AMPG vs TRUG: Correlation
Measured on weekly returns over the past three years, Amplitech Group, Inc. (AMPG) and TruGolf Holdings, Inc. (TRUG) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPG and TRUG?
Across a 3-year window, the weekly returns of AMPG and TRUG correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.39, with an annualized covariance of 8631.3 %².
By 3-year correlation, TRUG places #8 of the 15 assets tracked against AMPG. The last year tells two different stories: AMPG led by 120.8 percentage points, +22.2% for AMPG against -98.6% for TRUG. Note the risk asymmetry: AMPG runs 1.6 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.
AMPG vs TRUG: side by side
| AMPG (Amplitech Group, Inc.) | TRUG (TruGolf Holdings, Inc.) | |
|---|---|---|
| 1-year return | +22.2% | -98.6% |
| 5-year return | -0.5% | -100.0% |
| Volatility (ann.) | 178.6% | 114.0% |
| Beta vs S&P 500 | 1.10 | 0.84 |
| Max drawdown (3Y) | -78.6% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPG | TRUG |
|---|---|---|
| 2022 | -46.2% | +8.1% |
| 2023 | -11.3% | +9.7% |
| 2024 | +173.4% | -94.2% |
| 2025 | -41.8% | -97.8% |
| 2026 | +25.1% | -91.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPG and TRUG good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMPG and TRUG?
The AMPG/TRUG correlation stands at 0.42 on a 3-year window (1 year: -0.01, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is TRUG a good diversifier for AMPG?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/ampg-vs-trug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ampg-vs-trug/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMPG correlations · TRUG correlations
