HIFS vs TRT: Correlation
How closely do Hingham Institution for Savings (HIFS) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIFS and TRT?
Over the past 3 years, HIFS and TRT moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.18). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -783.8 %².
TRT is close to the least connected end of HIFS's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with TRT ahead by 292.9 points (+2.6% versus +295.5%). Risk is not evenly split, since TRT carries 2.7 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.
HIFS vs TRT: side by side
| HIFS (Hingham Institution for Savings) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +2.6% | +295.5% |
| 5-year return | -2.0% | +365.8% |
| Volatility (ann.) | 40.5% | 107.4% |
| Beta vs S&P 500 | 1.05 | 0.18 |
| Max drawdown (3Y) | -27.8% | -54.6% |
| Market cap | $0.7B | – |
| P/E (trailing) | 10.0 | 209.6 |
| Dividend yield | 0.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIFS | TRT |
|---|---|---|
| 2022 | -33.6% | -66.5% |
| 2023 | -28.6% | +12.7% |
| 2024 | +31.9% | +14.6% |
| 2025 | +12.8% | +127.9% |
| 2026 | +6.0% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIFS and TRT good diversifiers for each other?
Yes. With a correlation of -0.18, HIFS and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HIFS and TRT?
The HIFS/TRT correlation stands at -0.18 on a 3-year window (1 year: -0.31, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for HIFS?
Yes. With a correlation of -0.18, HIFS and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/hifs-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hifs-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HIFS correlations · TRT correlations
