MMA vs TRIN: Correlation
How closely do Mixed Martial Arts Group Limited (MMA) and Trinity Capital Inc. (TRIN) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMA and TRIN?
Over the past 3 years, MMA and TRIN moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.23 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -584.7 %².
Out of 10 assets tracked against MMA, TRIN lands near the bottom at #8. The last year tells two different stories: TRIN led by 87.2 percentage points, -51.6% for MMA against +35.6% for TRIN. Risk is not evenly split, since MMA carries 7.3 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.
MMA vs TRIN: side by side
| MMA (Mixed Martial Arts Group Limited) | TRIN (Trinity Capital Inc.) | |
|---|---|---|
| 1-year return | -51.6% | +35.6% |
| 5-year return | n/a | +139.8% |
| Volatility (ann.) | 134.6% | 18.5% |
| Beta vs S&P 500 | 2.08 | 0.56 |
| Max drawdown (3Y) | -92.2% | -15.6% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 10.7 |
| Dividend yield | 0.00% | 10.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMA | TRIN |
|---|---|---|
| 2022 | – | -26.6% |
| 2023 | – | +54.0% |
| 2024 | – | +14.8% |
| 2025 | -20.6% | +16.0% |
| 2026 | -58.9% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMA and TRIN good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between MMA and TRIN?
The MMA/TRIN correlation stands at -0.23 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRIN a good diversifier for MMA?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MMA correlations · TRIN correlations
