TFX vs TRNR: Correlation
Measured on weekly returns over the past three years, Teleflex Incorporated (TFX) and Interactive Strength Inc. (TRNR) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TFX and TRNR?
Over the past 3 years, TFX and TRNR moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1375.0 %².
Out of 11 assets tracked against TFX, TRNR lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months TFX outperformed by 106.4 percentage points (+7.5% for TFX against -98.9% for TRNR). One caveat on sizing: TRNR is 4.3 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.
TFX vs TRNR: side by side
| TFX (Teleflex Incorporated) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | +7.5% | -98.9% |
| 5-year return | -63.6% | n/a |
| Volatility (ann.) | 35.0% | 151.7% |
| Beta vs S&P 500 | 0.75 | 1.38 |
| Max drawdown (3Y) | -60.1% | -100.0% |
| Market cap | $5.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TFX | TRNR |
|---|---|---|
| 2022 | -23.6% | – |
| 2023 | +0.5% | – |
| 2024 | -28.2% | -99.9% |
| 2025 | -30.7% | -97.0% |
| 2026 | +13.7% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TFX and TRNR good diversifiers for each other?
Yes. With a correlation of -0.26, TFX and TRNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TFX and TRNR?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.31 over the last year and n/a over 5 years.
Is TRNR a good diversifier for TFX?
Yes. With a correlation of -0.26, TFX and TRNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: TFX correlations · TRNR correlations
