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Relative Intelligence · Business Services

How Thomson Reuters (TRI) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on TRI alone. It places TRI (Thomson Reuters Corporation) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where TRI stands in the market, and of the alternatives worth a closer look.

Period covered: TRI's full trading record, from June 2002 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

On this page12 sections

Key findings

How much would $10,000 in TRI have grown?

This chart tracks a hypothetical $10,000 investment in TRI over the past 24 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of TRI over the same span and TRI's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 2002 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 880 of the 1,370 stocks and funds worth at least $500 million that traded the whole period ended ahead of TRI; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,000$500,000$1M2002200620102014201820222026$10,000$100,000$1M20022008201420202026
  • FICO$280,661+2,707% total · +14.9% a year
  • SAP$261,264+2,513% total · +14.6% a year
  • MCO$239,916+2,299% total · +14.2% a year
  • ORCL$219,923+2,099% total · +13.7% a year
  • SPGI$194,414+1,844% total · +13.2% a year
  • ACN$191,895+1,819% total · +13.1% a year
  • SPY (S&P 500)$144,215+1,342% total · +11.8% a year
  • TRI$70,274+603% total · +8.5% a year
  • RELX$59,568+496% total · +7.7% a year
  • FCN$50,743+407% total · +7.0% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,660 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of TRI; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$15,000$20,000$25,000$30,000$35,000202120222023202420252026$0$10,000$20,000$30,000$40,000202120222023202420252026
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • ORCL$16,857+68.6% total · +11.0% a year
  • SAP$16,715+67.2% total · +10.8% a year
  • EXLS$13,964+39.6% total · +6.9% a year
  • MCO$13,345+33.5% total · +5.9% a year
  • RELX$12,530+25.3% total · +4.6% a year
  • SSNC$11,894+18.9% total · +3.5% a year
  • BR$10,584+5.8% total · +1.1% a year
  • TRI$9,544−4.6% total · −0.9% a year
  • MSCI$9,376−6.2% total · −1.3% a year
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TRI at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$49B
Industry
Specialty Business Services
Price history from
June 2002

Returns

Past 1 year
−28.1%total return
Past 3 years
−2.5%−0.8% a year
Past 5 years
+3.6%+0.7% a year
Past 10 years
+244%+13.1% a year
Best calendar year
+51.4%2019
Worst calendar year
−26.3%2008
Losing years
7 of 23full calendar years

Risk

Volatility
29.3%typical yearly swing, 5 years
Sharpe ratio
0.17return per unit of risk, 5 years
Worst decline ever
−63.5%Jul 2025 to Jun 2026
From its all-time high
−45.8%below the peak

TRI against the whole market

Where TRI ranks among every stock and fund, and what across the market has done better.

How does TRI rank among all stocks?

This section ranks TRI on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how TRI stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureTRIRankStanding
1-year return−28.1%2,814 of 3,287bottom 15%
3-year return−2.5%2,364 of 3,017bottom 23%
5-year return+3.6%1,683 of 2,893bottom 43%
10-year return+244%724 of 2,202top 33%
Volatility, 5 years29.3%656 of 2,893top 23%
Sharpe ratio, 5 years0.171,931 of 2,893bottom 34%
Worst decline, past 10 years−63.5%1,025 of 2,187top 47%

