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
- Right nowTRI is 45.8% below its high, bear-market territory, while the S&P 500 sits 1.3% below a record. That said, it has run far ahead of the market, rising 19.0% over the past 3 months against 3.9% for the S&P 500 and 3.2% for the Nasdaq 100. At a glance ↓
- Stock or market?TRI held up far better than its industry: it rose 19.0% over the past 3 months while the business services ETF XLI (State Street Industrial Select Sector SPDR ETF) fell 6.1%. The S&P 500 rose 3.9%. Last month cut against the tape: TRI rose 18.2% while the S&P 500 fell 0.6%.
- Past 1 to 3 yearsOver the past year, TRI fell 28.1% while the S&P 500 rose 15.8%. The same gap shows up over 3 years (2.5% against 89.3%). The long record (ahead of 67% of the stocks worth at least $300 million over 10 years) has not carried into the past 3 years (behind 78% of them). By year ↓
- Long termTRI turned $10,000 into $34,400 over the past decade, against $42,100 in the S&P 500. Growth of $10,000 ↓
- In a crashIn the 2022 bear market, TRI held up better than SPGI (S&P Global), MCO and RELX; only FCN (FTI Consulting) fell less. Crash tests ↓
- DiversificationAgainst the S&P 500, TRI has a correlation of 0.47 over 5 years, more closely than 66% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. TRI fell in 18 of the 22 months the S&P 500 fell over the past 5 years: it usually fell with it. By year ↓
- Better options
- Popular alternatives
- SSNC (SS&C Technologies), RELX and MCO (Moody's) 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%.
- Nearby categories and themes
- ADP (Automatic Data Processing, 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%.
- Whole market
- 1,114 of the 3,633 stocks and funds worth at least $500 million earned more than TRI with less volatility over the past 5 years, among them VTI (Vanguard Morningstar Total Stock Market ETF), VOO (Vanguard S&P 500 ETF) and BRK-B (Berkshire Hathaway).
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.
- $10,000 invested in TRI at the end of September 2002 would have grown to $70,274 by September 2026, less than the $144,215 it would have become in SPY, an S&P 500 fund.
- Six of the eight other investments on the chart ended ahead of TRI, and FICO finished highest, at $280,661.
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.
- 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
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.
- 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
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.
- TRI is still 45.8% below its all-time high.
- 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.
- Over 23 full calendar years, TRI's best was 2019, when it returned 51.4%, and its worst was 2008, when it lost 26.3%. It lost money in seven of those years.
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.
- TRI is among the steadier stocks: its price swings rank in the top 23% of the 2,893 stocks worth at least $300 million, where the top is the calmest.
- TRI's 1-year return ranks in the bottom 14% of the 3,287 stocks worth at least $300 million with 1 year of history.
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.
| Measure | TRI | Rank | Standing |
|---|---|---|---|
| 1-year return | −28.1% | 2,814 of 3,287 | bottom 15% |
| 3-year return | −2.5% | 2,364 of 3,017 | bottom 23% |
| 5-year return | +3.6% | 1,683 of 2,893 | bottom 43% |
| 10-year return | +244% | 724 of 2,202 | top 33% |
| Volatility, 5 years | 29.3% | 656 of 2,893 | top 23% |
| Sharpe ratio, 5 years | 0.17 | 1,931 of 2,893 | bottom 34% |
| Worst decline, past 10 years | −63.5% | 1,025 of 2,187 | top 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.
- 344 stocks and 770 ETFs worth at least $500 million sit in the green region: each earned more than TRI over the past 5 years with smaller price swings. That is 31% of the 3,633 screened.
- Among those with at least half TRI's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 15% less than TRI's 29.3%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.17 for TRI.
- Among TRI's popular alternatives, RELX, MCO and SSNC are in the region. RELX earned 7.0% a year against 0.7% a year for TRI, at 24.1% volatility, 18% less than TRI's 29.3%.
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.
- 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.
- 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%.
- Across the whole market, 1,114 of the 3,633 stocks and funds worth at least $500 million earned more than TRI with less volatility over the past 5 years, among them VTI, VOO and BRK-B.
