LHX vs TRT: Correlation
How closely do L3Harris (LHX) 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 LHX and TRT?
On 3 years of weekly data the LHX/TRT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus -0.19 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -476.8 %².
Within LHX's tracked universe of 30 assets, TRT comes in at #24 by 3-year correlation. The last year tells two different stories: TRT led by 299.3 percentage points, -3.8% for LHX against +295.5% for TRT. Note the risk asymmetry: TRT runs 4.7 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.
LHX vs TRT: side by side
| LHX (L3Harris) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -3.8% | +295.5% |
| 5-year return | +24.4% | +365.8% |
| Volatility (ann.) | 23.0% | 107.4% |
| Beta vs S&P 500 | 0.51 | 0.18 |
| Max drawdown (3Y) | -30.3% | -54.6% |
| Market cap | $48.8B | – |
| P/E (trailing) | 26.6 | 209.6 |
| Dividend yield | 1.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LHX | TRT |
|---|---|---|
| 2022 | -0.5% | -66.5% |
| 2023 | +3.7% | +12.7% |
| 2024 | +1.9% | +14.6% |
| 2025 | +42.3% | +127.9% |
| 2026 | -10.1% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LHX and TRT?
As of 2026-08-27, the correlation of weekly returns between LHX and TRT is -0.19 over 3 years, -0.30 over 1 year and -0.09 over 5 years.
Is TRT a good diversifier for LHX?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
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/lhx-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lhx-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LHX correlations · TRT correlations
