CMI vs TRI: Correlation
Measured on weekly returns over the past three years, Cummins (CMI) and Thomson Reuters Corp (TRI) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMI and TRI?
Over the past 3 years, CMI and TRI moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.20 over 3 years. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -165.7 %².
Among the 36 assets we track against CMI, TRI sits near the bottom by co-movement, at rank #32. Correlation aside, the last 12 months split them widely, with CMI ahead by 82.7 points (+45.1% versus -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.
CMI vs TRI: side by side
| CMI (Cummins) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | +45.1% | -37.6% |
| 5-year return | +169.6% | -0.4% |
| Volatility (ann.) | 25.9% | 32.0% |
| Beta vs S&P 500 | 1.05 | 0.53 |
| Max drawdown (3Y) | -30.5% | -62.9% |
| Market cap | $79.0B | $45.4B |
| P/E (trailing) | 29.6 | 27.6 |
| Dividend yield | 1.38% | 2.48% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CMI | TRI |
|---|---|---|
| 2022 | +14.1% | -3.0% |
| 2023 | +1.7% | +30.0% |
| 2024 | +48.9% | +11.1% |
| 2025 | +49.4% | -16.6% |
| 2026 | +13.6% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMI and TRI good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMI and TRI?
The CMI/TRI correlation stands at -0.20 on a 3-year window (1 year: -0.44, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is TRI a good diversifier for CMI?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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: CMI correlations · TRI correlations
