AHCO vs TRX: Correlation
AdaptHealth Corp. (AHCO) and TRX Gold Corporation (TRX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and TRX?
On 3 years of weekly data the AHCO/TRX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.22). The 5-year figure is -0.12, and annualized covariance runs at -835.6 %².
Within AHCO's tracked universe of 21 assets, TRX comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRX outperformed by 275.9 percentage points (-37.0% for AHCO against +238.9% for TRX).
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.
AHCO vs TRX: side by side
| AHCO (AdaptHealth Corp.) | TRX (TRX Gold Corporation) | |
|---|---|---|
| 1-year return | -37.0% | +238.9% |
| 5-year return | -75.6% | +197.6% |
| Volatility (ann.) | 62.0% | 61.2% |
| Beta vs S&P 500 | 0.40 | 0.56 |
| Max drawdown (3Y) | -61.0% | -68.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | TRX |
|---|---|---|
| 2022 | -21.4% | -15.0% |
| 2023 | -62.1% | +11.8% |
| 2024 | +30.6% | -18.4% |
| 2025 | +4.6% | +196.8% |
| 2026 | -41.8% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and TRX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AHCO and TRX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.36 over the last year and -0.12 over 5 years.
Is TRX a good diversifier for AHCO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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
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Related comparisons
Hubs: AHCO correlations · TRX correlations
