CTRM vs TORO: Correlation
Measured on weekly returns over the past three years, Castor Maritime Inc. (CTRM) and Toro Corp. (TORO) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRM and TORO?
Over the past 3 years, CTRM and TORO moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1389.1 %².
By 3-year correlation, TORO places #4 of the 12 assets tracked against CTRM. Correlation aside, the last 12 months split them widely, with TORO ahead by 264.2 points (+12.1% versus +276.3%). One caveat on sizing: TORO is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CTRM vs TORO: side by side
| CTRM (Castor Maritime Inc.) | TORO (Toro Corp.) | |
|---|---|---|
| 1-year return | +12.1% | +276.3% |
| 5-year return | -89.2% | n/a |
| Volatility (ann.) | 51.7% | 78.4% |
| Beta vs S&P 500 | 0.35 | 0.97 |
| Max drawdown (3Y) | -72.3% | -71.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | 0.7 | 311.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRM | TORO |
|---|---|---|
| 2022 | -21.1% | – |
| 2023 | -62.1% | – |
| 2024 | -35.3% | -42.9% |
| 2025 | -24.7% | +87.9% |
| 2026 | +15.9% | +96.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRM and TORO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTRM and TORO?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is TORO a good diversifier for CTRM?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/ctrm-vs-toro.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctrm-vs-toro/)
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Related comparisons
Hubs: CTRM correlations · TORO correlations