What has beaten TRI on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). TRI sits where the dashed lines cross. Anything in the green box above and to the left earned more than TRI with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to TRI; faint dots are 91 more of the 1,114 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−5.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than TRIMCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%AMGN: +19.6% a year, volatility 24.9%TRV: +22.4% a year, volatility 22.3%CME: +11.2% a year, volatility 20.8%TAK: +11.9% a year, volatility 19.4%MET: +12.0% a year, volatility 25.4%RPRX: +13.3% a year, volatility 23.8%HMC: +6.1% a year, volatility 27.5%EXPD: +12.0% a year, volatility 27.1%CIBR: +14.1% a year, volatility 26.1%VLUE: +15.9% a year, volatility 18.4%AIZ: +13.3% a year, volatility 25.3%SEIC: +12.7% a year, volatility 22.3%MSGS: +18.4% a year, volatility 25.6%NEU: +21.0% a year, volatility 26.8%SGOV: +3.8% a year, volatility 0.3%THG: +14.4% a year, volatility 22.9%SJM: +4.8% a year, volatility 25.1%FLTW: +21.8% a year, volatility 24.3%RSPT: +16.9% a year, volatility 25.1%MSM: +13.3% a year, volatility 25.1%DIVB: +13.9% a year, volatility 15.4%RY: +17.3% a year, volatility 18.2%HACK: +12.6% a year, volatility 25.8%JAAA: +5.1% a year, volatility 1.7%FBT: +10.8% a year, volatility 22.2%XOM: +27.1% a year, volatility 26.5%IOSP: +4.4% a year, volatility 26.5%NPK: +16.3% a year, volatility 27.3%IHAK: +8.3% a year, volatility 25.0%RCBC: +14.6% a year, volatility 27.2%FLBR: +16.0% a year, volatility 27.7%EIG: +9.1% a year, volatility 23.7%VTI: +11.5% a year, volatility 17.5%RSPH: +6.1% a year, volatility 16.8%SHEL: +21.0% a year, volatility 24.8%VOO: +12.8% a year, volatility 16.9%CBNK: +12.1% a year, volatility 27.4%TECB: +13.1% a year, volatility 23.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%JNJ: +12.7% a year, volatility 17.9%E: +23.0% a year, volatility 25.6%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%VRIG: +4.7% a year, volatility 1.3%BALT: +6.3% a year, volatility 3.3%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%MA: +12.4% a year, volatility 23.8%CSCO: +16.8% a year, volatility 26.1%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%XLE: +22.6% a year, volatility 25.5%FLRT: +6.0% a year, volatility 2.3%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%PG: +5.1% a year, volatility 18.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%BAC: +4.0% a year, volatility 26.6%BTI: +18.7% a year, volatility 22.0%PGR: +21.3% a year, volatility 25.6%PAA: +27.0% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%MO: +17.8% a year, volatility 21.4%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%VO: +6.8% a year, volatility 17.6%VIG: +10.4% a year, volatility 14.1%TT: +22.7% a year, volatility 27.7%FLOT: +4.5% a year, volatility 1.8%EPD: +16.4% a year, volatility 17.1%TM: +5.0% a year, volatility 27.0%BDX: +2.3% a year, volatility 24.1%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%BMO: +13.6% a year, volatility 21.4%T: +9.8% a year, volatility 25.2%MFC: +22.6% a year, volatility 24.0%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%KDP: +2.5% a year, volatility 22.1%VTIP: +2.7% a year, volatility 2.9%UNP: +7.1% a year, volatility 22.9%TRI: +0.7% a year, volatility 29.3%SPY (S&P 500): +12.7% a year, volatility 17.1%SSNC: +4.7% a year, volatility 25.2%SAP: +11.5% a year, volatility 30.0%RELX: +7.0% a year, volatility 24.1%MCO: +5.9% a year, volatility 26.9%EXLS: +10.6% a year, volatility 32.6%BR: +1.7% a year, volatility 24.6%ADP: +9.0% a year, volatility 22.9%CACI: +16.6% a year, volatility 29.9%SAIC: +9.9% a year, volatility 30.7%RTX: +18.6% a year, volatility 24.3%CTAS: +16.5% a year, volatility 23.1%IBM: +16.6% a year, volatility 30.5%ABBV: +26.1% a year, volatility 23.4%V: +12.8% a year, volatility 22.9%KO: +14.7% a year, volatility 16.8%CVX: +19.5% a year, volatility 25.2%PM: +21.0% a year, volatility 23.4%AAPL: +18.5% a year, volatility 28.0%EWT: +20.4% a year, volatility 24.2%BSV: +1.7% a year, volatility 2.8%CAH: +42.1% a year, volatility 24.7%TRISPY (S&P 500)SSNCSAPRELXEXLSBRCACISAICRTXCTASIBMABBVVKOCVXPMBSVCAH−10.0%0.0%10.0%20.0%30.0%40.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than TRIMCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%AMGN: +19.6% a year, volatility 24.9%TRV: +22.4% a year, volatility 22.3%CME: +11.2% a year, volatility 20.8%TAK: +11.9% a year, volatility 19.4%MET: +12.0% a year, volatility 25.4%RPRX: +13.3% a year, volatility 23.8%HMC: +6.1% a year, volatility 27.5%EXPD: +12.0% a year, volatility 27.1%CIBR: +14.1% a year, volatility 26.1%VLUE: +15.9% a year, volatility 18.4%AIZ: +13.3% a year, volatility 25.3%SEIC: +12.7% a year, volatility 22.3%MSGS: +18.4% a year, volatility 25.6%NEU: +21.0% a year, volatility 26.8%SGOV: +3.8% a year, volatility 0.3%THG: +14.4% a year, volatility 22.9%SJM: +4.8% a year, volatility 25.1%FLTW: +21.8% a year, volatility 24.3%RSPT: +16.9% a year, volatility 25.1%MSM: +13.3% a year, volatility 25.1%DIVB: +13.9% a year, volatility 15.4%RY: +17.3% a year, volatility 18.2%HACK: +12.6% a year, volatility 25.8%JAAA: +5.1% a year, volatility 1.7%FBT: +10.8% a year, volatility 22.2%XOM: +27.1% a year, volatility 26.5%IOSP: +4.4% a year, volatility 26.5%NPK: +16.3% a year, volatility 27.3%IHAK: +8.3% a year, volatility 25.0%RCBC: +14.6% a year, volatility 27.2%FLBR: +16.0% a year, volatility 27.7%EIG: +9.1% a year, volatility 23.7%VTI: +11.5% a year, volatility 17.5%RSPH: +6.1% a year, volatility 16.8%SHEL: +21.0% a year, volatility 24.8%VOO: +12.8% a year, volatility 16.9%CBNK: +12.1% a year, volatility 27.4%TECB: +13.1% a year, volatility 23.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%JNJ: +12.7% a year, volatility 17.9%E: +23.0% a year, volatility 25.6%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%VRIG: +4.7% a year, volatility 1.3%BALT: +6.3% a year, volatility 3.3%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%MA: +12.4% a year, volatility 23.8%CSCO: +16.8% a year, volatility 26.1%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%XLE: +22.6% a year, volatility 25.5%FLRT: +6.0% a year, volatility 2.3%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%PG: +5.1% a year, volatility 18.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%BAC: +4.0% a year, volatility 26.6%BTI: +18.7% a year, volatility 22.0%PGR: +21.3% a year, volatility 25.6%PAA: +27.0% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%MO: +17.8% a year, volatility 21.4%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%VO: +6.8% a year, volatility 17.6%VIG: +10.4% a year, volatility 14.1%TT: +22.7% a year, volatility 27.7%FLOT: +4.5% a year, volatility 1.8%EPD: +16.4% a year, volatility 17.1%TM: +5.0% a year, volatility 27.0%BDX: +2.3% a year, volatility 24.1%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%BMO: +13.6% a year, volatility 21.4%T: +9.8% a year, volatility 25.2%MFC: +22.6% a year, volatility 24.0%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%KDP: +2.5% a year, volatility 22.1%VTIP: +2.7% a year, volatility 2.9%UNP: +7.1% a year, volatility 22.9%TRI: +0.7% a year, volatility 29.3%SPY (S&P 500): +12.7% a year, volatility 17.1%SSNC: +4.7% a year, volatility 25.2%SAP: +11.5% a year, volatility 30.0%RELX: +7.0% a year, volatility 24.1%MCO: +5.9% a year, volatility 26.9%EXLS: +10.6% a year, volatility 32.6%BR: +1.7% a year, volatility 24.6%ADP: +9.0% a year, volatility 22.9%CACI: +16.6% a year, volatility 29.9%SAIC: +9.9% a year, volatility 30.7%RTX: +18.6% a year, volatility 24.3%CTAS: +16.5% a year, volatility 23.1%IBM: +16.6% a year, volatility 30.5%ABBV: +26.1% a year, volatility 23.4%V: +12.8% a year, volatility 22.9%KO: +14.7% a year, volatility 16.8%CVX: +19.5% a year, volatility 25.2%PM: +21.0% a year, volatility 23.4%AAPL: +18.5% a year, volatility 28.0%EWT: +20.4% a year, volatility 24.2%BSV: +1.7% a year, volatility 2.8%CAH: +42.1% a year, volatility 24.7%TRISPY (S&P 500)SSNCRELXEXLSBRADPCACIRTXCTASABBVKOCVXBSVCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than TRI?

