INSW vs TRMD: Correlation
Measured on weekly returns over the past three years, International Seaways, Inc. (INSW) and TORM plc (TRMD) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSW and TRMD?
On 3 years of weekly data the INSW/TRMD correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.90) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 1185.0 %².
Among the 21 assets we track against INSW, TRMD ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INSW ahead by 88.9 points (+150.3% versus +61.4%).
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.
INSW vs TRMD: side by side
| INSW (International Seaways, Inc.) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +150.3% | +61.4% |
| 5-year return | +861.9% | +679.6% |
| Volatility (ann.) | 36.8% | 39.6% |
| Beta vs S&P 500 | 0.50 | 0.60 |
| Max drawdown (3Y) | -50.4% | -60.6% |
| Market cap | $4.9B | $3.3B |
| P/E (trailing) | 6.0 | 5.2 |
| Dividend yield | 0.51% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSW | TRMD |
|---|---|---|
| 2022 | +162.5% | +297.7% |
| 2023 | +42.9% | +31.6% |
| 2024 | -10.9% | -23.5% |
| 2025 | +45.0% | +11.3% |
| 2026 | +123.1% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSW and TRMD good diversifiers for each other?
No. With a correlation of 0.81, INSW and TRMD move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between INSW and TRMD?
The INSW/TRMD correlation stands at 0.81 on a 3-year window (1 year: 0.90, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is TRMD a good diversifier for INSW?
No. With a correlation of 0.81, INSW and TRMD move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: INSW correlations · TRMD correlations
