the S&P 500 fell 24.5%.

### What diversifies TWLO?

These had a low correlation with TWLO over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation -0.05), DXJ (correlation 0.05) and EMLP (correlation 0.01); among large stocks, CAH (correlation 0.06), CLS (correlation 0.48) and FIX (correlation 0.21). A correlation near zero means the two have moved largely independently.

## More research

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- [Apple (AAPL) Performance, Alternatives and Market Rank](https://easycompare.io/research/aapl)
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## Explore further

- Full page with charts: https://easycompare.io/research/twlo
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against TWLO live: https://betterthanspy.com/?b=TWLO&utm_source=easycompare&utm_medium=research