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.
| Investment | Why it is better | Past 5 years | Downside | Long run | Fit | ||||
|---|---|---|---|---|---|---|---|---|---|
| Annual return?higher is better | Volatility?lower is calmer | Sharpe?return per unit of risk | Worst decline?past 10 years | 10Y returntotal | Corr. with TRI?lower diversifies more | Expenseper year | |||
| +0.7% | 29.3% | 0.17 | −63.5% | +244% | 1.00 | — | |||
| +12.7% | 17.1% | 0.79 | −33.7% | +321% | 0.47 | 0.09% | |||
| 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 | — | |
| Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +11.5% | 30.0% | 0.52 | −52.5% | +205% | 0.65 | — | ||
| Higher return, lower volatilityHigher Sharpe, smaller worst decline | +7.0% | 24.1% | 0.40 | −49.9% | +167% | 0.72 | — | ||
| 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. | |||||||||
| 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 | — | |
| Higher return, lower volatilityHigher Sharpe, smaller worst decline | +18.6% | 24.3% | 0.83 | −52.0% | +317% | 0.12 | — | ||
| Higher return, lower volatilityHigher Sharpe, smaller worst decline | +16.5% | 23.1% | 0.78 | −48.4% | +808% | 0.55 | — | ||
| 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. | |||||||||
| Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.01 | — | ||
| Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +12.8% | 22.9% | 0.64 | −36.4% | +429% | 0.46 | — | ||
| Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.23 | — | ||
| Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +19.5% | 25.2% | 0.84 | −55.8% | +238% | 0.08 | — | ||
| Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +21.0% | 23.4% | 0.94 | −42.9% | +242% | 0.08 | — | ||
| 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% | 0.15 | 0.59% | |
| Similar return, lower volatilityHigher Sharpe, smaller worst decline | +1.7% | 2.8% | 0.63 | −8.5% | +20.5% | 0.25 | 0.03% | ||
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.
| # | Investment | Found in | Annual return | Volatility | Sharpe | Worst decline | 10Y return | Corr. with TRI | Expense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Whole market | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.01 | — | |
| 2 | Whole market | +12.8% | 22.9% | 0.64 | −36.4% | +429% | 0.46 | — | |
| 3 | Whole market | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.23 | — | |
| 4 | Whole market | +19.5% | 25.2% | 0.84 | −55.8% | +238% | 0.08 | — | |
| 5 | Whole market | +21.0% | 23.4% | 0.94 | −42.9% | +242% | 0.08 | — | |
| 6 | Whole market | +38.7% | 25.0% | 1.44 | −38.1% | +586% | 0.07 | — | |
| 7 | Whole market | +16.3% | 24.8% | 0.74 | −43.4% | +241% | -0.09 | — | |
| 8 | Whole market | +19.6% | 24.9% | 0.85 | −24.9% | +266% | 0.12 | — | |
| 9 | Whole market | +22.4% | 22.3% | 1.02 | −46.3% | +347% | 0.18 | — | |
| 10 | Whole market | +11.2% | 20.8% | 0.62 | −37.4% | +319% | 0.37 | — | |
| 11 | Whole market | +11.9% | 19.4% | 0.68 | −54.4% | +30.4% | -0.07 | — | |
| 12 | 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 | 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% | 0.15 | 0.59% |
| 17 | CIBRFirst Trust Nasdaq Cybersecurity ETF · Cybersecurity | Whole market | +14.1% | 26.1% | 0.64 | −33.9% | +454% | 0.32 | 0.58% |
| 18 | VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value | Whole market | +15.9% | 18.4% | 0.90 | −39.5% | +286% | 0.13 | 0.15% |
| 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 | Whole market | +3.8% | 0.3% | 13.25 | −0.3% | — | 0.15 | 0.09% | |
| 24 | THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance | Whole market | +14.4% | 22.9% | 0.70 | −40.1% | +291% | 0.10 | — |
