TWLO vs. MANH
TWLO (Twilio Inc.) and MANH (Manhattan Associates, Inc.) are both stocks. TWLO operates in Internet Content & Information (Communication Services), while MANH operates in Software - Application (Technology). Over the past 10 years, TWLO returned 18.81%/yr vs 9.28%/yr for MANH. At a 0.48 correlation, their price movements are largely independent.
Performance
TWLO vs. MANH - Performance Comparison
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Returns By Period
In the year-to-date period, TWLO achieves a 50.84% return, which is significantly higher than MANH's -10.62% return. Over the past 10 years, TWLO has outperformed MANH with an annualized return of 18.81%, while MANH has yielded a comparatively lower 9.28% annualized return.
TWLO
- 1D
- -1.85%
- 1M
- 3.84%
- 6M
- 63.30%
- YTD
- 50.84%
- 1Y
- 89.61%
- 3Y*
- 48.64%
- 5Y*
- -11.37%
- 10Y*
- 18.81%
MANH
- 1D
- -1.10%
- 1M
- 10.41%
- 6M
- -11.81%
- YTD
- -10.62%
- 1Y
- -21.03%
- 3Y*
- -7.74%
- 5Y*
- 0.96%
- 10Y*
- 9.28%
TWLO vs. MANH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWLO Twilio Inc. | 50.84% | 31.61% | 42.45% | 54.96% | -81.41% | -22.20% | 244.42% | 10.06% | 278.39% | -18.20% |
MANH Manhattan Associates, Inc. | -10.62% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
Correlation
The correlation between TWLO and MANH is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2016 | 0.48 |
The correlation between TWLO and MANH has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
Fundamentals
TWLO:
$32.56B
MANH:
$9.16B
TWLO:
$0.66
MANH:
$3.58
TWLO:
322.88
MANH:
43.29
TWLO:
6.33
MANH:
8.52
TWLO:
4.35
MANH:
45.33
TWLO:
$5.30B
MANH:
$1.10B
TWLO:
$2.59B
MANH:
$456.06M
TWLO:
$304.06M
MANH:
$297.27M
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Return for Risk
TWLO vs. MANH — Risk / Return Rank
TWLO
MANH
TWLO vs. MANH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Twilio Inc. (TWLO) and Manhattan Associates, Inc. (MANH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TWLO | MANH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.93 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.48 | +3.23 |
| Martin ratioReturn relative to average drawdown | 5.94 | -0.78 | +6.72 |
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Drawdowns
TWLO vs. MANH - Drawdown Comparison
The maximum TWLO drawdown since its inception was -90.36%, roughly equal to the maximum MANH drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for TWLO and MANH.
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Drawdown Indicators
| TWLO | MANH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.36% | -87.04% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -30.34% | -46.97% | +16.63% |
Max Drawdown (3Y)Largest decline over 3 years | -45.17% | -60.98% | +15.81% |
Max Drawdown (5Y)Largest decline over 5 years | -89.57% | -60.98% | -28.59% |
Max Drawdown (10Y)Largest decline over 10 years | -90.36% | -60.98% | -29.38% |
Current DrawdownCurrent decline from peak | -51.62% | -50.00% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -49.55% | -39.52% | -10.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 28.73% | -14.72% |
Volatility
TWLO vs. MANH - Volatility Comparison
The current volatility for Twilio Inc. (TWLO) is 9.22%, while Manhattan Associates, Inc. (MANH) has a volatility of 13.69%. This indicates that TWLO experiences smaller price fluctuations and is considered to be less risky than MANH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWLO | MANH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 13.69% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 43.65% | 34.65% | +9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.51% | 40.27% | +20.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.28% | 38.51% | +20.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 39.55% | +20.36% |
Dividends
TWLO vs. MANH - Dividend Comparison
Neither TWLO nor MANH has paid dividends to shareholders.
Financials
TWLO vs. MANH - Financials Comparison
This section allows you to compare key financial metrics between Twilio Inc. and Manhattan Associates, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TWLO vs. MANH - Profitability Comparison
TWLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Twilio Inc. reported a gross profit of 684.24M and revenue of 1.41B. Therefore, the gross margin over that period was 48.6%.
MANH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Manhattan Associates, Inc. reported a gross profit of 0.00 and revenue of 282.22M. Therefore, the gross margin over that period was 0.0%.
TWLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Twilio Inc. reported an operating income of 107.67M and revenue of 1.41B, resulting in an operating margin of 7.7%.
MANH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Manhattan Associates, Inc. reported an operating income of 64.94M and revenue of 282.22M, resulting in an operating margin of 23.0%.
TWLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Twilio Inc. reported a net income of 90.14M and revenue of 1.41B, resulting in a net margin of 6.4%.
MANH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Manhattan Associates, Inc. reported a net income of 49.30M and revenue of 282.22M, resulting in a net margin of 17.5%.
Frequently Asked Questions
TWLO and MANH have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (13.69%) compared to TWLO (9.22%). In terms of maximum drawdown, TWLO dropped -90.36% vs MANH's -87.04%.
TWLO currently has the higher Sharpe Ratio (1.38 vs -0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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