DOC vs TRT: Correlation
Measured on weekly returns over the past three years, Healthpeak Properties (DOC) and Trio-Tech International (TRT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and TRT?
Across a 3-year window, the weekly returns of DOC and TRT correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.22). Stretching to 5 years gives -0.11, with an annualized covariance of -632.9 %².
Out of 35 assets tracked against DOC, TRT lands near the bottom at #33. Correlation aside, the last 12 months split them widely, with TRT ahead by 268.8 points (+26.7% versus +295.5%). Note the risk asymmetry: TRT runs 4.0 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.
DOC vs TRT: side by side
| DOC (Healthpeak Properties) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +26.7% | +295.5% |
| 5-year return | -21.6% | +365.8% |
| Volatility (ann.) | 27.1% | 107.4% |
| Beta vs S&P 500 | 0.53 | 0.18 |
| Max drawdown (3Y) | -26.0% | -54.6% |
| Market cap | $15.0B | – |
| P/E (trailing) | 62.4 | 209.6 |
| Dividend yield | 5.65% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DOC | TRT |
|---|---|---|
| 2022 | -27.5% | -66.5% |
| 2023 | -16.4% | +12.7% |
| 2024 | +8.8% | +14.6% |
| 2025 | -15.2% | +127.9% |
| 2026 | +37.9% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOC and TRT?
The DOC/TRT correlation stands at -0.22 on a 3-year window (1 year: -0.34, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for DOC?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/doc-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/doc-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOC correlations · TRT correlations