| 25 | 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% | — | 0.13 | 0.19% |
| 28 | RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity | Whole market | +16.9% | 25.1% | 0.75 | −33.7% | +572% | 0.32 | 0.40% |
| 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% | — | 0.41 | 0.05% |
| 31 | 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% | 0.30 | 0.60% |
| 33 | JAAAJanus Henderson AAA CLO ETF · CLO Bonds | Whole market | +5.1% | 1.7% | 2.98 | −2.6% | — | 0.18 | 0.20% |
| 34 | FBTFirst Trust NYSE Arca Biotechnology Index Fund · Healthcare | Whole market | +10.8% | 22.2% | 0.58 | −33.3% | +203% | 0.15 | 0.55% |
| 35 | Whole market | +27.1% | 26.5% | 1.04 | −61.0% | +214% | -0.08 | — | |
| 36 | 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% | — | 0.33 | 0.47% |
| 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% | — | 0.00 | 0.19% |
| 43 | EIGEmployers Holdings, Inc. · Insurance - Specialty | Whole market | +9.1% | 23.7% | 0.49 | −43.9% | +123% | 0.09 | — |
| 44 | Whole market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.45 | 0.03% | |
| 45 | RSPHInvesco S&P 500 Equal Weight Health Care ETF · Healthcare | Whole market | +6.1% | 16.8% | 0.44 | −30.4% | +177% | 0.34 | 0.40% |
| 46 | Whole market | +21.0% | 24.8% | 0.90 | −67.2% | +233% | 0.05 | — | |
| 47 | Whole market | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.47 | 0.03% | |
| 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% | — | 0.45 | 0.30% |
| 50 | Whole market | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.19 | — | |
| 51 | Whole market | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.23 | — | |
| 52 | Whole market | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.40 | — | |
| 53 | Whole market | +12.7% | 17.9% | 0.76 | −27.4% | +196% | -0.09 | — | |
| 54 | 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% | 0.04 | 0.48% |
| 56 | LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity | Whole market | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.20 | 0.40% |
| 57 | VRIGInvesco Variable Rate Investment Grade ETF · Bonds | Whole market | +4.7% | 1.3% | 3.51 | −13.1% | +40.5% | 0.08 | 0.30% |
| 58 | BALTInnovator Defined Wealth Shield ETF · Crypto | Whole market | +6.3% | 3.3% | 1.85 | −4.9% | — | 0.47 | 0.69% |
| 59 | Whole market | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.45 | — | |
| 60 | Whole market | +8.2% | 16.4% | 0.57 | −36.0% | +140% | 0.35 | 0.05% | |
| 61 | Whole market | +14.5% | 23.0% | 0.71 | −35.1% | +553% | 0.40 | 0.18% | |
| 62 | Whole market | +12.4% | 23.8% | 0.61 | −41.0% | +541% | 0.43 | — | |
| 63 | Whole market | +16.8% | 26.1% | 0.73 | −42.0% | +374% | 0.08 | — | |
| 64 | Whole market | +17.1% | 20.7% | 0.87 | −26.8% | +226% | 0.06 | — | |
| 65 | Whole market | +12.1% | 13.7% | 0.90 | −36.8% | +235% | 0.29 | 0.03% | |
| 66 | Whole market | +22.6% | 25.5% | 0.93 | −66.8% | +189% | -0.01 | 0.08% | |
| 67 | FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Financials | Whole market | +6.0% | 2.3% | 2.55 | −21.0% | +58.0% | 0.28 | 0.60% |
| 68 | Whole market | +22.8% | 24.9% | 0.95 | −30.5% | +200% | 0.02 | — | |
| 69 | Whole market | +9.3% | 16.9% | 0.61 | −35.8% | +153% | 0.36 | 0.03% | |
| 70 | Whole market | +15.8% | 20.0% | 0.84 | −42.0% | +310% | 0.13 | — | |
| 71 | Whole market | +19.9% | 22.3% | 0.93 | −42.5% | +361% | 0.07 | — | |
| 72 | Whole market | +17.7% | 18.9% | 0.96 | −26.4% | +213% | -0.01 | 0.40% | |
| 73 | Whole market | +5.1% | 18.3% | 0.37 | −23.8% | +145% | 0.13 | — | |
| 74 | Whole market | +11.5% | 20.9% | 0.63 | −32.6% | +394% | 0.22 | — | |
