CBNK vs TRT: Correlation
Capital Bancorp, Inc. (CBNK) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBNK and TRT?
Over the past 3 years, CBNK and TRT moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.18 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -518.5 %².
Out of 18 assets tracked against CBNK, TRT lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 288.2 percentage points (+7.3% for CBNK against +295.5% for TRT). Note the risk asymmetry: TRT runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CBNK vs TRT: side by side
| CBNK (Capital Bancorp, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +7.3% | +295.5% |
| 5-year return | +69.0% | +365.8% |
| Volatility (ann.) | 27.3% | 107.4% |
| Beta vs S&P 500 | 0.63 | 0.18 |
| Max drawdown (3Y) | -24.8% | -54.6% |
| Market cap | $0.6B | – |
| P/E (trailing) | 10.7 | 209.6 |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBNK | TRT |
|---|---|---|
| 2022 | -9.3% | -66.5% |
| 2023 | +4.3% | +12.7% |
| 2024 | +19.7% | +14.6% |
| 2025 | +0.3% | +127.9% |
| 2026 | +30.5% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBNK and TRT?
The CBNK/TRT correlation stands at -0.18 on a 3-year window (1 year: -0.40, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for CBNK?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbnk-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbnk-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBNK correlations · TRT correlations
