FITB vs TRT: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Trio-Tech International (TRT) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and TRT?
Across a 3-year window, the weekly returns of FITB and TRT correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.18 over 3 years. Stretching to 5 years gives -0.07, with an annualized covariance of -555.7 %².
Among the 45 assets we track against FITB, TRT sits near the bottom by co-movement, at rank #43. Correlation aside, the last 12 months split them widely, with TRT ahead by 270.9 points (+24.6% versus +295.5%). Risk is not evenly split, since TRT carries 3.7 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.
FITB vs TRT: side by side
| FITB (Fifth Third Bancorp) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +24.6% | +295.5% |
| 5-year return | +71.2% | +365.8% |
| Volatility (ann.) | 29.4% | 107.4% |
| Beta vs S&P 500 | 1.03 | 0.18 |
| Max drawdown (3Y) | -29.9% | -54.6% |
| Market cap | $49.7B | – |
| P/E (trailing) | 18.5 | 209.6 |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | TRT |
|---|---|---|
| 2022 | -21.9% | -66.5% |
| 2023 | +10.4% | +12.7% |
| 2024 | +27.2% | +14.6% |
| 2025 | +14.8% | +127.9% |
| 2026 | +19.1% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and TRT good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FITB and TRT?
The FITB/TRT correlation stands at -0.18 on a 3-year window (1 year: -0.29, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for FITB?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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/fitb-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fitb-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · TRT correlations