Investments that beat TRI over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat TRI over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks TRI's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than TRI follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than TRI's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× TRI's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than TRI's.

InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with TRI?lower diversifies moreExpenseper year
TRIThomson Reuters Corporation · this page
+0.7%29.3%0.17−63.5%+244%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.470.09%
Popular alternativesbest 6 shownThe investments people most often weigh against TRI. 6 of 19 passed at least one test.
SSNCSS&C Technologies Holdings, Inc. · Software
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+4.7%25.2%0.31−48.9%+200%0.57—
SAPSAP SE · Enterprise Software
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+11.5%30.0%0.52−52.5%+205%0.65—
RELXRELX Plc · Business Services
Higher return, lower volatilityHigher Sharpe, smaller worst decline+7.0%24.1%0.40−49.9%+167%0.72—
MCOMoody's Corporation · Financial Data
Higher return, lower volatilityHigher Sharpe, smaller worst decline+5.9%26.9%0.35−42.0%+383%0.62—
EXLSExlService Holdings, Inc. · IT Services
Higher Sharpe, smaller worst declineHigher return in most periods+10.6%32.6%0.47−51.3%+327%0.56—
BRBroadridge Financial Solutions, Inc. · Financial Technology
Higher return in most periods+1.7%24.6%0.19−48.2%+234%0.60—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Business Services and the categories next to it (IT Services, Aerospace & Defense, Financial Data, Application Software), plus TRI's specific themes. 32 of 85 passed at least one test.
ADPAutomatic Data Processing, Inc. · Business Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.0%22.9%0.49−40.8%+320%0.62—
CACICACI International Inc · Business Services
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.6%29.9%0.66−42.9%+499%0.21—
SAICScience Applications International Corporation · Business Services
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.9%30.7%0.46−45.9%+135%0.33—
RTXRTX Corporation · Aerospace & Defense
Higher return, lower volatilityHigher Sharpe, smaller worst decline+18.6%24.3%0.83−52.0%+317%0.12—
CTASCintas Corporation · Business Services
Higher return, lower volatilityHigher Sharpe, smaller worst decline+16.5%23.1%0.78−48.4%+808%0.55—
IBMInternational Business Machines Corporation · IT Services
Higher return, similar volatilityHigher Sharpe, smaller worst decline+16.6%30.5%0.66−41.1%+151%0.02—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,722 of 3,529 passed at least one test.
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+26.1%23.4%1.11−45.1%+603%0.01—
VVisa Inc. · Payment Processing
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+12.8%22.9%0.64−36.4%+429%0.46—
KOThe Coca-Cola Company · Food & Beverages
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+14.7%16.8%0.91−37.0%+204%0.23—
CVXChevron Corporation · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.5%25.2%0.84−55.8%+238%0.08—
PMPhilip Morris International Inc. · Tobacco
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+21.0%23.4%0.94−42.9%+242%0.08—
AAPLApple Inc. · Computer Hardware
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.5%28.0%0.75−38.5%+1,168%0.27—
EWTiShares MSCI Taiwan ETF · International Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+20.4%24.2%0.89−38.9%+468%0.150.59%
BSVVanguard Short-Term Bond ETF · Short-Term Bonds
Similar return, lower volatilityHigher Sharpe, smaller worst decline+1.7%2.8%0.63−8.5%+20.5%0.250.03%
What these numbers mean for TRI
Annual return
TRI returned 0.7% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $10,400. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
TRI's volatility over the past 5 years was 29.3%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TRI's return lands within 29.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
TRI's Sharpe ratio over the past 5 years was 0.17, against 0.79 for the S&P 500, so TRI earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
TRI's worst fall from a peak to a low over the past 10 years was 63.5%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 63.5% fall takes a 174% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, TRI's monthly returns had a correlation of 0.47 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TRI instead: the lower it is, the more that option would diversify a TRI holding. Guide: Correlation and diversification →
Show all 1,114 stocks and funds worth at least $500 million that earned more than TRI with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with TRIExpense
1
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.01—
2
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.46—
3
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.23—
4
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%0.08—
5
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.08—
6
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.07—
7
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%-0.09—
8
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.12—
9
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.18—
10
CMECME Group Inc. · Capital Markets
Whole market+11.2%20.8%0.62−37.4%+319%0.37—
11
TAKTakeda Pharmaceutical Company Limited · Pharmaceuticals
Whole market+11.9%19.4%0.68−54.4%+30.4%-0.07—
12
METMetLife, Inc. · Life Insurance
Whole market+12.0%25.4%0.58−55.2%+240%0.25—
13
RPRXRoyalty Pharma plc · Pharmaceuticals
Whole market+13.3%23.8%0.65−49.7%—0.14—
14
HMCHonda Motor Co., Ltd. · Automobiles
Whole market+6.1%27.5%0.35−42.0%+63.3%0.26—
15
EXPDExpeditors International of Washington, Inc. · Freight & Logistics
Whole market+12.0%27.1%0.56−35.6%+349%0.32—
16
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.150.59%
17
CIBRFirst Trust Nasdaq Cybersecurity ETF · Cybersecurity
Whole market+14.1%26.1%0.64−33.9%+454%0.320.58%
18
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+15.9%18.4%0.90−39.5%+286%0.130.15%
19
AIZAssurant, Inc. · Property & Casualty Insurance
Whole market+13.3%25.3%0.62−44.6%+312%0.10—
20
SEICSEI Investments Company · Asset Management
Whole market+12.7%22.3%0.65−51.8%+168%0.53—
