LYFT vs TRMB: Correlation
Lyft, Inc. (LYFT) and Trimble Inc. (TRMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYFT and TRMB?
Across a 3-year window, the weekly returns of LYFT and TRMB correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 1098.0 %².
In LYFT's tracked universe of 13 assets, TRMB sits right near the top at #1. The last year tells two different stories: LYFT led by 31.9 percentage points, +6.8% for LYFT against -25.1% for TRMB. Risk is not evenly split, since LYFT carries 2.0 times the volatility of the other side.
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.
LYFT vs TRMB: side by side
| LYFT (Lyft, Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +6.8% | -25.1% |
| 5-year return | -63.2% | -35.7% |
| Volatility (ann.) | 61.8% | 30.9% |
| Beta vs S&P 500 | 1.77 | 1.13 |
| Max drawdown (3Y) | -55.2% | -42.7% |
| Market cap | $6.6B | $14.3B |
| P/E (trailing) | 2.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | LYFT | TRMB |
|---|---|---|
| 2022 | -74.2% | -42.0% |
| 2023 | +36.0% | +5.2% |
| 2024 | -13.9% | +32.8% |
| 2025 | +50.2% | +10.9% |
| 2026 | -10.4% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYFT and TRMB good diversifiers for each other?
To a limited degree. At 0.58 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 LYFT and TRMB?
The LYFT/TRMB correlation stands at 0.58 on a 3-year window (1 year: 0.50, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for LYFT?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/lyft-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyft-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYFT correlations · TRMB correlations
