IT vs TRI: Correlation
How closely do Gartner (IT) and Thomson Reuters Corp (TRI) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IT and TRI?
Across a 3-year window, the weekly returns of IT and TRI correlate at 0.60, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 781.2 %².
In IT's tracked universe of 36 assets, TRI sits right near the top at #2. Correlation aside, the last 12 months split them widely, with IT ahead by 17.4 points (-20.2% 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.
IT vs TRI: side by side
| IT (Gartner) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -20.2% | -37.6% |
| 5-year return | -36.0% | -0.4% |
| Volatility (ann.) | 40.6% | 32.0% |
| Beta vs S&P 500 | 0.92 | 0.53 |
| Max drawdown (3Y) | -77.2% | -62.9% |
| Market cap | $12.4B | $45.4B |
| P/E (trailing) | 17.4 | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | TRI |
|---|---|---|
| 2022 | +0.5% | -3.0% |
| 2023 | +34.2% | +30.0% |
| 2024 | +7.4% | +11.1% |
| 2025 | -47.9% | -16.6% |
| 2026 | -22.1% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and TRI good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IT and TRI?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.67 over the last year and 0.58 over 5 years.
Is TRI a good diversifier for IT?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/it-vs-tri.json
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Related comparisons
Hubs: IT correlations · TRI correlations
