LILA vs TRT: Correlation
How closely do Liberty Latin America Ltd. (LILA) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILA and TRT?
Over the past 3 years, LILA and TRT moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1346.8 %².
TRT is close to the least connected end of LILA's tracked universe, ranking #13 of 13. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 243.0 percentage points (+52.5% for LILA against +295.5% for TRT). One caveat on sizing: TRT is 2.2 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.
LILA vs TRT: side by side
| LILA (Liberty Latin America Ltd.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +52.5% | +295.5% |
| 5-year return | -13.8% | +365.8% |
| Volatility (ann.) | 49.9% | 107.4% |
| Beta vs S&P 500 | 0.47 | 0.18 |
| Max drawdown (3Y) | -57.1% | -54.6% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LILA | TRT |
|---|---|---|
| 2022 | -35.4% | -66.5% |
| 2023 | -2.9% | +12.7% |
| 2024 | -13.0% | +14.6% |
| 2025 | +16.2% | +127.9% |
| 2026 | +65.9% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILA and TRT good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LILA and TRT?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.33 over the last year and -0.16 over 5 years.
Is TRT a good diversifier for LILA?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/lila-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lila-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILA correlations · TRT correlations
