ECO vs TRMD: Correlation
Measured on weekly returns over the past three years, Okeanis Eco Tankers Corp. (ECO) and TORM plc (TRMD) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECO and TRMD?
On 3 years of weekly data the ECO/TRMD correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1229.7 %².
Within ECO's tracked universe of 13 assets, TRMD comes in at #4 by 3-year correlation. The last year tells two different stories: ECO led by 128.4 percentage points, +189.8% for ECO against +61.4% for TRMD.
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.
ECO vs TRMD: side by side
| ECO (Okeanis Eco Tankers Corp.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +189.8% | +61.4% |
| 5-year return | n/a | +679.6% |
| Volatility (ann.) | 44.3% | 39.6% |
| Beta vs S&P 500 | 0.52 | 0.60 |
| Max drawdown (3Y) | -46.1% | -60.6% |
| Market cap | $2.6B | $3.3B |
| P/E (trailing) | 5.8 | 5.2 |
| Dividend yield | 0.00% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECO | TRMD |
|---|---|---|
| 2022 | – | +297.7% |
| 2023 | – | +31.6% |
| 2024 | -11.7% | -23.5% |
| 2025 | +64.2% | +11.3% |
| 2026 | +128.8% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECO and TRMD good diversifiers for each other?
Only partially. A correlation of 0.70 means ECO and TRMD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ECO and TRMD?
The ECO/TRMD correlation stands at 0.70 on a 3-year window (1 year: 0.75, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRMD a good diversifier for ECO?
Only partially. A correlation of 0.70 means ECO and TRMD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eco-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eco-vs-trmd/)
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Related comparisons
Hubs: ECO correlations · TRMD correlations
