FRT vs TRT: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and Trio-Tech International (TRT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and TRT?
Over the past 3 years, FRT and TRT moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -417.1 %².
Out of 46 assets tracked against FRT, TRT lands near the bottom at #42. The last year tells two different stories: TRT led by 273.9 percentage points, +21.6% for FRT against +295.5% for TRT. Risk is not evenly split, since TRT carries 5.5 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.
FRT vs TRT: side by side
| FRT (Federal Realty Investment Trust) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +21.6% | +295.5% |
| 5-year return | +18.8% | +365.8% |
| Volatility (ann.) | 19.5% | 107.4% |
| Beta vs S&P 500 | 0.53 | 0.18 |
| Max drawdown (3Y) | -27.4% | -54.6% |
| Market cap | $10.2B | – |
| P/E (trailing) | 23.6 | 209.6 |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | TRT |
|---|---|---|
| 2022 | -22.7% | -66.5% |
| 2023 | +6.6% | +12.7% |
| 2024 | +12.1% | +14.6% |
| 2025 | -5.9% | +127.9% |
| 2026 | +19.7% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and TRT good diversifiers for each other?
Yes. With a correlation of -0.20, FRT and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FRT and TRT?
As of 2026-08-27, the correlation of weekly returns between FRT and TRT is -0.20 over 3 years, -0.34 over 1 year and -0.05 over 5 years.
Is TRT a good diversifier for FRT?
Yes. With a correlation of -0.20, FRT and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/frt-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · TRT correlations
