MCK vs TRLV: Correlation
Measured on weekly returns over the past three years, McKesson Corporation (MCK) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCK and TRLV?
Over the past 3 years, MCK and TRLV moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -494.0 %².
Among the 35 assets we track against MCK, TRLV ranks #25 by 3-year correlation. Over the last 12 months MCK came out ahead by 8.1 percentage points (+30.8% against +22.7%). Risk is not evenly split, since TRLV carries 3.6 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.
MCK vs TRLV: side by side
| MCK (McKesson Corporation) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +30.8% | +22.7% |
| 5-year return | +354.8% | -59.1% |
| Volatility (ann.) | 25.1% | 89.9% |
| Beta vs S&P 500 | 0.16 | 1.02 |
| Max drawdown (3Y) | -27.2% | -77.5% |
| Market cap | $103.8B | $2.1B |
| P/E (trailing) | 24.0 | – |
| Dividend yield | 0.37% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | MCK | TRLV |
|---|---|---|
| 2022 | +51.8% | -70.9% |
| 2023 | +24.1% | -31.2% |
| 2024 | +23.7% | -0.5% |
| 2025 | +44.5% | +67.6% |
| 2026 | +8.8% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCK and TRLV good diversifiers for each other?
Yes. With a correlation of -0.22, MCK and TRLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MCK and TRLV?
As of 2026-08-27, the correlation of weekly returns between MCK and TRLV is -0.22 over 3 years, -0.14 over 1 year and -0.12 over 5 years.
Is TRLV a good diversifier for MCK?
Yes. With a correlation of -0.22, MCK and TRLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: MCK correlations · TRLV correlations
