IIIV vs TRIP: Correlation
How closely do i3 Verticals, Inc. (IIIV) and TripAdvisor, Inc. (TRIP) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IIIV and TRIP?
On 3 years of weekly data the IIIV/TRIP correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 965.4 %².
Few assets follow IIIV as closely as TRIP, which ranks #2 of 11 tracked partners. Neither side won the trailing year by much: -47.2% against -42.8%.
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.
IIIV vs TRIP: side by side
| IIIV (i3 Verticals, Inc.) | TRIP (TripAdvisor, Inc.) | |
|---|---|---|
| 1-year return | -47.2% | -42.8% |
| 5-year return | -43.7% | -71.6% |
| Volatility (ann.) | 37.8% | 54.5% |
| Beta vs S&P 500 | 0.59 | 1.14 |
| Max drawdown (3Y) | -51.7% | -67.6% |
| Market cap | $0.4B | $1.1B |
| P/E (trailing) | 58.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IIIV | TRIP |
|---|---|---|
| 2022 | +6.8% | -34.0% |
| 2023 | -13.0% | +19.7% |
| 2024 | +8.8% | -31.4% |
| 2025 | +9.3% | -1.4% |
| 2026 | -35.1% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIIV and TRIP good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IIIV and TRIP?
The IIIV/TRIP correlation stands at 0.47 on a 3-year window (1 year: 0.38, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TRIP a good diversifier for IIIV?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/iiiv-vs-trip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iiiv-vs-trip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IIIV correlations · TRIP correlations
