LILAK vs TRT: Correlation
Measured on weekly returns over the past three years, Liberty Latin America Ltd. (LILAK) and Trio-Tech International (TRT) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILAK and TRT?
Over the past 3 years, LILAK and TRT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1305.0 %².
Among the 13 assets we track against LILAK, TRT sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with TRT ahead by 247.4 points (+48.1% versus +295.5%). 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.
LILAK vs TRT: side by side
| LILAK (Liberty Latin America Ltd.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +48.1% | +295.5% |
| 5-year return | -15.2% | +365.8% |
| Volatility (ann.) | 49.7% | 107.4% |
| Beta vs S&P 500 | 0.52 | 0.18 |
| Max drawdown (3Y) | -57.2% | -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 | LILAK | TRT |
|---|---|---|
| 2022 | -33.3% | -66.5% |
| 2023 | -3.4% | +12.7% |
| 2024 | -13.6% | +14.6% |
| 2025 | +17.7% | +127.9% |
| 2026 | +63.2% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILAK and TRT good diversifiers for each other?
Yes. With a correlation of -0.24, LILAK and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LILAK and TRT?
The LILAK/TRT correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for LILAK?
Yes. With a correlation of -0.24, LILAK and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/lilak-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lilak-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILAK correlations · TRT correlations
