TOST vs TRMB: Correlation
How closely do Toast, Inc. (TOST) and Trimble Inc. (TRMB) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TOST and TRMB?
Over the past 3 years, TOST and TRMB moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 914.8 %².
Few assets follow TOST as closely as TRMB, which ranks #1 of 16 tracked partners. On 12-month performance TOST holds a 5.3-point edge, -19.8% against -25.1%. Note the risk asymmetry: TOST runs 1.5 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.
TOST vs TRMB: side by side
| TOST (Toast, Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -19.8% | -25.1% |
| 5-year return | -43.7% | -35.7% |
| Volatility (ann.) | 47.1% | 30.9% |
| Beta vs S&P 500 | 1.36 | 1.13 |
| Max drawdown (3Y) | -54.7% | -42.7% |
| Market cap | $20.3B | $14.3B |
| P/E (trailing) | 46.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | TOST | TRMB |
|---|---|---|
| 2022 | -48.1% | -42.0% |
| 2023 | +1.3% | +5.2% |
| 2024 | +99.6% | +32.8% |
| 2025 | -2.6% | +10.9% |
| 2026 | -1.0% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TOST and TRMB good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TOST and TRMB?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.72 over the last year and 0.53 over 5 years.
Is TRMB a good diversifier for TOST?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 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/tost-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tost-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TOST correlations · TRMB correlations
