PM vs TRMB: Correlation
Measured on weekly returns over the past three years, Philip Morris International (PM) and Trimble Inc. (TRMB) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PM and TRMB?
Over the past 3 years, PM and TRMB moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.19). Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is -136.9 %².
By 3-year correlation, TRMB places #28 of the 47 assets tracked against PM. Their recent paths diverged sharply: over the last 12 months PM outperformed by 45.3 percentage points (+20.2% for PM against -25.1% for TRMB). The relationship is regime-dependent: the rolling one-year correlation swung between -0.51 and 0.43 over the past three years, so this pair behaves very differently depending on the market environment.
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.
PM vs TRMB: side by side
| PM (Philip Morris International) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +20.2% | -25.1% |
| 5-year return | +133.5% | -35.7% |
| Volatility (ann.) | 23.1% | 30.9% |
| Beta vs S&P 500 | -0.01 | 1.13 |
| Max drawdown (3Y) | -20.6% | -42.7% |
| Market cap | $296.9B | $14.3B |
| P/E (trailing) | 26.7 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | PM | TRMB |
|---|---|---|
| 2022 | +12.3% | -42.0% |
| 2023 | -1.9% | +5.2% |
| 2024 | +34.3% | +32.8% |
| 2025 | +38.0% | +10.9% |
| 2026 | +20.8% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PM and TRMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between PM and TRMB?
The PM/TRMB correlation stands at -0.19 on a 3-year window (1 year: -0.46, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for PM?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/pm-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pm-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PM correlations · TRMB correlations
