SFL vs TRMD: Correlation
Measured on weekly returns over the past three years, SFL Corporation Ltd (SFL) and TORM plc (TRMD) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFL and TRMD?
Across a 3-year window, the weekly returns of SFL and TRMD correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 685.1 %².
Within SFL's tracked universe of 12 assets, TRMD comes in at #5 by 3-year correlation. The trailing year gives TRMD the advantage: +55.4% versus +61.4%, a 6.0-point spread.
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.
SFL vs TRMD: side by side
| SFL (SFL Corporation Ltd) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +55.4% | +61.4% |
| 5-year return | +130.7% | +679.6% |
| Volatility (ann.) | 28.0% | 39.6% |
| Beta vs S&P 500 | 0.53 | 0.60 |
| Max drawdown (3Y) | -46.4% | -60.6% |
| Market cap | $1.7B | $3.3B |
| P/E (trailing) | 25.2 | 5.2 |
| Dividend yield | 3.33% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFL | TRMD |
|---|---|---|
| 2022 | +23.5% | +297.7% |
| 2023 | +34.5% | +31.6% |
| 2024 | -0.8% | -23.5% |
| 2025 | -18.6% | +11.3% |
| 2026 | +64.2% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFL and TRMD good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SFL and TRMD?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.71 over the last year and 0.56 over 5 years.
Is TRMD a good diversifier for SFL?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
A reading of 0.62 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/sfl-vs-trmd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sfl-vs-trmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SFL correlations · TRMD correlations
