BR vs TRI: Correlation
How closely do Broadridge Financial Solutions (BR) and Thomson Reuters Corp (TRI) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and TRI?
Across a 3-year window, the weekly returns of BR and TRI correlate at 0.56, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.56). Stretching to 5 years gives 0.53, with an annualized covariance of 403.9 %².
Within BR's tracked universe of 45 assets, TRI comes in at #14 by 3-year correlation. Over the last 12 months BR came out ahead by 10.0 percentage points (-27.6% against -37.6%).
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.
BR vs TRI: side by side
| BR (Broadridge Financial Solutions) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -27.6% | -37.6% |
| 5-year return | +16.0% | -0.4% |
| Volatility (ann.) | 22.6% | 32.0% |
| Beta vs S&P 500 | 0.65 | 0.53 |
| Max drawdown (3Y) | -48.2% | -62.9% |
| Market cap | $20.9B | $45.4B |
| P/E (trailing) | 18.9 | 27.6 |
| Dividend yield | 2.15% | 2.48% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | TRI |
|---|---|---|
| 2022 | -25.3% | -3.0% |
| 2023 | +56.2% | +30.0% |
| 2024 | +11.7% | +11.1% |
| 2025 | +0.3% | -16.6% |
| 2026 | -17.0% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and TRI good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BR and TRI?
As of 2026-08-27, the correlation of weekly returns between BR and TRI is 0.56 over 3 years, 0.74 over 1 year and 0.53 over 5 years.
Is TRI a good diversifier for BR?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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: BR correlations · TRI correlations
