CCI vs TRT: Correlation
Measured on weekly returns over the past three years, Crown Castle (CCI) and Trio-Tech International (TRT) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and TRT?
Across a 3-year window, the weekly returns of CCI and TRT correlate at -0.15, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.15 over 3. Stretching to 5 years gives -0.04, with an annualized covariance of -449.5 %².
Among the 30 assets we track against CCI, TRT ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRT ahead by 317.0 points (-21.5% versus +295.5%). Risk is not evenly split, since TRT carries 3.8 times the volatility of the other side.
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.
CCI vs TRT: side by side
| CCI (Crown Castle) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -21.5% | +295.5% |
| 5-year return | -50.4% | +365.8% |
| Volatility (ann.) | 28.4% | 107.4% |
| Beta vs S&P 500 | 0.22 | 0.18 |
| Max drawdown (3Y) | -33.0% | -54.6% |
| Market cap | $32.8B | – |
| P/E (trailing) | 30.9 | 209.6 |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | TRT |
|---|---|---|
| 2022 | -32.6% | -66.5% |
| 2023 | -10.2% | +12.7% |
| 2024 | -16.4% | +14.6% |
| 2025 | +3.0% | +127.9% |
| 2026 | -13.5% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and TRT good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCI and TRT?
As of 2026-08-27, the correlation of weekly returns between CCI and TRT is -0.15 over 3 years, -0.19 over 1 year and -0.04 over 5 years.
Is TRT a good diversifier for CCI?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/cci-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cci-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCI correlations · TRT correlations