21
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%-0.12—
22
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.26—
23
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
Whole market+3.8%0.3%13.25−0.3%—0.150.09%
24
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Whole market+14.4%22.9%0.70−40.1%+291%0.10—
25
ADPAutomatic Data Processing, Inc. · Business Services
Same or nearby category+9.0%22.9%0.49−40.8%+320%0.62—
26
SJMThe J. M. Smucker Company · Packaged Foods
Whole market+4.8%25.1%0.32−38.1%+37.2%0.07—
27
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.130.19%
28
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.320.40%
29
MSMMSC Industrial Direct Co., Inc. · Industrial Distribution
Whole market+13.3%25.1%0.63−48.2%+184%0.09—
30
DIVBiShares Core Dividend ETF · Dividend & Income
Whole market+13.9%15.4%0.93−36.9%—0.410.05%
31
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.27—
32
HACKAmplify Cybersecurity ETF · Technology
Whole market+12.6%25.8%0.59−38.7%+373%0.300.60%
33
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
Whole market+5.1%1.7%2.98−2.6%—0.180.20%
34
FBTFirst Trust NYSE Arca Biotechnology Index Fund · Healthcare
Whole market+10.8%22.2%0.58−33.3%+203%0.150.55%
35
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%-0.08—
36
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.08—
37
SSNCSS&C Technologies Holdings, Inc. · Software
Popular alternative+4.7%25.2%0.31−48.9%+200%0.57—
38
IOSPInnospec Inc. · Chemicals - Specialty
Whole market+4.4%26.5%0.29−48.4%+85.1%0.24—
39
NPKNational Presto Industries, Inc. · Aerospace & Defense
Whole market+16.3%27.3%0.69−45.5%+181%0.00—
40
IHAKiShares Cybersecurity and Tech ETF · Technology
Whole market+8.3%25.0%0.44−34.4%—0.330.47%
41
RCBCRiver City Bank · Banks - Regional
Whole market+14.6%27.2%0.64−45.5%+345%0.22—
42
FLBRFranklin FTSE Brazil ETF · International
Whole market+16.0%27.7%0.68−57.4%—0.000.19%
43
EIGEmployers Holdings, Inc. · Insurance - Specialty
Whole market+9.1%23.7%0.49−43.9%+123%0.09—
44
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.450.03%
45
RSPHInvesco S&P 500 Equal Weight Health Care ETF · Healthcare
Whole market+6.1%16.8%0.44−30.4%+177%0.340.40%
46
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.05—
47
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.470.03%
48
CBNKCapital Bancorp, Inc. · Banks - Regional
Whole market+12.1%27.4%0.55−53.7%—0.05—
49
TECBiShares U.S. Tech Breakthrough Multisector ETF · Broad Market
Whole market+13.1%23.9%0.64−41.6%—0.450.30%
50
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.19—
51
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.23—
52
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+537%0.40—
53
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%-0.09—
54
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.04—
55
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.040.48%
56
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.200.40%
57
VRIGInvesco Variable Rate Investment Grade ETF · Bonds
Whole market+4.7%1.3%3.51−13.1%+40.5%0.080.30%
58
BALTInnovator Defined Wealth Shield ETF · Crypto
Whole market+6.3%3.3%1.85−4.9%—0.470.69%
59
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.45—
60
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.350.05%
61
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.400.18%
62
MAMastercard Incorporated · Payment Processing
Whole market+12.4%23.8%0.61−41.0%+541%0.43—
63
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+374%0.08—
64
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.06—
65
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.290.03%
66
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%-0.010.08%
67
FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Financials
Whole market+6.0%2.3%2.55−21.0%+58.0%0.280.60%
68
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.02—
69
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.360.03%
70
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.13—
71
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.07—
72
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%-0.010.40%
73
PGThe Procter & Gamble Company · Household & Personal Products
Whole market+5.1%18.3%0.37−23.8%+145%0.13—
74
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.22—
75
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.390.09%
76
BACBank of America Corporation · Banks
Whole market+4.0%26.6%0.28−49.0%+282%0.36—
77
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%-0.07—
78
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.14—
79
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.09—
80
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+248%0.09—
81
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%-0.10—
82
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.36—
83
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.25—
84
VOVanguard Morningstar Mid-Cap ETF · US Mid-Cap Equity
Whole market+6.8%17.6%0.47−39.4%+198%0.420.03%
85
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.440.04%
86
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.38—
87
FLOTiShares Floating Rate Bond ETF · Floating Rate Bonds
Whole market+4.5%1.8%2.48−13.5%+35.9%0.030.15%
88
EPDEnterprise Products Partners L.P. · Oil & Gas Midstream
Whole market+16.4%17.1%0.98−58.1%+178%0.07—
89
TMToyota Motor Corporation · Automobiles
Whole market+5.0%27.0%0.32−36.8%+129%0.24—
90
BDXBecton, Dickinson and Company · Medical Devices
Whole market+2.3%24.1%0.22−39.9%+71.4%-0.03—
91
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.21—
92
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.250.06%
93
BMOBank of Montreal · Banks
Whole market+13.6%21.4%0.71−51.0%+295%0.13—
94
TAT&T Inc. · Integrated Telecommunications
Whole market+9.8%25.2%0.50−39.4%+60.7%0.20—
95
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.38—
96
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.32—
97
BNSThe Bank of Nova Scotia · Banks
Whole market+12.9%19.9%0.71−46.9%+187%0.25—
98
KDPKeurig Dr Pepper Inc. · Food & Beverages
Whole market+2.5%22.1%0.23−36.9%+281%0.21—
99
VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds
Whole market+2.7%2.9%0.94−6.3%+32.7%0.180.03%
100
UNPUnion Pacific Corporation · Railroads
Whole market+7.1%22.9%0.42−38.7%+295%0.35—