| 75 | Whole market | +18.4% | 26.0% | 0.78 | −35.1% | +779% | 0.39 | 0.09% | |
| 76 | Whole market | +4.0% | 26.6% | 0.28 | −49.0% | +282% | 0.36 | — | |
| 77 | Whole market | +18.7% | 22.0% | 0.90 | −56.1% | +98.2% | -0.07 | — | |
| 78 | 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 | Whole market | +15.7% | 20.4% | 0.82 | −42.6% | +248% | 0.09 | — | |
| 81 | Whole market | +17.8% | 21.4% | 0.88 | −53.7% | +140% | -0.10 | — | |
| 82 | Whole market | +22.7% | 24.4% | 0.97 | −50.5% | +341% | 0.36 | — | |
| 83 | Whole market | +19.2% | 21.6% | 0.93 | −47.3% | +395% | 0.25 | — | |
| 84 | Whole market | +6.8% | 17.6% | 0.47 | −39.4% | +198% | 0.42 | 0.03% | |
| 85 | Whole market | +10.4% | 14.1% | 0.78 | −31.7% | +258% | 0.44 | 0.04% | |
| 86 | 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% | 0.03 | 0.15% |
| 88 | Whole market | +16.4% | 17.1% | 0.98 | −58.1% | +178% | 0.07 | — | |
| 89 | Whole market | +5.0% | 27.0% | 0.32 | −36.8% | +129% | 0.24 | — | |
| 90 | Whole market | +2.3% | 24.1% | 0.22 | −39.9% | +71.4% | -0.03 | — | |
| 91 | Whole market | +24.2% | 22.8% | 1.07 | −32.4% | +406% | 0.21 | — | |
| 92 | Whole market | +9.7% | 14.3% | 0.72 | −33.4% | +252% | 0.25 | 0.06% | |
| 93 | Whole market | +13.6% | 21.4% | 0.71 | −51.0% | +295% | 0.13 | — | |
| 94 | Whole market | +9.8% | 25.2% | 0.50 | −39.4% | +60.7% | 0.20 | — | |
| 95 | Whole market | +22.6% | 24.0% | 0.97 | −57.5% | +373% | 0.38 | — | |
| 96 | Whole market | +26.3% | 24.9% | 1.07 | −41.6% | +654% | 0.32 | — | |
| 97 | Whole market | +12.9% | 19.9% | 0.71 | −46.9% | +187% | 0.25 | — | |
| 98 | Whole market | +2.5% | 22.1% | 0.23 | −36.9% | +281% | 0.21 | — | |
| 99 | Whole market | +2.7% | 2.9% | 0.94 | −6.3% | +32.7% | 0.18 | 0.03% | |
| 100 | Whole market | +7.1% | 22.9% | 0.42 | −38.7% | +295% | 0.35 | — |
TRI against its popular alternatives
The investments people most often weigh against TRI, compared period by period and year by year.
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.
- Five of the 19 popular alternatives, led by RELX, MCO and SSNC, were both more rewarding and calmer than TRI over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, TRI returned 0.7% a year, less than the S&P 500's 12.7%, with higher volatility (29.3% against 17.1%).
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.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| 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% |
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.
- Three of the 19 popular alternatives, EXLS, SAP and SSNC, outperformed TRI in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- EXLS outperformed TRI in every long-term period and in all but one short-term period, the most consistent record in the group.
- SAP, EXLS and RELX earned more for the risk they took than TRI (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
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.
| Investment | Periods outperformed | Short term | Long term | Risk · 5 years | Fund | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame 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 SE | 4/5 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 Corporation | 2/5 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 Corporation | 0/5 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 Plc | 2/5 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 Corporation | 0/5 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 Limited | 2/5 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 plc | 5/5 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 | — |
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.
