TRI.TO vs. SPGI
TRI.TO (Thomson Reuters Corporation) and SPGI (S&P Global Inc.) are both stocks. TRI.TO operates in Specialty Business Services (Industrials), while SPGI operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, TRI.TO returned 10.20%/yr vs 16.09%/yr for SPGI. At a 0.40 correlation, their price movements are largely independent.
Performance
TRI.TO vs. SPGI - Performance Comparison
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Different Trading Currencies
TRI.TO is traded in CAD, while SPGI is traded in USD. To make them comparable, the SPGI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRI.TO achieves a -36.52% return, which is significantly lower than SPGI's -19.73% return. Over the past 10 years, TRI.TO has underperformed SPGI with an annualized return of 10.20%, while SPGI has yielded a comparatively higher 16.09% annualized return.
TRI.TO
- 1D
- -2.93%
- 1M
- -11.18%
- YTD
- -36.52%
- 6M
- -38.67%
- 1Y
- -56.64%
- 3Y*
- -9.41%
- 5Y*
- 1.37%
- 10Y*
- 10.20%
SPGI
- 1D
- 0.00%
- 1M
- -0.52%
- YTD
- -19.73%
- 6M
- -17.02%
- 1Y
- -17.81%
- 3Y*
- 4.91%
- 5Y*
- 5.18%
- 10Y*
- 16.09%
TRI.TO vs. SPGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRI.TO Thomson Reuters Corporation | -36.52% | -20.40% | 20.71% | 31.99% | 3.83% | 47.48% | 14.40% | 44.06% | 23.99% | -3.89% |
SPGI S&P Global Inc. | -19.73% | 0.86% | 23.72% | 29.87% | -23.28% | 43.38% | 19.34% | 54.29% | 9.97% | 49.17% |
Correlation
The correlation between TRI.TO and SPGI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.40 |
Fundamentals
TRI.TO:
CA$50.74B
SPGI:
$125.03B
TRI.TO:
CA$3.41
SPGI:
$15.79
TRI.TO:
34.04
SPGI:
26.61
TRI.TO:
13.08
SPGI:
3.48
TRI.TO:
6.78
SPGI:
8.08
TRI.TO:
4.29
SPGI:
4.00
TRI.TO:
CA$7.63B
SPGI:
$15.73B
TRI.TO:
CA$4.31B
SPGI:
$8.15B
TRI.TO:
CA$3.15B
SPGI:
$7.83B
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Return for Risk
TRI.TO vs. SPGI — Risk / Return Rank
TRI.TO
SPGI
TRI.TO vs. SPGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thomson Reuters Corporation (TRI.TO) and S&P Global Inc. (SPGI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TRI.TO | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 0.90 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.56 | -0.34 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.13 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRI.TO | SPGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.37 | -0.65 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.22 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.65 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.83 | -0.48 |
Drawdowns
TRI.TO vs. SPGI - Drawdown Comparison
The maximum TRI.TO drawdown since its inception was -63.01%, which is greater than SPGI's maximum drawdown of -34.84%. Use the drawdown chart below to compare losses from any high point for TRI.TO and SPGI.
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Drawdown Indicators
| TRI.TO | SPGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.01% | -34.84% | -28.17% |
Max Drawdown (1Y)Largest decline over 1 year | -63.01% | -31.69% | -31.32% |
Max Drawdown (3Y)Largest decline over 3 years | -63.01% | -31.69% | -31.32% |
Max Drawdown (5Y)Largest decline over 5 years | -63.01% | -34.84% | -28.17% |
Max Drawdown (10Y)Largest decline over 10 years | -63.01% | -34.84% | -28.17% |
Current DrawdownCurrent decline from peak | -60.53% | -25.88% | -34.65% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -7.40% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.49% | 15.75% | +23.74% |
Volatility
TRI.TO vs. SPGI - Volatility Comparison
Thomson Reuters Corporation (TRI.TO) has a higher volatility of 17.85% compared to S&P Global Inc. (SPGI) at 7.51%. This indicates that TRI.TO's price experiences larger fluctuations and is considered to be riskier than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRI.TO | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.85% | 7.51% | +10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 36.57% | 24.07% | +12.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.57% | 27.65% | +13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.95% | 23.35% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.75% | 24.73% | -1.98% |
Dividends
TRI.TO vs. SPGI - Dividend Comparison
TRI.TO's dividend yield for the trailing twelve months is around 2.20%, more than SPGI's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | 0.92% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
TRI.TO Thomson Reuters Corporation | 2.20% | 1.81% | 1.26% | 4.48% | 1.47% | 1.32% | 1.92% | 2.04% | 11.78% | 3.24% | 3.02% | 3.22% |
Financials
TRI.TO vs. SPGI - Financials Comparison
This section allows you to compare key financial metrics between Thomson Reuters Corporation and S&P Global Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TRI.TO vs. SPGI - Profitability Comparison
TRI.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Thomson Reuters Corporation reported a gross profit of 628.53M and revenue of 2.05B. Therefore, the gross margin over that period was 30.6%.
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
TRI.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Thomson Reuters Corporation reported an operating income of 628.53M and revenue of 2.05B, resulting in an operating margin of 30.6%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
TRI.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Thomson Reuters Corporation reported a net income of 451.48M and revenue of 2.05B, resulting in a net margin of 22.0%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
Frequently Asked Questions
TRI.TO and SPGI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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