How do TRI's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at TRI, which divides the map into what did better or worse on each measure.

Green points earned more than TRI with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%−20.0%−15.0%−10.0%−5.0%0.0%5.0%10.0%15.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityTRI: 0.7% a year, volatility 29.3%SPY (S&P 500): 12.7% a year, volatility 17.1%SSNC: 4.7% a year, volatility 25.2%MCO: 5.9% a year, volatility 26.9%MSCI: 0.1% a year, volatility 31.3%BR: 1.7% a year, volatility 24.6%RELX: 7.0% a year, volatility 24.1%SPGI: 0.7% a year, volatility 25.6%G: −3.9% a year, volatility 30.3%ACN: −5.2% a year, volatility 32.7%FDS: −4.8% a year, volatility 30.4%MORN: −5.1% a year, volatility 32.4%ADBE: −16.5% a year, volatility 38.1%INTU: −9.4% a year, volatility 39.1%CSGP: −19.3% a year, volatility 36.5%EXLS: 10.6% a year, volatility 32.6%SAP: 11.5% a year, volatility 30.0%ORCL: 7.7% a year, volatility 44.3%FICO: 14.3% a year, volatility 45.5%FCN: 0.9% a year, volatility 30.1%VRSK: −1.4% a year, volatility 25.9%TRISPY (S&P 500)SSNCMCOMSCIBRRELXSPGIGACNFDSADBEINTUCSGPEXLSSAPORCLFICOFCNVRSK10.0%20.0%30.0%40.0%50.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityTRI: 0.7% a year, volatility 29.3%SPY (S&P 500): 12.7% a year, volatility 17.1%SSNC: 4.7% a year, volatility 25.2%MCO: 5.9% a year, volatility 26.9%MSCI: 0.1% a year, volatility 31.3%BR: 1.7% a year, volatility 24.6%RELX: 7.0% a year, volatility 24.1%SPGI: 0.7% a year, volatility 25.6%G: −3.9% a year, volatility 30.3%ACN: −5.2% a year, volatility 32.7%FDS: −4.8% a year, volatility 30.4%MORN: −5.1% a year, volatility 32.4%ADBE: −16.5% a year, volatility 38.1%INTU: −9.4% a year, volatility 39.1%CSGP: −19.3% a year, volatility 36.5%EXLS: 10.6% a year, volatility 32.6%SAP: 11.5% a year, volatility 30.0%ORCL: 7.7% a year, volatility 44.3%FICO: 14.3% a year, volatility 45.5%FCN: 0.9% a year, volatility 30.1%VRSK: −1.4% a year, volatility 25.9%TRISPY (S&P 500)SSNCMCOBRSPGIGACNFDSADBEINTUCSGPEXLSORCLFICOVRSK
All figures
InvestmentAnnual returnVolatility
FICO Fair Isaac Corporation+14.3%45.5%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
SAP SAP SE+11.5%30.0%
EXLS ExlService Holdings, Inc.+10.6%32.6%
ORCL Oracle Corporation+7.7%44.3%
RELX RELX Plc+7.0%24.1%
MCO Moody's Corporation+5.9%26.9%
SSNC SS&C Technologies Holdings, Inc.+4.7%25.2%
BR Broadridge Financial Solutions, Inc.+1.7%24.6%
FCN FTI Consulting, Inc.+0.9%30.1%
SPGI S&P Global Inc.+0.7%25.6%
TRI This pageThomson Reuters Corporation+0.7%29.3%
MSCI MSCI Inc.+0.1%31.3%
VRSK Verisk Analytics, Inc.−1.4%25.9%
G Genpact Limited−3.9%30.3%
FDS FactSet Research Systems Inc.−4.8%30.4%
MORN Morningstar, Inc.−5.1%32.4%
ACN Accenture plc−5.2%32.7%
INTU Intuit Inc.−9.4%39.1%
ADBE Adobe Inc.−16.5%38.1%
CSGP CoStar Group, Inc.−19.3%36.5%
Open these 21 in EasyCompare

Has TRI consistently beaten its popular alternatives?

This section compares TRI with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than TRI helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than TRI over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
TRI Thomson Reuters Corporation (this page)—+18.2%+19.0%+22.4%−8.8%−28.1%−2.5%+3.6%+244%29.3%0.17−63.5%—$49B—
EXLS QualifiedExlService Holdings, Inc.4/5 short3/3 longAll-weather+15.9%+44.9%+28.5%−0.8%+0.4%+52.7%+65.2%+327%32.6%0.47−51.3%—$6.2B—
SAP QualifiedSAP SE4/5 short2/3 long+9.4%+44.6%+29.6%−2.1%−16.6%+81.3%+72.6%+205%30.0%0.52−52.5%—$267B—
SSNC QualifiedSS&C Technologies Holdings, Inc.3/5 short2/3 long+8.1%+25.5%+22.8%+2.5%+8.3%+81.0%+26.0%+200%25.2%0.31−48.9%—$20B—
MCO Financial - Data & Stock ExchangesMoody's Corporation2/5 short3/3 long+1.7%−5.7%+3.8%−4.1%+1.1%+57.3%+33.4%+383%26.9%0.35−42.0%—$82B—
ORCL Software - InfrastructureOracle Corporation0/5 short3/3 long−11.4%+8.4%−25.6%−32.1%−52.1%+33.3%+45.1%+300%44.3%0.38−64.6%—$396B—
MSCI Financial - Data & Stock ExchangesMSCI Inc.2/5 short2/3 long+5.9%−5.0%+5.1%+5.8%+11.8%+25.5%+0.5%+702%31.3%0.16−43.7%—$43B—
BR Information Technology ServicesBroadridge Financial Solutions, Inc.2/5 short2/3 long+9.3%+20.7%+13.1%−16.8%−20.2%+9.7%+8.7%+234%24.6%0.19−48.2%—$20B—
RELX Specialty Business ServicesRELX Plc2/5 short2/3 long+17.9%+16.4%+8.1%−0.3%−13.9%+19.4%+40.0%+167%24.1%0.40−49.9%—$68B—
SPGI Financial - Data & Stock ExchangesS&P Global Inc.1/5 short2/3 long+8.3%−2.1%−0.6%−13.9%−7.4%+28.2%+3.7%+293%25.6%0.16−39.8%—$129B—
FICO Software - ApplicationFair Isaac Corporation0/5 short2/3 long−13.5%−36.7%−24.8%−51.3%−50.6%−12.3%+94.8%+549%45.5%0.52−75.1%—$17B—
G Information Technology ServicesGenpact Limited2/5 short1/3 long+13.6%+27.0%+6.8%−14.3%−1.0%+15.5%−18.1%+85.4%30.3%0.02−49.5%—$6.6B—
FCN Consulting ServicesFTI Consulting, Inc.1/5 short1/3 long+7.1%−6.2%−17.6%−11.5%−1.3%−19.1%+4.5%+247%30.1%0.18−43.5%—$4.2B—
ACN Information Technology ServicesAccenture plc5/5 short0/3 long+29.5%+66.5%+25.1%−4.8%+2.2%−13.6%−23.6%+146%32.7%0.00−67.8%—$146B—
FDS Financial - Data & Stock ExchangesFactSet Research Systems Inc.4/5 short0/3 long+9.9%+22.5%+33.5%+11.1%+9.5%−24.7%−21.8%+127%30.4%-0.01−61.1%—$11B—
MORN Financial - Data & Stock ExchangesMorningstar, Inc.3/5 short0/3 long+5.4%+23.6%+14.2%+1.5%−1.9%−3.7%−22.9%+203%32.4%0.00−60.0%—$7.9B—
VRSK Software - ServicesVerisk Analytics, Inc.1/5 short0/3 long+11.0%−5.2%+6.8%−13.0%−18.1%−16.8%−6.7%+151%25.9%0.08−50.8%—$25B—
ADBE Software - ApplicationAdobe Inc.1/5 short0/3 long+2.9%+9.4%+3.3%−23.0%−25.2%−52.5%−59.4%+135%38.1%-0.28−71.9%—$100B—
INTU Software - ApplicationIntuit Inc.0/5 short0/3 long+10.8%+14.6%−16.4%−46.0%−48.9%−32.1%−38.8%+237%39.1%-0.06−68.2%—$90B—
CSGP Real Estate - ServicesCoStar Group, Inc.0/5 short0/3 long+13.8%+11.4%−17.5%−49.7%−55.9%−55.2%−65.9%+58.4%36.5%-0.41−73.0%—$13B—
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How did TRI do year by year?

