TRN vs WASH: Correlation
Trinity Industries, Inc. (TRN) and Washington Trust Bancorp, Inc. (WASH) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRN and WASH?
Over the past 3 years, TRN and WASH moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.57). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 750.8 %².
Among the 10 assets we track against TRN, WASH ranks #5 by 3-year correlation. The last year tells two different stories: WASH led by 33.6 percentage points, +6.5% for TRN against +40.1% for WASH.
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.
TRN vs WASH: side by side
| TRN (Trinity Industries, Inc.) | WASH (Washington Trust Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +6.5% | +40.1% |
| 5-year return | +22.0% | +4.8% |
| Volatility (ann.) | 37.5% | 34.9% |
| Beta vs S&P 500 | 0.89 | 1.04 |
| Max drawdown (3Y) | -39.6% | -32.3% |
| Market cap | $2.3B | $0.8B |
| P/E (trailing) | 7.0 | 13.7 |
| Dividend yield | 4.17% | 5.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRN | WASH |
|---|---|---|
| 2022 | +1.5% | -12.5% |
| 2023 | -6.2% | -26.1% |
| 2024 | +37.2% | +2.7% |
| 2025 | -21.5% | +1.7% |
| 2026 | +14.8% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRN and WASH good diversifiers for each other?
Only partially. A correlation of 0.57 means TRN and WASH 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 TRN and WASH?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.40 over the last year and 0.52 over 5 years.
Is WASH a good diversifier for TRN?
Only partially. A correlation of 0.57 means TRN and WASH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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/trn-vs-wash.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trn-vs-wash/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRN correlations · WASH correlations
