TRMB vs Z: Correlation
Measured on weekly returns over the past three years, Trimble Inc. (TRMB) and Zillow Group, Inc. - Class C Capital Stock (Z) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMB and Z?
Over the past 3 years, TRMB and Z moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 819.4 %².
Within TRMB's tracked universe of 43 assets, Z comes in at #10 by 3-year correlation. The last year tells two different stories: TRMB led by 32.8 percentage points, -25.1% for TRMB against -57.9% for Z.
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 Z: side by side
| TRMB (Trimble Inc.) | Z (Zillow Group, Inc. - Class C Capital Stock) | |
|---|---|---|
| 1-year return | -25.1% | -57.9% |
| 5-year return | -35.7% | -63.1% |
| Volatility (ann.) | 30.9% | 46.2% |
| Beta vs S&P 500 | 1.13 | 1.30 |
| Max drawdown (3Y) | -42.7% | -67.4% |
| Market cap | $14.3B | $8.0B |
| P/E (trailing) | – | 154.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TRMB | Z |
|---|---|---|
| 2022 | -42.0% | -49.6% |
| 2023 | +5.2% | +79.6% |
| 2024 | +32.8% | +28.0% |
| 2025 | +10.9% | -7.9% |
| 2026 | -21.5% | -48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMB and Z good diversifiers for each other?
Only partially. A correlation of 0.58 means TRMB and Z 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 Z?
As of 2026-08-27, the correlation of weekly returns between TRMB and Z is 0.58 over 3 years, 0.57 over 1 year and 0.54 over 5 years.
Is Z a good diversifier for TRMB?
Only partially. A correlation of 0.58 means TRMB and Z share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/trmb-vs-z.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/trmb-vs-z/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRMB correlations · Z correlations