- Ranked against its popular alternatives each year, TRI finished in the top quarter in four of 23 years and in the bottom quarter in seven. In 2025, it ranked 15 of 20.
- TRI finished ahead of the S&P 500 in 11 of its 23 full calendar years, and behind it in each of the last two.
- Among its popular alternatives, FICO came out ahead of TRI most often, in 17 of the 23 years both traded.
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.
| Investment | Years ahead of TRI | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 alternatives | Top quarter in 4 of 23 | 15 of 20 | 13 of 20 | 13 of 20 | 5 of 20 | 4 of 20 | 16 of 20 | 8 of 20 | 9 of 20 | 19 of 20 | 5 of 20 | 18 of 20 | 12 of 20 | 10 of 20 | 15 of 20 | 20 of 20 | 7 of 19 | 16 of 18 | 5 of 18 | 8 of 15 | 7 of 14 | 11 of 13 | 11 of 13 | 6 of 13 |
| SPY S&P 500State Street SPDR S&P 500 ETF | 12 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 SE | 11 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 Corporation | 15 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 Corporation | 14 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 Plc | 12 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 Corporation | 17 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 Limited | 8 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 plc | 14 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% |
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.
- In all five of TRI's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: TRI fell 63.5% from July 2025 to June 2026, while the S&P 500 rose 20.5%.
- The slowest recovery came after TRI fell 56.6% from October 2007 to October 2008; it did not regain that peak until August 2014, six years later.
Green means TRI fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | TRI fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| No named crash | −63.5% | +20.5% | Jul 2025 | Jun 2026 | 11 months | Not yet | — |
| 2008 financial crisis | −56.6% | −42.5% | Oct 2007 | Oct 2008 | 12 months | Aug 2014 | 5.8 years |
| Covid crash | −35.4% | −33.7% | Feb 2020 | Mar 2020 | 1 month | Oct 2020 | 7 months |
| Dot-com bust | −26.8% | −15.1% | Jun 2002 | Sep 2002 | 3 months | May 2003 | 8 months |
| 2022 bear market | −24.6% | −15.7% | Nov 2021 | May 2022 | 6 months | Feb 2023 | 9 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.
- Among its popular alternatives, FCN held up best, falling less than TRI in six of the nine crashes they both traded through.
- TRI began trading after the dot-com bust, but 11 of its popular alternatives lived through it. The mildest fall among them was MCO's 18.5%, against 47.5% for the S&P 500.
- TRI fell further than the S&P 500 in five of the nine crashes it has traded through. The clearest case was the 2011 euro debt crisis, when TRI fell 25.1% and the S&P 500 fell 17.9%.
Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than TRI.
| Investment | Held up better | 2023 regional bank crisisMar 2023 | 2022 bear marketJan 2022 | Covid crashFeb 2020 | Late-2018 sell-offSep 2018 | February 2018 volatility shockFeb 2018 | 2015 China and oil sell-offAug 2015 | 2011 euro debt crisisJul 2011 | 2010 flash crashMay 2010 | 2008 financial crisisOct 2007 | Dot-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 ETF | 5 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 SE | 4 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 Corporation | 2 of 9 | −3.4% | −37.6% | −42.0% | −26.1% | −4.6% | −29.3% | −27.6% | −0.7% | −69.3% | −18.5% |
| ORCL Oracle Corporation | 4 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 Plc | 5 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 Corporation | 2 of 9 | −2.5% | −34.8% | −50.9% | −25.4% | −7.8% | −16.0% | −32.8% | −0.6% | −75.1% | −45.8% |
| G Genpact Limited | 3 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 plc | 5 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% |
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.
- Over the past 10 years, TRI captured 69% of the S&P 500's gains in rising months and 67% of its losses in falling months, with a beta of 0.63. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- Only FCN and MSCI had a higher capture ratio (upside capture divided by downside capture) than TRI's 1.04, out of 19 popular alternatives with the same record.
