HRB vs TRI: Correlation
H&R Block, Inc. (HRB) and Thomson Reuters Corp (TRI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRB and TRI?
On 3 years of weekly data the HRB/TRI correlation comes out at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.43). The 5-year figure is 0.36, and annualized covariance runs at 456.8 %².
Among the 13 assets we track against HRB, TRI ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HRB outperformed by 45.2 percentage points (+7.6% for HRB 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.
HRB vs TRI: side by side
| HRB (H&R Block, Inc.) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | +7.6% | -37.6% |
| 5-year return | +141.8% | -0.4% |
| Volatility (ann.) | 32.8% | 32.0% |
| Beta vs S&P 500 | 0.31 | 0.53 |
| Max drawdown (3Y) | -55.5% | -62.9% |
| Market cap | $6.5B | $45.4B |
| P/E (trailing) | 9.3 | 27.6 |
| Dividend yield | 3.19% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRB | TRI |
|---|---|---|
| 2022 | +59.9% | -3.0% |
| 2023 | +36.9% | +30.0% |
| 2024 | +12.0% | +11.1% |
| 2025 | -14.9% | -16.6% |
| 2026 | +23.5% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRB and TRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HRB and TRI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.58 over the last year and 0.36 over 5 years.
Is TRI a good diversifier for HRB?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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: HRB correlations · TRI correlations
