LAB vs TRU: Correlation
Standard BioTools Inc. (LAB) and TransUnion (TRU) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAB and TRU?
On 3 years of weekly data the LAB/TRU correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.42 over 3. The 5-year figure is 0.40, and annualized covariance runs at 1199.2 %².
Among the 11 assets we track against LAB, TRU ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRU outperformed by 44.7 percentage points (-49.0% for LAB against -4.3% for TRU). Note the risk asymmetry: LAB runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LAB vs TRU: side by side
| LAB (Standard BioTools Inc.) | TRU (TransUnion) | |
|---|---|---|
| 1-year return | -49.0% | -4.3% |
| 5-year return | -90.9% | -27.4% |
| Volatility (ann.) | 69.2% | 41.6% |
| Beta vs S&P 500 | 1.55 | 1.71 |
| Max drawdown (3Y) | -78.7% | -47.3% |
| Market cap | $0.3B | $16.2B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAB | TRU |
|---|---|---|
| 2022 | -70.2% | -51.9% |
| 2023 | +88.9% | +21.8% |
| 2024 | -20.8% | +35.6% |
| 2025 | -26.9% | -7.0% |
| 2026 | -49.0% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAB and TRU good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAB and TRU?
The LAB/TRU correlation stands at 0.42 on a 3-year window (1 year: 0.48, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TRU a good diversifier for LAB?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/lab-vs-tru.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lab-vs-tru/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAB correlations · TRU correlations
