LBTYA vs TRT: Correlation
Liberty Global Ltd. - Class A (LBTYA) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYA and TRT?
Across a 3-year window, the weekly returns of LBTYA and TRT correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -866.7 %².
TRT is close to the least connected end of LBTYA's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 306.1 percentage points (-10.6% for LBTYA against +295.5% for TRT). One caveat on sizing: TRT is 3.5 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.
LBTYA vs TRT: side by side
| LBTYA (Liberty Global Ltd. - Class A) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -10.6% | +295.5% |
| 5-year return | -28.1% | +365.8% |
| Volatility (ann.) | 30.5% | 107.4% |
| Beta vs S&P 500 | 0.49 | 0.18 |
| Max drawdown (3Y) | -35.7% | -54.6% |
| Market cap | $3.6B | – |
| P/E (trailing) | – | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBTYA | TRT |
|---|---|---|
| 2022 | -31.8% | -66.5% |
| 2023 | -6.1% | +12.7% |
| 2024 | +39.4% | +14.6% |
| 2025 | -12.7% | +127.9% |
| 2026 | -5.4% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYA and TRT good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LBTYA and TRT?
As of 2026-08-27, the correlation of weekly returns between LBTYA and TRT is -0.27 over 3 years, -0.37 over 1 year and -0.13 over 5 years.
Is TRT a good diversifier for LBTYA?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/lbtya-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lbtya-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LBTYA correlations · TRT correlations
