LBTYK vs TRT: Correlation
How closely do Liberty Global Ltd. - Class C (LBTYK) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYK and TRT?
Across a 3-year window, the weekly returns of LBTYK and TRT correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.27 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -852.3 %².
Out of 10 assets tracked against LBTYK, TRT lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with TRT ahead by 309.9 points (-14.4% versus +295.5%). Note the risk asymmetry: TRT runs 3.6 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.
LBTYK vs TRT: side by side
| LBTYK (Liberty Global Ltd. - Class C) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -14.4% | +295.5% |
| 5-year return | -31.3% | +365.8% |
| Volatility (ann.) | 29.7% | 107.4% |
| Beta vs S&P 500 | 0.45 | 0.18 |
| Max drawdown (3Y) | -36.4% | -54.6% |
| Market cap | $3.5B | – |
| P/E (trailing) | – | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBTYK | TRT |
|---|---|---|
| 2022 | -30.8% | -66.5% |
| 2023 | -4.1% | +12.7% |
| 2024 | +34.6% | +14.6% |
| 2025 | -16.0% | +127.9% |
| 2026 | -6.9% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYK and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between LBTYK and TRT?
The LBTYK/TRT correlation stands at -0.27 on a 3-year window (1 year: -0.38, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for LBTYK?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/lbtyk-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lbtyk-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LBTYK correlations · TRT correlations
