BSY vs TRI: Correlation
How closely do Bentley Systems, Incorporated (BSY) and Thomson Reuters Corp (TRI) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSY and TRI?
Across a 3-year window, the weekly returns of BSY and TRI correlate at 0.60, strong. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.60 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 562.7 %².
TRI is one of the assets that tracks BSY most closely: it ranks #3 out of the 13 assets we track against BSY. Over the last 12 months BSY came out ahead by 6.7 percentage points (-30.9% 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.
BSY vs TRI: side by side
| BSY (Bentley Systems, Incorporated) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -30.9% | -37.6% |
| 5-year return | -40.5% | -0.4% |
| Volatility (ann.) | 29.4% | 32.0% |
| Beta vs S&P 500 | 0.71 | 0.53 |
| Max drawdown (3Y) | -51.3% | -62.9% |
| Market cap | $11.4B | $45.4B |
| P/E (trailing) | 40.9 | 27.6 |
| Dividend yield | 0.76% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSY | TRI |
|---|---|---|
| 2022 | -23.3% | -3.0% |
| 2023 | +41.8% | +30.0% |
| 2024 | -10.1% | +11.1% |
| 2025 | -17.8% | -16.6% |
| 2026 | -1.1% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSY and TRI good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BSY and TRI?
The BSY/TRI correlation stands at 0.60 on a 3-year window (1 year: 0.72, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is TRI a good diversifier for BSY?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 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/bsy-vs-tri.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bsy-vs-tri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSY correlations · TRI correlations
