GWRE vs TRI: Correlation
Guidewire Software, Inc. (GWRE) and Thomson Reuters Corp (TRI) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWRE and TRI?
Over the past 3 years, GWRE and TRI moved with a correlation of 0.57, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.57 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 832.6 %².
Within GWRE's tracked universe of 18 assets, TRI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GWRE ahead by 30.5 points (-7.1% versus -37.6%).
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.
GWRE vs TRI: side by side
| GWRE (Guidewire Software, Inc.) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -7.1% | -37.6% |
| 5-year return | +68.2% | -0.4% |
| Volatility (ann.) | 45.6% | 32.0% |
| Beta vs S&P 500 | 0.83 | 0.53 |
| Max drawdown (3Y) | -60.8% | -62.9% |
| Market cap | $16.7B | $45.4B |
| P/E (trailing) | 103.1 | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GWRE | TRI |
|---|---|---|
| 2022 | -44.9% | -3.0% |
| 2023 | +74.3% | +30.0% |
| 2024 | +54.6% | +11.1% |
| 2025 | +19.2% | -16.6% |
| 2026 | +0.0% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWRE and TRI good diversifiers for each other?
Only partially. A correlation of 0.57 means GWRE and TRI 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 GWRE and TRI?
As of 2026-08-27, the correlation of weekly returns between GWRE and TRI is 0.57 over 3 years, 0.75 over 1 year and 0.56 over 5 years.
Is TRI a good diversifier for GWRE?
Only partially. A correlation of 0.57 means GWRE and TRI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: GWRE correlations · TRI correlations
