DSGX vs TRI: Correlation
Measured on weekly returns over the past three years, The Descartes Systems Group Inc. (DSGX) and Thomson Reuters Corp (TRI) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and TRI?
On 3 years of weekly data the DSGX/TRI correlation comes out at 0.60, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.60 over 3. The 5-year figure is 0.58, and annualized covariance runs at 606.9 %².
Within DSGX's tracked universe of 26 assets, TRI comes in at #5 by 3-year correlation. The last year tells two different stories: DSGX led by 18.5 percentage points, -19.1% for DSGX against -37.6% for TRI.
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.
DSGX vs TRI: side by side
| DSGX (The Descartes Systems Group Inc.) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -19.1% | -37.6% |
| 5-year return | +3.6% | -0.4% |
| Volatility (ann.) | 31.5% | 32.0% |
| Beta vs S&P 500 | 0.86 | 0.53 |
| Max drawdown (3Y) | -48.7% | -62.9% |
| Market cap | $6.9B | $45.4B |
| P/E (trailing) | 38.6 | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | TRI |
|---|---|---|
| 2022 | -15.8% | -3.0% |
| 2023 | +20.7% | +30.0% |
| 2024 | +35.1% | +11.1% |
| 2025 | -22.8% | -16.6% |
| 2026 | -8.0% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and TRI good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DSGX and TRI?
The DSGX/TRI correlation stands at 0.60 on a 3-year window (1 year: 0.65, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is TRI a good diversifier for DSGX?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Hubs: DSGX correlations · TRI correlations
