CASH vs TRT: Correlation
How closely do Pathward Financial, Inc. (CASH) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASH and TRT?
Over the past 3 years, CASH and TRT moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.25). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -778.7 %².
TRT is close to the least connected end of CASH's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with TRT ahead by 293.4 points (+2.1% versus +295.5%). One caveat on sizing: TRT is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CASH vs TRT: side by side
| CASH (Pathward Financial, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +2.1% | +295.5% |
| 5-year return | +71.2% | +365.8% |
| Volatility (ann.) | 29.4% | 107.4% |
| Beta vs S&P 500 | 0.84 | 0.18 |
| Max drawdown (3Y) | -22.2% | -54.6% |
| Market cap | $1.7B | – |
| P/E (trailing) | 10.3 | 209.6 |
| Dividend yield | 0.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CASH | TRT |
|---|---|---|
| 2022 | -27.5% | -66.5% |
| 2023 | +23.4% | +12.7% |
| 2024 | +39.5% | +14.6% |
| 2025 | -3.2% | +127.9% |
| 2026 | +15.0% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASH and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CASH and TRT?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.50 over the last year and -0.10 over 5 years.
Is TRT a good diversifier for CASH?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cash-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cash-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CASH correlations · TRT correlations
