CDW vs TRMB: Correlation
How closely do CDW Corporation (CDW) and Trimble Inc. (TRMB) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and TRMB?
Over the past 3 years, CDW and TRMB moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 475.8 %².
Within CDW's tracked universe of 40 assets, TRMB comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CDW outperformed by 17.1 percentage points (-8.0% for CDW against -25.1% for TRMB). This link changes with the market regime, having swung between 0.19 and 0.71 on a rolling one-year basis.
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.
CDW vs TRMB: side by side
| CDW (CDW Corporation) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -8.0% | -25.1% |
| 5-year return | -20.5% | -35.7% |
| Volatility (ann.) | 34.2% | 30.9% |
| Beta vs S&P 500 | 1.01 | 1.13 |
| Max drawdown (3Y) | -60.4% | -42.7% |
| Market cap | $18.6B | $14.3B |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 1.78% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CDW | TRMB |
|---|---|---|
| 2022 | -11.7% | -42.0% |
| 2023 | +28.8% | +5.2% |
| 2024 | -22.6% | +32.8% |
| 2025 | -20.6% | +10.9% |
| 2026 | +11.1% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and TRMB good diversifiers for each other?
Reasonably. At 0.45, CDW and TRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDW and TRMB?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.42 over the last year and 0.52 over 5 years.
Is TRMB a good diversifier for CDW?
Reasonably. At 0.45, CDW and TRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdw-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdw-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDW correlations · TRMB correlations
