GEHC vs TRT: Correlation
GE HealthCare (GEHC) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and TRT?
Across a 3-year window, the weekly returns of GEHC and TRT correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.18). Stretching to 5 years gives -0.17, with an annualized covariance of -635.8 %².
Within GEHC's tracked universe of 52 assets, TRT comes in at #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRT ahead by 297.7 points (-2.2% versus +295.5%). One caveat on sizing: TRT is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GEHC vs TRT: side by side
| GEHC (GE HealthCare) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -2.2% | +295.5% |
| 5-year return | n/a | +365.8% |
| Volatility (ann.) | 32.4% | 107.4% |
| Beta vs S&P 500 | 1.22 | 0.18 |
| Max drawdown (3Y) | -37.4% | -54.6% |
| Market cap | $32.7B | – |
| P/E (trailing) | 16.9 | 209.6 |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GEHC | TRT |
|---|---|---|
| 2022 | – | -66.5% |
| 2023 | +32.6% | +12.7% |
| 2024 | +1.3% | +14.6% |
| 2025 | +5.1% | +127.9% |
| 2026 | -11.5% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEHC and TRT?
The GEHC/TRT correlation stands at -0.18 on a 3-year window (1 year: -0.30, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for GEHC?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
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/gehc-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gehc-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GEHC correlations · TRT correlations
