TMQ vs VZ: Correlation
How closely do Trilogy Metals Inc. (TMQ) and Verizon (VZ) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TMQ and VZ?
Over the past 3 years, TMQ and VZ moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -616.2 %².
Among the 23 assets we track against TMQ, VZ sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months TMQ outperformed by 107.0 percentage points (+126.3% for TMQ against +19.3% for VZ). Risk is not evenly split, since TMQ carries 5.7 times the volatility of the other side.
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.
TMQ vs VZ: side by side
| TMQ (Trilogy Metals Inc.) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +126.3% | +19.3% |
| 5-year return | +85.3% | +23.8% |
| Volatility (ann.) | 131.6% | 22.9% |
| Beta vs S&P 500 | 0.28 | 0.15 |
| Max drawdown (3Y) | -72.5% | -17.0% |
| Market cap | $0.7B | $205.4B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | TMQ | VZ |
|---|---|---|
| 2022 | -66.7% | -20.0% |
| 2023 | -21.8% | +2.7% |
| 2024 | +169.8% | +13.1% |
| 2025 | +271.6% | +8.9% |
| 2026 | -12.3% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TMQ and VZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between TMQ and VZ?
The TMQ/VZ correlation stands at -0.20 on a 3-year window (1 year: -0.32, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is VZ a good diversifier for TMQ?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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
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Related comparisons
Hubs: TMQ correlations · VZ correlations
