GLAD vs TRIN: Correlation
How closely do Gl (GLAD) and Trinity Capital Inc. (TRIN) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAD and TRIN?
On 3 years of weekly data the GLAD/TRIN correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 265.0 %².
Among the 15 assets we track against GLAD, TRIN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRIN ahead by 52.3 points (-16.7% versus +35.6%).
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.
GLAD vs TRIN: side by side
| GLAD (Gl) | TRIN (Trinity Capital Inc.) | |
|---|---|---|
| 1-year return | -16.7% | +35.6% |
| 5-year return | +32.9% | +139.8% |
| Volatility (ann.) | 22.7% | 18.5% |
| Beta vs S&P 500 | 0.75 | 0.56 |
| Max drawdown (3Y) | -39.6% | -15.6% |
| Market cap | $0.4B | $1.7B |
| P/E (trailing) | 9.3 | 10.7 |
| Dividend yield | 9.35% | 10.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAD | TRIN |
|---|---|---|
| 2022 | -10.4% | -26.6% |
| 2023 | +22.7% | +54.0% |
| 2024 | +47.0% | +14.8% |
| 2025 | -21.1% | +16.0% |
| 2026 | +2.4% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAD and TRIN good diversifiers for each other?
Only partially. A correlation of 0.63 means GLAD and TRIN 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 GLAD and TRIN?
The GLAD/TRIN correlation stands at 0.63 on a 3-year window (1 year: 0.71, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is TRIN a good diversifier for GLAD?
Only partially. A correlation of 0.63 means GLAD and TRIN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glad-vs-trin.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glad-vs-trin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLAD correlations · TRIN correlations
