FRGT vs TRS: Correlation
Freight Technologies, Inc. (FRGT) and TriMas Corporation (TRS) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRGT and TRS?
Over the past 3 years, FRGT and TRS moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1353.2 %².
By 3-year correlation, TRS places #5 of the 11 assets tracked against FRGT. The last year tells two different stories: TRS led by 98.2 percentage points, -95.4% for FRGT against +2.8% for TRS. Note the risk asymmetry: FRGT runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FRGT vs TRS: side by side
| FRGT (Freight Technologies, Inc.) | TRS (TriMas Corporation) | |
|---|---|---|
| 1-year return | -95.4% | +2.8% |
| 5-year return | -100.0% | +25.8% |
| Volatility (ann.) | 119.4% | 33.3% |
| Beta vs S&P 500 | 1.68 | 0.76 |
| Max drawdown (3Y) | -100.0% | -29.5% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 19.2 |
| Dividend yield | 0.00% | 0.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRGT | TRS |
|---|---|---|
| 2022 | -96.2% | -24.6% |
| 2023 | -85.3% | -8.1% |
| 2024 | -97.8% | -2.3% |
| 2025 | -95.6% | +45.0% |
| 2026 | -82.3% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRGT and TRS good diversifiers for each other?
Reasonably. At 0.34, FRGT and TRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRGT and TRS?
The FRGT/TRS correlation stands at 0.34 on a 3-year window (1 year: 0.28, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is TRS a good diversifier for FRGT?
Reasonably. At 0.34, FRGT and TRS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/frgt-vs-trs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frgt-vs-trs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRGT correlations · TRS correlations
