HBAN vs TRT: Correlation
How closely do Huntington Bancshares (HBAN) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and TRT?
On 3 years of weekly data the HBAN/TRT correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.27) runs below the 3-year figure (-0.16). The 5-year figure is -0.05, and annualized covariance runs at -500.1 %².
Out of 55 assets tracked against HBAN, TRT lands near the bottom at #51. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 297.2 percentage points (-1.7% for HBAN against +295.5% for TRT). One caveat on sizing: TRT is 3.6 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.
HBAN vs TRT: side by side
| HBAN (Huntington Bancshares) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -1.7% | +295.5% |
| 5-year return | +36.8% | +365.8% |
| Volatility (ann.) | 29.8% | 107.4% |
| Beta vs S&P 500 | 1.07 | 0.18 |
| Max drawdown (3Y) | -30.0% | -54.6% |
| Market cap | $34.1B | – |
| P/E (trailing) | 13.1 | 209.6 |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | TRT |
|---|---|---|
| 2022 | -4.4% | -66.5% |
| 2023 | -4.7% | +12.7% |
| 2024 | +33.7% | +14.6% |
| 2025 | +10.8% | +127.9% |
| 2026 | -0.9% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between HBAN and TRT?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.27 over the last year and -0.05 over 5 years.
Is TRT a good diversifier for HBAN?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hban-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hban-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HBAN correlations · TRT correlations