This table shows each investment's total return in every full calendar year since 2003, along with where TRI ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with TRI and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of TRI; gray means the two finished within a fraction of a point. The rank row places TRI among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of TRI20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003
TRI This pageThomson Reuters Corporation—−16.6%+11.1%+29.8%−3.1%+48.3%+16.6%+51.4%+13.3%+2.2%+19.1%−3.4%+10.1%+34.5%+13.3%−26.2%+18.7%+14.5%−26.3%+0.4%+22.1%−0.1%−0.6%+40.4%
Rank among alternativesTop quarter in 4 of 2315 of 2013 of 2013 of 205 of 204 of 2016 of 208 of 209 of 2019 of 205 of 2018 of 2012 of 2010 of 2015 of 2020 of 207 of 1916 of 185 of 188 of 157 of 1411 of 1311 of 136 of 13
SPY S&P 500State Street SPDR S&P 500 ETF12 of 23+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%
EXLS ExlService Holdings, Inc.11 of 19−4.4%+43.9%−9.0%+17.1%+70.0%+22.6%+32.0%−12.8%+19.6%+12.2%+56.6%+4.0%+4.2%+18.6%+4.0%+18.5%+112%−63.0%+9.7%————
SAP SAP SE11 of 23−0.4%+61.3%+52.3%−24.2%+9.2%−1.3%+36.4%−10.0%+31.7%+11.1%+15.3%−18.6%+10.0%+55.8%+6.0%+9.8%+31.4%−28.0%−2.6%+18.7%+2.8%+7.0%+114%
SSNC SS&C Technologies Holdings, Inc.9 of 15+16.8%+25.8%+19.2%−35.7%+13.7%+19.5%+37.2%+12.1%+42.5%−15.6%+17.7%+32.5%+91.6%+27.9%−11.9%————————
MCO Moody's Corporation15 of 23+8.7%+22.2%+41.5%−28.0%+35.6%+23.3%+71.3%−4.1%+58.5%−4.5%+6.1%+23.7%+58.3%+51.8%+28.9%+0.8%+35.5%−43.0%−48.0%+13.0%+41.9%+44.1%+47.2%
ORCL Oracle Corporation14 of 23+18.1%+60.0%+30.9%−4.7%+36.9%+24.3%+19.4%−3.0%+24.9%+6.9%−17.6%+19.0%+15.7%+31.8%−17.5%+28.6%+39.4%−21.4%+31.7%+40.4%−11.0%+3.6%+22.6%
MSCI MSCI Inc.10 of 18−3.2%+7.3%+22.9%−23.3%+38.1%+74.4%+77.2%+18.0%+62.6%+10.6%+54.0%+9.0%+41.0%−5.9%−15.5%+22.5%+79.1%−53.8%—————
BR Broadridge Financial Solutions, Inc.11 of 18+0.3%+11.7%+56.3%−25.3%+21.1%+26.3%+30.6%+7.9%+39.1%+25.9%+18.9%+19.6%+77.4%+4.5%+5.8%−0.1%+83.6%−43.2%—————
RELX RELX Plc12 of 23−9.5%+16.6%+46.1%−13.0%+35.4%+0.3%+26.2%−11.2%+34.9%+3.2%+7.4%+16.5%+47.2%+35.8%−0.2%+5.8%+14.3%−50.7%+25.2%+20.3%+3.3%+12.5%−1.8%
SPGI S&P Global Inc.15 of 23+5.7%+13.9%+32.8%−28.4%+44.7%+21.4%+62.3%+1.4%+59.3%+10.5%+12.3%+15.5%+45.9%+30.1%+26.6%+12.0%+49.3%−45.5%−34.7%+33.5%+14.2%+33.0%+17.8%
FICO Fair Isaac Corporation17 of 23−15.1%+71.0%+94.5%+38.0%−15.1%+36.4%+100%+22.1%+28.5%+26.7%+30.4%+15.2%+49.8%+17.5%+53.8%+10.1%+27.0%−47.4%−20.7%−7.8%+20.7%+12.2%+15.3%
G Genpact Limited8 of 18+10.5%+25.8%−24.0%−11.7%+29.5%−0.9%+57.6%−14.1%+31.6%−2.6%+32.0%+3.0%+18.6%+17.8%−1.6%+2.1%+81.4%−46.1%—————
FCN FTI Consulting, Inc.8 of 23−10.6%−4.0%+25.4%+3.5%+37.3%+1.0%+66.1%+55.1%−4.7%+30.1%−10.3%−6.1%+24.7%−22.2%+13.8%−20.9%+5.5%−27.5%+121%+1.6%+30.2%−9.8%−12.7%
ACN Accenture plc14 of 23−22.1%+1.9%+33.6%−34.8%+60.7%+26.0%+51.2%−6.2%+33.3%+14.3%+20.8%+11.4%+26.6%+27.7%+12.0%+19.1%+29.0%−7.5%−1.4%+29.3%+8.3%+2.6%+46.3%
FDS FactSet Research Systems Inc.11 of 23−38.9%+1.6%+20.0%−16.8%+47.5%+25.1%+35.5%+5.0%+19.4%+1.8%+16.7%+31.3%+24.9%+2.2%−5.9%+44.1%+51.1%−19.5%−0.7%+37.9%+6.3%+54.2%+36.0%
MORN Morningstar, Inc.10 of 20−35.0%+18.3%+33.1%−36.3%+48.2%+54.5%+38.9%+14.3%+33.4%−7.5%+25.6%−16.4%+24.9%+6.6%+12.3%+9.9%+36.2%−54.4%+72.6%+30.0%———
VRSK Verisk Analytics, Inc.7 of 16−18.2%+16.0%+36.2%−22.3%+10.8%+39.9%+37.9%+13.6%+18.3%+5.6%+20.0%−2.5%+28.9%+27.0%+17.8%+12.5%———————
ADBE Adobe Inc.14 of 23−21.3%−25.5%+77.3%−40.6%+13.4%+51.6%+45.8%+29.1%+70.2%+9.6%+29.2%+21.4%+58.9%+33.3%−8.2%−16.3%+72.8%−50.2%+3.9%+11.3%+17.9%+60.7%+57.9%
INTU Intuit Inc.16 of 23+6.1%+1.2%+61.8%−39.1%+70.3%+46.1%+34.1%+25.9%+39.2%+20.2%+5.9%+22.1%+29.7%+14.3%+7.0%+60.4%+29.2%−24.7%+3.6%+14.5%+21.1%−16.7%+12.6%
CSGP CoStar Group, Inc.14 of 23−6.1%−18.1%+13.1%−2.2%−14.5%+54.5%+77.4%+13.6%+57.6%−8.8%+12.6%−0.5%+106%+34.0%+15.8%+37.8%+27.1%−30.3%−11.9%+24.1%−6.5%+10.8%+125%
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Risk and diversification

