EXLS vs TRI: Correlation
How closely do ExlService Holdings, Inc. (EXLS) and Thomson Reuters Corp (TRI) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and TRI?
Across a 3-year window, the weekly returns of EXLS and TRI correlate at 0.61, strong. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.61 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 617.9 %².
Among the 47 assets we track against EXLS, TRI ranks #9 by 3-year correlation. The last year tells two different stories: EXLS led by 24.2 percentage points, -13.4% for EXLS 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.
EXLS vs TRI: side by side
| EXLS (ExlService Holdings, Inc.) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -13.4% | -37.6% |
| 5-year return | +55.2% | -0.4% |
| Volatility (ann.) | 31.7% | 32.0% |
| Beta vs S&P 500 | 0.77 | 0.53 |
| Max drawdown (3Y) | -51.3% | -62.9% |
| Market cap | $5.8B | $45.4B |
| P/E (trailing) | 23.7 | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXLS | TRI |
|---|---|---|
| 2022 | +17.0% | -3.0% |
| 2023 | -9.0% | +30.0% |
| 2024 | +43.9% | +11.1% |
| 2025 | -4.4% | -16.6% |
| 2026 | -10.0% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and TRI good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXLS and TRI?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.73 over the last year and 0.55 over 5 years.
Is TRI a good diversifier for EXLS?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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: EXLS correlations · TRI correlations
