ENVB vs TRT: Correlation
Measured on weekly returns over the past three years, Enveric Biosciences, Inc. (ENVB) and Trio-Tech International (TRT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and TRT?
On 3 years of weekly data the ENVB/TRT correlation comes out at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.45 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 7740.7 %².
Among the 16 assets we track against ENVB, TRT ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 387.6 percentage points (-92.1% for ENVB against +295.5% for TRT).
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.
ENVB vs TRT: side by side
| ENVB (Enveric Biosciences, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -92.1% | +295.5% |
| 5-year return | -100.0% | +365.8% |
| Volatility (ann.) | 160.8% | 107.4% |
| Beta vs S&P 500 | 0.75 | 0.18 |
| Max drawdown (3Y) | -100.0% | -54.6% |
| Market cap | – | – |
| P/E (trailing) | – | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVB | TRT |
|---|---|---|
| 2022 | -95.5% | -66.5% |
| 2023 | -37.5% | +12.7% |
| 2024 | -72.5% | +14.6% |
| 2025 | -99.6% | +127.9% |
| 2026 | -62.3% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and TRT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENVB and TRT?
As of 2026-08-27, the correlation of weekly returns between ENVB and TRT is 0.45 over 3 years, 0.63 over 1 year and 0.34 over 5 years.
Is TRT a good diversifier for ENVB?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/envb-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/envb-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENVB correlations · TRT correlations
