ROOT vs TRTX: Correlation
Measured on weekly returns over the past three years, Root, Inc. (ROOT) and TPG RE Finance Trust, Inc. (TRTX) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROOT and TRTX?
On 3 years of weekly data the ROOT/TRTX correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.45). The 5-year figure is 0.29, and annualized covariance runs at 1663.1 %².
Within ROOT's tracked universe of 11 assets, TRTX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRTX ahead by 31.8 points (-38.1% versus -6.3%). One caveat on sizing: ROOT is 4.4 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.
ROOT vs TRTX: side by side
| ROOT (Root, Inc.) | TRTX (TPG RE Finance Trust, Inc.) | |
|---|---|---|
| 1-year return | -38.1% | -6.3% |
| 5-year return | -52.1% | +9.9% |
| Volatility (ann.) | 127.9% | 29.0% |
| Beta vs S&P 500 | 1.45 | 0.55 |
| Max drawdown (3Y) | -75.7% | -29.3% |
| Market cap | $0.9B | $0.6B |
| P/E (trailing) | 16.3 | 14.1 |
| Dividend yield | 0.00% | 12.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ROOT | TRTX |
|---|---|---|
| 2022 | -92.0% | -38.4% |
| 2023 | +133.4% | +9.7% |
| 2024 | +592.7% | +46.9% |
| 2025 | -0.5% | +13.5% |
| 2026 | -23.8% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROOT and TRTX good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ROOT and TRTX?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.23 over the last year and 0.29 over 5 years.
Is TRTX a good diversifier for ROOT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/root-vs-trtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/root-vs-trtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ROOT correlations · TRTX correlations
