AX vs TRMK: Correlation
How closely do Axos Financial, Inc. (AX) and Trustmark Corporation (TRMK) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AX and TRMK?
Over the past 3 years, AX and TRMK moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 861.7 %².
Among the 15 assets we track against AX, TRMK ranks #5 by 3-year correlation. Over the last 12 months TRMK came out ahead by 11.0 percentage points (+5.5% against +16.5%).
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.
AX vs TRMK: side by side
| AX (Axos Financial, Inc.) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | +5.5% | +16.5% |
| 5-year return | +99.7% | +69.7% |
| Volatility (ann.) | 38.3% | 27.0% |
| Beta vs S&P 500 | 1.12 | 0.91 |
| Max drawdown (3Y) | -34.9% | -22.0% |
| Market cap | $5.5B | $2.7B |
| P/E (trailing) | 11.6 | 11.8 |
| Dividend yield | 0.00% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AX | TRMK |
|---|---|---|
| 2022 | -31.6% | +10.7% |
| 2023 | +42.9% | -17.0% |
| 2024 | +27.9% | +30.6% |
| 2025 | +23.4% | +13.0% |
| 2026 | +13.0% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AX and TRMK good diversifiers for each other?
No: a correlation of 0.83 means AX and TRMK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AX and TRMK?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.75 over the last year and 0.70 over 5 years.
Is TRMK a good diversifier for AX?
No: a correlation of 0.83 means AX and TRMK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AX correlations · TRMK correlations
