IPAR vs TRT: Correlation
How closely do Interparfums, Inc. (IPAR) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPAR and TRT?
Over the past 3 years, IPAR and TRT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.24 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -822.4 %².
Out of 13 assets tracked against IPAR, TRT lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with TRT ahead by 291.0 points (+4.5% versus +295.5%). One caveat on sizing: TRT is 3.4 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.
IPAR vs TRT: side by side
| IPAR (Interparfums, Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +4.5% | +295.5% |
| 5-year return | +80.2% | +365.8% |
| Volatility (ann.) | 32.0% | 107.4% |
| Beta vs S&P 500 | 0.75 | 0.18 |
| Max drawdown (3Y) | -46.4% | -54.6% |
| Market cap | $3.8B | – |
| P/E (trailing) | 22.4 | 209.6 |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPAR | TRT |
|---|---|---|
| 2022 | -7.4% | -66.5% |
| 2023 | +52.0% | +12.7% |
| 2024 | -6.5% | +14.6% |
| 2025 | -33.6% | +127.9% |
| 2026 | +40.6% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPAR and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between IPAR and TRT?
As of 2026-08-27, the correlation of weekly returns between IPAR and TRT is -0.24 over 3 years, -0.43 over 1 year and -0.08 over 5 years.
Is TRT a good diversifier for IPAR?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipar-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ipar-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPAR correlations · TRT correlations
