GIC vs TRS: Correlation
How closely do Global Industrial Company (GIC) and TriMas Corporation (TRS) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIC and TRS?
Across a 3-year window, the weekly returns of GIC and TRS correlate at 0.51, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.51). Stretching to 5 years gives 0.41, with an annualized covariance of 603.8 %².
Among the 14 assets we track against GIC, TRS ranks #6 by 3-year correlation. On 12-month performance GIC holds a 5.9-point edge, +8.7% against +2.8%.
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.
GIC vs TRS: side by side
| GIC (Global Industrial Company) | TRS (TriMas Corporation) | |
|---|---|---|
| 1-year return | +8.7% | +2.8% |
| 5-year return | +21.2% | +25.8% |
| Volatility (ann.) | 35.8% | 33.3% |
| Beta vs S&P 500 | 0.84 | 0.76 |
| Max drawdown (3Y) | -53.2% | -29.5% |
| Market cap | $1.5B | $1.4B |
| P/E (trailing) | 17.8 | 19.2 |
| Dividend yield | 2.74% | 0.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIC | TRS |
|---|---|---|
| 2022 | -41.0% | -24.6% |
| 2023 | +69.7% | -8.1% |
| 2024 | -34.3% | -2.3% |
| 2025 | +22.4% | +45.0% |
| 2026 | +39.1% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIC and TRS good diversifiers for each other?
Only partially. A correlation of 0.51 means GIC and TRS 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 GIC and TRS?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.39 over the last year and 0.41 over 5 years.
Is TRS a good diversifier for GIC?
Only partially. A correlation of 0.51 means GIC and TRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/gic-vs-trs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gic-vs-trs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIC correlations · TRS correlations
