SRE vs TRNR: Correlation
How closely do Sempra (SRE) and Interactive Strength Inc. (TRNR) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRE and TRNR?
On 3 years of weekly data the SRE/TRNR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.15) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -865.4 %².
TRNR is close to the least connected end of SRE's tracked universe, ranking #26 of 30. The last year tells two different stories: SRE led by 104.9 percentage points, +6.0% for SRE against -98.9% for TRNR. Note the risk asymmetry: TRNR runs 6.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SRE vs TRNR: side by side
| SRE (Sempra) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | +6.0% | -98.9% |
| 5-year return | +50.4% | n/a |
| Volatility (ann.) | 23.9% | 151.7% |
| Beta vs S&P 500 | 0.38 | 1.38 |
| Max drawdown (3Y) | -31.6% | -100.0% |
| Market cap | $55.4B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 3.06% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | SRE | TRNR |
|---|---|---|
| 2022 | +20.3% | – |
| 2023 | -0.1% | – |
| 2024 | +21.1% | -99.9% |
| 2025 | +3.9% | -97.0% |
| 2026 | -2.6% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRE and TRNR good diversifiers for each other?
Yes. With a correlation of -0.24, SRE and TRNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SRE and TRNR?
The SRE/TRNR correlation stands at -0.24 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRNR a good diversifier for SRE?
Yes. With a correlation of -0.24, SRE and TRNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: SRE correlations · TRNR correlations
