DAVE vs TRMB: Correlation
Measured on weekly returns over the past three years, Dave Inc. (DAVE) and Trimble Inc. (TRMB) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAVE and TRMB?
Across a 3-year window, the weekly returns of DAVE and TRMB correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 1280.9 %².
By 3-year correlation, TRMB places #5 of the 11 assets tracked against DAVE. Correlation aside, the last 12 months split them widely, with DAVE ahead by 105.1 points (+80.0% versus -25.1%). Risk is not evenly split, since DAVE carries 3.3 times the volatility of the other side.
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.
DAVE vs TRMB: side by side
| DAVE (Dave Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +80.0% | -25.1% |
| 5-year return | +18.4% | -35.7% |
| Volatility (ann.) | 100.5% | 30.9% |
| Beta vs S&P 500 | 2.12 | 1.13 |
| Max drawdown (3Y) | -44.7% | -42.7% |
| Market cap | $4.8B | $14.3B |
| P/E (trailing) | 24.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DAVE | TRMB |
|---|---|---|
| 2022 | -97.2% | -42.0% |
| 2023 | -9.6% | +5.2% |
| 2024 | +936.6% | +32.8% |
| 2025 | +154.7% | +10.9% |
| 2026 | +68.9% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAVE and TRMB good diversifiers for each other?
Reasonably. At 0.41, DAVE and TRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAVE and TRMB?
As of 2026-08-27, the correlation of weekly returns between DAVE and TRMB is 0.41 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is TRMB a good diversifier for DAVE?
Reasonably. At 0.41, DAVE and TRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/dave-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dave-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAVE correlations · TRMB correlations
