TEX vs TRS: Correlation
Measured on weekly returns over the past three years, Terex Corporation (TEX) and TriMas Corporation (TRS) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEX and TRS?
On 3 years of weekly data the TEX/TRS correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 687.3 %².
Within TEX's tracked universe of 23 assets, TRS comes in at #17 by 3-year correlation. The last year tells two different stories: TEX led by 21.4 percentage points, +24.2% for TEX against +2.8% for TRS.
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.
TEX vs TRS: side by side
| TEX (Terex Corporation) | TRS (TriMas Corporation) | |
|---|---|---|
| 1-year return | +24.2% | +2.8% |
| 5-year return | +31.7% | +25.8% |
| Volatility (ann.) | 41.0% | 33.3% |
| Beta vs S&P 500 | 1.38 | 0.76 |
| Max drawdown (3Y) | -51.3% | -29.5% |
| Market cap | $7.4B | $1.4B |
| P/E (trailing) | 31.2 | 19.2 |
| Dividend yield | 1.04% | 0.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TEX | TRS |
|---|---|---|
| 2022 | -1.4% | -24.6% |
| 2023 | +36.1% | -8.1% |
| 2024 | -18.6% | -2.3% |
| 2025 | +17.3% | +45.0% |
| 2026 | +21.9% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEX and TRS good diversifiers for each other?
To a limited degree. At 0.50 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 TEX and TRS?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.46 over the last year and 0.50 over 5 years.
Is TRS a good diversifier for TEX?
To a limited degree. At 0.50 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 0.50 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/tex-vs-trs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tex-vs-trs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TEX correlations · TRS correlations