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.
| Investment | Upside capture | Downside capture | Capture ratio | Beta |
|---|---|---|---|---|
| TRI This pageThomson Reuters Corporation | 69% | 67% | 1.04 | 0.63 |
| FCN FTI Consulting, Inc. | 52% | 29% | 1.80 | 0.19 |
| MSCI MSCI Inc. | 131% | 121% | 1.08 | 1.12 |
| EXLS ExlService Holdings, Inc. | 99% | 109% | 0.90 | 0.90 |
| RELX RELX Plc | 61% | 69% | 0.88 | 0.73 |
| MCO Moody's Corporation | 131% | 151% | 0.87 | 1.26 |
| VRSK Verisk Analytics, Inc. | 63% | 73% | 0.87 | 0.73 |
| FICO Fair Isaac Corporation | 137% | 159% | 0.86 | 1.31 |
| BR Broadridge Financial Solutions, Inc. | 90% | 105% | 0.85 | 0.90 |
| SPGI S&P Global Inc. | 107% | 125% | 0.85 | 1.04 |
| ORCL Oracle Corporation | 131% | 159% | 0.82 | 1.30 |
| MORN Morningstar, Inc. | 93% | 117% | 0.79 | 1.07 |
| INTU Intuit Inc. | 99% | 126% | 0.79 | 1.03 |
| SAP SAP SE | 112% | 152% | 0.74 | 1.10 |
| SSNC SS&C Technologies Holdings, Inc. | 113% | 153% | 0.74 | 1.32 |
| FDS FactSet Research Systems Inc. | 71% | 97% | 0.73 | 0.76 |
| ADBE Adobe Inc. | 123% | 184% | 0.67 | 1.24 |
| ACN Accenture plc | 117% | 186% | 0.63 | 1.12 |
| G Genpact Limited | 90% | 146% | 0.61 | 0.99 |
| CSGP CoStar Group, Inc. | 79% | 139% | 0.57 | 0.85 |
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.
- Moving a fifth of the money in TRI into DXJ would have cut the portfolio's volatility by 19% over the past 5 years and raised its annual return (-0.9% for TRI alone, +4.8% for the mix).
- CAH made money in five of the seven calendar years in which TRI lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of TRI over the past 5 years, with correlations of 0.20 or lower, and each still earned a positive 5-year return.
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
| Investment | Correlation | 5Y return | Sharpe | 2025 | 2022 | 2015 | 2011 | 2008 | 2005 | 2004 | 80/20 mix volatility | 80/20 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 ETF | 0.20 | +119% | 1.48 | +27.1% | +3.8% | — | — | — | — | — | 21.1% | +3.0% |
| DXJ InternationalWisdomTree Japan Hedged Equity Fund | 0.04 | +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 Fund | 0.20 | +101% | 1.04 | +9.7% | +10.4% | −25.3% | — | — | — | — | 21.4% | +2.8% |
| HDV Dividend & IncomeiShares Core High Dividend ETF | 0.19 | +83.3% | 1.00 | +11.9% | +7.1% | −0.3% | — | — | — | — | 21.3% | +2.1% |
| SMH TechnologyVanEck Semiconductor ETF | 0.20 | +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 ETF | 0.36 | +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 ETF | 0.29 | +136% | 0.93 | +26.6% | −10.4% | — | — | — | — | — | 22.1% | +3.9% |
Stocks
| Investment | Correlation | 5Y return | Sharpe | 2025 | 2022 | 2015 | 2011 | 2008 | 2005 | 2004 | 80/20 mix volatility | 80/20 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 Corporation | 0.07 | +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 Corporation | 0.09 | +690% | 1.41 | +19.2% | +86.6% | +17.4% | — | — | — | — | 22.2% | +8.8% |
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
- Short-term periods are 1M, 3M, 6M, YTD, 1Y; long-term periods are 3Y, 5Y, 10Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than TRI's. Returns within 0.5 points or 3% of TRI's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 short-term periods and 2 of 3 long-term periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 5 years, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Upside and downside capture follow Morningstar's definition: the compound monthly return in the months the S&P 500 rose (or fell), divided by the S&P 500's compound return in those months. Beta measures how strongly monthly returns have moved with the S&P 500. All three use the same window for every investment.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.