MRAM vs TROO: Correlation
Everspin Technologies, Inc. (MRAM) and TROOPS, Inc. (TROO) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and TROO?
On 3 years of weekly data the MRAM/TROO correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.30 over 3. The 5-year figure is 0.23, and annualized covariance runs at 2152.1 %².
Among the 22 assets we track against MRAM, TROO ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MRAM ahead by 78.5 points (+173.2% versus +94.7%). One caveat on sizing: TROO is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MRAM vs TROO: side by side
| MRAM (Everspin Technologies, Inc.) | TROO (TROOPS, Inc.) | |
|---|---|---|
| 1-year return | +173.2% | +94.7% |
| 5-year return | +134.7% | -73.3% |
| Volatility (ann.) | 69.5% | 104.4% |
| Beta vs S&P 500 | 1.58 | 0.54 |
| Max drawdown (3Y) | -70.6% | -89.5% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRAM | TROO |
|---|---|---|
| 2022 | -50.8% | -55.6% |
| 2023 | +62.6% | +37.2% |
| 2024 | -29.3% | -45.2% |
| 2025 | +45.2% | +95.1% |
| 2026 | +88.1% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and TROO good diversifiers for each other?
Reasonably. At 0.30, MRAM and TROO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MRAM and TROO?
As of 2026-08-27, the correlation of weekly returns between MRAM and TROO is 0.30 over 3 years, 0.38 over 1 year and 0.23 over 5 years.
Is TROO a good diversifier for MRAM?
Reasonably. At 0.30, MRAM and TROO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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
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Related comparisons
Hubs: MRAM correlations · TROO correlations
