TRMB vs UI: Correlation
How closely do Trimble Inc. (TRMB) and Ubiquiti Inc. (UI) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMB and UI?
Across a 3-year window, the weekly returns of TRMB and UI correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 837.1 %².
Among the 43 assets we track against TRMB, UI ranks #23 by 3-year correlation. The last year tells two different stories: UI led by 38.8 percentage points, -25.1% for TRMB against +13.7% for UI. Note the risk asymmetry: UI runs 1.7 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.
TRMB vs UI: side by side
| TRMB (Trimble Inc.) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | -25.1% | +13.7% |
| 5-year return | -35.7% | +84.4% |
| Volatility (ann.) | 30.9% | 53.4% |
| Beta vs S&P 500 | 1.13 | 1.36 |
| Max drawdown (3Y) | -42.7% | -51.7% |
| Market cap | $14.3B | $35.9B |
| P/E (trailing) | – | 37.6 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TRMB | UI |
|---|---|---|
| 2022 | -42.0% | -10.0% |
| 2023 | +5.2% | -48.2% |
| 2024 | +32.8% | +141.2% |
| 2025 | +10.9% | +67.7% |
| 2026 | -21.5% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMB and UI good diversifiers for each other?
Only partially. A correlation of 0.51 means TRMB and UI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TRMB and UI?
The TRMB/UI correlation stands at 0.51 on a 3-year window (1 year: 0.42, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is UI a good diversifier for TRMB?
Only partially. A correlation of 0.51 means TRMB and UI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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: TRMB correlations · UI correlations
