NMRK vs TRUP: Correlation
How closely do Newmark Group, Inc. (NMRK) and Trupanion, Inc. (TRUP) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRK and TRUP?
Over the past 3 years, NMRK and TRUP moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1291.6 %².
Within NMRK's tracked universe of 19 assets, TRUP comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NMRK outperformed by 22.2 percentage points (-13.8% for NMRK against -36.0% for TRUP).
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.
NMRK vs TRUP: side by side
| NMRK (Newmark Group, Inc.) | TRUP (Trupanion, Inc.) | |
|---|---|---|
| 1-year return | -13.8% | -36.0% |
| 5-year return | +23.3% | -68.9% |
| Volatility (ann.) | 43.4% | 60.9% |
| Beta vs S&P 500 | 1.49 | 1.57 |
| Max drawdown (3Y) | -36.6% | -62.0% |
| Market cap | $3.8B | $1.3B |
| P/E (trailing) | 19.7 | 57.0 |
| Dividend yield | 0.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRK | TRUP |
|---|---|---|
| 2022 | -57.0% | -64.0% |
| 2023 | +39.9% | -35.8% |
| 2024 | +18.1% | +58.0% |
| 2025 | +36.5% | -22.5% |
| 2026 | -9.5% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRK and TRUP good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NMRK and TRUP?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.54 over the last year and 0.47 over 5 years.
Is TRUP a good diversifier for NMRK?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/nmrk-vs-trup.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmrk-vs-trup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NMRK correlations · TRUP correlations
