PEGA vs TRMB: Correlation
Pegasystems Inc. (PEGA) and Trimble Inc. (TRMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEGA and TRMB?
Over the past 3 years, PEGA and TRMB moved with a correlation of 0.54, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.54). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 835.4 %².
TRMB is one of the assets that tracks PEGA most closely: it ranks #3 out of the 14 assets we track against PEGA. Over the last 12 months TRMB came out ahead by 6.7 percentage points (-31.8% against -25.1%). Risk is not evenly split, since PEGA carries 1.6 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.
PEGA vs TRMB: side by side
| PEGA (Pegasystems Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -31.8% | -25.1% |
| 5-year return | -47.4% | -35.7% |
| Volatility (ann.) | 50.2% | 30.9% |
| Beta vs S&P 500 | 1.28 | 1.13 |
| Max drawdown (3Y) | -60.9% | -42.7% |
| Market cap | $5.9B | $14.3B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PEGA | TRMB |
|---|---|---|
| 2022 | -69.3% | -42.0% |
| 2023 | +43.1% | +5.2% |
| 2024 | +91.0% | +32.8% |
| 2025 | +28.4% | +10.9% |
| 2026 | -39.6% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEGA and TRMB good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PEGA and TRMB?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.65 over the last year and 0.49 over 5 years.
Is TRMB a good diversifier for PEGA?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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
$ curl https://www.pairbook.io/api/v1/pairs/pega-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pega-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEGA correlations · TRMB correlations
