BILL vs TRMB: Correlation
How closely do BILL Holdings, Inc. (BILL) and Trimble Inc. (TRMB) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BILL and TRMB?
Over the past 3 years, BILL and TRMB moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 899.1 %².
In BILL's tracked universe of 13 assets, TRMB sits right near the top at #2. Correlation aside, the last 12 months split them widely, with BILL ahead by 42.5 points (+17.4% versus -25.1%). Risk is not evenly split, since BILL carries 1.8 times the volatility of the other side.
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.
BILL vs TRMB: side by side
| BILL (BILL Holdings, Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +17.4% | -25.1% |
| 5-year return | -82.7% | -35.7% |
| Volatility (ann.) | 57.0% | 30.9% |
| Beta vs S&P 500 | 1.26 | 1.13 |
| Max drawdown (3Y) | -73.0% | -42.7% |
| Market cap | $4.9B | $14.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BILL | TRMB |
|---|---|---|
| 2022 | -56.3% | -42.0% |
| 2023 | -25.1% | +5.2% |
| 2024 | +3.8% | +32.8% |
| 2025 | -35.6% | +10.9% |
| 2026 | -10.4% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BILL and TRMB good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BILL and TRMB?
The BILL/TRMB correlation stands at 0.51 on a 3-year window (1 year: 0.45, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for BILL?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/bill-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bill-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BILL correlations · TRMB correlations
