IRD vs TRSG: Correlation
Measured on weekly returns over the past three years, Opus Genetics, Inc. (IRD) and Tungray Technologies Inc - Class A (TRSG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRD and TRSG?
On 3 years of weekly data the IRD/TRSG correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1451.8 %².
TRSG is close to the least connected end of IRD's tracked universe, ranking #9 of 10. The last year tells two different stories: IRD led by 228.6 percentage points, +220.8% for IRD against -7.8% for TRSG.
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.
IRD vs TRSG: side by side
| IRD (Opus Genetics, Inc.) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | +220.8% | -7.8% |
| 5-year return | -11.9% | n/a |
| Volatility (ann.) | 71.4% | 92.3% |
| Beta vs S&P 500 | 0.63 | 0.67 |
| Max drawdown (3Y) | -82.6% | -86.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IRD | TRSG |
|---|---|---|
| 2022 | -5.4% | – |
| 2023 | -14.7% | – |
| 2024 | -60.5% | – |
| 2025 | +68.9% | -49.2% |
| 2026 | +91.5% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRD and TRSG good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between IRD and TRSG?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is TRSG a good diversifier for IRD?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/ird-vs-trsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ird-vs-trsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IRD correlations · TRSG correlations
