J vs TRT: Correlation
How closely do Jacobs Solutions (J) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are J and TRT?
Over the past 3 years, J and TRT moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.19 over 3 years. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -526.2 %².
Among the 34 assets we track against J, TRT ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRT ahead by 292.9 points (+2.6% versus +295.5%). Note the risk asymmetry: TRT runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
J vs TRT: side by side
| J (Jacobs Solutions) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +2.6% | +295.5% |
| 5-year return | +40.5% | +365.8% |
| Volatility (ann.) | 25.7% | 107.4% |
| Beta vs S&P 500 | 0.77 | 0.18 |
| Max drawdown (3Y) | -34.4% | -54.6% |
| Market cap | $17.6B | – |
| P/E (trailing) | 49.9 | 209.6 |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | J | TRT |
|---|---|---|
| 2022 | -13.1% | -66.5% |
| 2023 | +9.0% | +12.7% |
| 2024 | +24.2% | +14.6% |
| 2025 | +1.1% | +127.9% |
| 2026 | +14.6% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are J and TRT good diversifiers for each other?
Yes. With a correlation of -0.19, J and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between J and TRT?
The J/TRT correlation stands at -0.19 on a 3-year window (1 year: -0.31, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for J?
Yes. With a correlation of -0.19, J and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/j-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/j-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: J correlations · TRT correlations
