TR vs WMK: Correlation
Measured on weekly returns over the past three years, Tootsie Roll Industries, Inc. (TR) and Weis Markets, Inc. (WMK) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TR and WMK?
Over the past 3 years, TR and WMK moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 253.9 %².
WMK is one of the assets that tracks TR most closely: it ranks #3 out of the 13 assets we track against TR. Over the last 12 months TR came out ahead by 7.0 percentage points (+4.1% against -2.9%).
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.
TR vs WMK: side by side
| TR (Tootsie Roll Industries, Inc.) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | +4.1% | -2.9% |
| 5-year return | +57.7% | +36.2% |
| Volatility (ann.) | 25.1% | 26.2% |
| Beta vs S&P 500 | 0.05 | 0.07 |
| Max drawdown (3Y) | -20.0% | -29.4% |
| Market cap | $3.1B | – |
| P/E (trailing) | 32.2 | 17.6 |
| Dividend yield | 0.84% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TR | WMK |
|---|---|---|
| 2022 | +22.3% | +27.1% |
| 2023 | -18.8% | -20.8% |
| 2024 | +1.4% | +8.0% |
| 2025 | +17.9% | -3.6% |
| 2026 | +15.5% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TR and WMK good diversifiers for each other?
Reasonably. At 0.39, TR and WMK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TR and WMK?
The TR/WMK correlation stands at 0.39 on a 3-year window (1 year: 0.40, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is WMK a good diversifier for TR?
Reasonably. At 0.39, TR and WMK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/tr-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tr-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TR correlations · WMK correlations