How TRI has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were TRI's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents TRI's five deepest drawdowns since it began trading in 2002, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means TRI fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringTRI fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
No named crash−63.5%+20.5%Jul 2025Jun 202611 monthsNot yet—
2008 financial crisis−56.6%−42.5%Oct 2007Oct 200812 monthsAug 20145.8 years
Covid crash−35.4%−33.7%Feb 2020Mar 20201 monthOct 20207 months
Dot-com bust−26.8%−15.1%Jun 2002Sep 20023 monthsMay 20038 months
2022 bear market−24.6%−15.7%Nov 2021May 20226 monthsFeb 20239 months

How did TRI do in stock market crashes?

This section measures how far TRI, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: TRI began trading on June 12, 2002, so its row reads "Not yet trading" for the dot-com bust. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than TRI.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
TRI This pageThomson Reuters Corporation—−2.4%−19.9%−35.4%−9.3%−7.0%−17.4%−25.1%−2.0%−56.6%Not yet trading
SPY S&P 500State Street SPDR S&P 500 ETF5 of 9−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
EXLS ExlService Holdings, Inc.4 of 9−5.4%−21.3%−46.2%−26.4%−5.6%−13.3%−18.9%0.0%−80.9%—
SAP SAP SE4 of 9−2.0%−41.9%−32.6%−25.0%−6.9%−13.3%−25.0%−1.4%−49.6%−87.9%
SSNC SS&C Technologies Holdings, Inc.2 of 8−7.1%−44.3%−47.2%−26.7%−3.3%−26.4%−30.9%−0.9%——
MCO Moody's Corporation2 of 9−3.4%−37.6%−42.0%−26.1%−4.6%−29.3%−27.6%−0.7%−69.3%−18.5%
ORCL Oracle Corporation4 of 9−5.0%−31.0%−28.3%−17.2%−6.6%−16.1%−23.9%−2.1%−41.1%−84.2%
MSCI MSCI Inc.3 of 8−2.5%−35.8%−32.2%−24.6%−6.1%−13.3%−26.3%−1.7%——
BR Broadridge Financial Solutions, Inc.4 of 9−3.8%−25.4%−31.1%−31.2%−4.4%−16.7%−18.9%−2.4%−59.0%—
RELX RELX Plc5 of 9−1.4%−25.1%−37.7%−7.9%−4.7%−10.0%−19.2%−4.4%−57.0%−33.3%
SPGI S&P Global Inc.3 of 9−4.2%−36.3%−38.1%−24.6%−6.2%−21.3%−20.8%−0.4%−66.4%−29.5%
FICO Fair Isaac Corporation2 of 9−2.5%−34.8%−50.9%−25.4%−7.8%−16.0%−32.8%−0.6%−75.1%−45.8%
G Genpact Limited3 of 9−4.9%−28.0%−48.4%−15.9%−5.6%−9.9%−22.3%−2.9%−61.7%—
FCN FTI Consulting, Inc.6 of 9−0.4%−18.6%−19.7%−19.9%−5.5%−33.4%−9.5%−3.1%−50.7%−46.2%
ACN Accenture plc5 of 9−4.7%−37.3%−33.5%−22.6%−4.1%−14.9%−22.7%−1.9%−35.7%—
FDS FactSet Research Systems Inc.4 of 9−3.0%−25.9%−33.6%−19.7%−5.7%−22.3%−18.4%−2.2%−54.4%−59.0%
MORN Morningstar, Inc.4 of 9−10.0%−37.3%−35.4%−19.4%−4.9%−11.2%−16.7%−0.7%−67.9%—
VRSK Verisk Analytics, Inc.3 of 8−2.6%−28.4%−28.5%−17.4%−6.6%−19.1%−8.0%−1.0%——
ADBE Adobe Inc.4 of 9−6.2%−50.3%−25.6%−25.5%−5.4%−22.7%−23.6%−0.2%−66.7%−79.9%
INTU Intuit Inc.2 of 9−6.0%−42.7%−36.3%−20.8%−6.5%−24.8%−18.0%−3.4%−38.3%−66.0%
CSGP CoStar Group, Inc.3 of 9−5.0%−31.2%−29.1%−23.9%−4.5%−29.2%−20.8%−3.8%−60.8%−71.0%
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How closely does TRI move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares TRI with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than TRI's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
TRI This pageThomson Reuters Corporation69%67%1.040.63
FCN FTI Consulting, Inc.52%29%1.800.19
MSCI MSCI Inc.131%121%1.081.12
EXLS ExlService Holdings, Inc.99%109%0.900.90
RELX RELX Plc61%69%0.880.73
MCO Moody's Corporation131%151%0.871.26
VRSK Verisk Analytics, Inc.63%73%0.870.73
FICO Fair Isaac Corporation137%159%0.861.31
BR Broadridge Financial Solutions, Inc.90%105%0.850.90
SPGI S&P Global Inc.107%125%0.851.04
ORCL Oracle Corporation131%159%0.821.30
MORN Morningstar, Inc.93%117%0.791.07
INTU Intuit Inc.99%126%0.791.03
SAP SAP SE112%152%0.741.10
SSNC SS&C Technologies Holdings, Inc.113%153%0.741.32
FDS FactSet Research Systems Inc.71%97%0.730.76
ADBE Adobe Inc.123%184%0.671.24
ACN Accenture plc117%186%0.631.12
G Genpact Limited90%146%0.610.99
CSGP CoStar Group, Inc.79%139%0.570.85
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What diversifies TRI?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with TRI's. Because such investments tend not to fall at the same time, pairing TRI with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which TRI lost money. The last two columns show a portfolio that is 80% TRI and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202520222015201120082005200480/20 mix volatility80/20 mix annual return
TRI Thomson Reuters Corporation (this page)1.00+3.6%0.17−16.6%−3.1%−3.4%−26.2%−26.3%−0.1%−0.6%25.8%−0.9%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.20+119%1.48+27.1%+3.8%—————21.1%+3.0%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.04+225%1.34+32.8%+6.0%+7.7%−16.1%−20.8%——20.8%+4.8%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.20+101%1.04+9.7%+10.4%−25.3%————21.4%+2.8%
HDV Dividend & IncomeiShares Core High Dividend ETF0.19+83.3%1.00+11.9%+7.1%−0.3%————21.3%+2.1%
SMH TechnologyVanEck Semiconductor ETF0.20+323%0.97+49.2%−33.5%−0.3%+6.8%−44.7%+10.8%−19.3%23.0%+7.1%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.36+85.0%0.96+23.1%−5.1%+4.1%————21.5%+2.3%
GLD CommoditiesSPDR Gold Shares-0.01+126%0.96+63.7%−0.8%−10.7%+9.6%+4.9%+17.8%—20.9%+3.5%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.29+136%0.93+26.6%−10.4%—————22.1%+3.9%

