PNR vs TROO: Correlation
How closely do Pentair (PNR) and TROOPS, Inc. (TROO) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and TROO?
Over the past 3 years, PNR and TROO moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is 0.00, and the annualized covariance of weekly returns is -534.2 %².
Within PNR's tracked universe of 38 assets, TROO comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TROO ahead by 137.2 points (-42.5% versus +94.7%). One caveat on sizing: TROO is 3.7 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.
PNR vs TROO: side by side
| PNR (Pentair) | TROO (TROOPS, Inc.) | |
|---|---|---|
| 1-year return | -42.5% | +94.7% |
| 5-year return | -14.1% | -73.3% |
| Volatility (ann.) | 28.2% | 104.4% |
| Beta vs S&P 500 | 1.07 | 0.54 |
| Max drawdown (3Y) | -45.0% | -89.5% |
| Market cap | $9.9B | $0.3B |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PNR | TROO |
|---|---|---|
| 2022 | -37.4% | -55.6% |
| 2023 | +64.2% | +37.2% |
| 2024 | +40.0% | -45.2% |
| 2025 | +4.5% | +95.1% |
| 2026 | -39.8% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and TROO good diversifiers for each other?
Yes. With a correlation of -0.18, PNR and TROO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNR and TROO?
The PNR/TROO correlation stands at -0.18 on a 3-year window (1 year: -0.19, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is TROO a good diversifier for PNR?
Yes. With a correlation of -0.18, PNR and TROO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pnr-vs-troo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pnr-vs-troo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PNR correlations · TROO correlations