Stocks

InvestmentCorrelation5Y returnSharpe202520222015201120082005200480/20 mix volatility80/20 mix annual return
TRI Thomson Reuters Corporation (this page)1.00+3.6%0.17−16.6%−3.1%−3.4%−26.2%−26.3%−0.1%−0.6%25.8%−0.9%
CAH Medical - DistributionCardinal Health, Inc.0.08+479%1.55+76.3%+54.1%+12.6%+8.1%−39.6%+18.7%−4.7%21.7%+6.9%
CLS Hardware, Equipment & PartsCelestica Inc.0.16+3,143%1.47+220%+1.3%−6.0%−24.4%−20.5%−25.2%−6.4%25.3%+18.4%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.08+1,636%1.46+121%+17.0%+67.7%−17.0%−15.2%+20.1%+40.0%23.2%+15.0%
MCK Medical - DistributionMcKesson Corporation0.07+413%1.44+44.5%+51.8%−4.5%+11.8%−40.4%+64.9%−1.4%21.6%+6.4%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.09+690%1.41+19.2%+86.6%+17.4%————22.2%+8.8%
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Common questions

What was TRI's worst drawdown?

TRI's deepest decline since it began trading in 2002 was 63.5%, from July 2025 to June 2026. It has not yet climbed back to that peak.

What were TRI's best and worst years?

Over 23 full calendar years, TRI's best year was 2019, when it returned 51.4%. Its worst was 2008, with a return of -26.3%.

Is there a better investment than TRI?

Among TRI's popular alternatives, SSNC, RELX and MCO earned more than TRI with less volatility over the past 5 years. SSNC returned 4.7% a year at 25.2% volatility, against 0.7% a year at 29.3%. Looking beyond its popular alternatives, ADP (business services) and RTX (aerospace & defense) earned more than TRI with less volatility over the past 5 years. ADP returned 9.0% a year at 22.9% volatility, against 0.7% a year at 29.3%.

Is TRI more volatile than the S&P 500?

Yes. TRI's volatility over the past 5 years was 29.3%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TRI's return lands within 29.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is TRI's Sharpe ratio?

TRI's Sharpe ratio over the past 5 years was 0.17, against 0.79 for the S&P 500, so TRI earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is TRI with the S&P 500?

Over the past 5 years, TRI's monthly returns had a correlation of 0.47 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TRI instead: the lower it is, the more that option would diversify a TRI holding.

What are the best alternatives to TRI?

Of the 19 popular alternatives we compared, three outperformed TRI in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: EXLS, SAP and SSNC.

Did TRI outperform the S&P 500?

TRI finished ahead of the S&P 500 (SPY) in 11 of 23 full calendar years. In 2025, it returned -16.6%, against +17.7% for the index.

How did TRI do in stock market crashes?

TRI fell less than the S&P 500 (SPY) in three of the nine major crashes it has traded through, and further in five. The clearest case was the 2011 euro debt crisis, when TRI fell 25.1% and the S&P 500 fell 17.9%.

What diversifies TRI?

These had a low correlation with TRI over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.20), DXJ (correlation 0.04) and EMLP (correlation 0.20); among large stocks, CAH (correlation 0.08), CLS (correlation 0.16) and FIX (correlation 0.08). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to TRI

Other stocks and ETFs