PLD vs TRT: Correlation
Prologis (PLD) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and TRT?
Over the past 3 years, PLD and TRT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.16). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -432.4 %².
Within PLD's tracked universe of 40 assets, TRT comes in at #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 265.5 percentage points (+30.0% for PLD against +295.5% for TRT). Risk is not evenly split, since TRT carries 4.2 times the volatility of the other side.
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.
PLD vs TRT: side by side
| PLD (Prologis) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +30.0% | +295.5% |
| 5-year return | +22.5% | +365.8% |
| Volatility (ann.) | 25.8% | 107.4% |
| Beta vs S&P 500 | 0.90 | 0.18 |
| Max drawdown (3Y) | -31.4% | -54.6% |
| Market cap | $137.9B | – |
| P/E (trailing) | 31.7 | 209.6 |
| Dividend yield | 2.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | TRT |
|---|---|---|
| 2022 | -31.3% | -66.5% |
| 2023 | +21.6% | +12.7% |
| 2024 | -18.1% | +14.6% |
| 2025 | +25.1% | +127.9% |
| 2026 | +12.8% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and TRT good diversifiers for each other?
Yes. With a correlation of -0.16, PLD and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PLD and TRT?
As of 2026-08-27, the correlation of weekly returns between PLD and TRT is -0.16 over 3 years, -0.28 over 1 year and -0.04 over 5 years.
Is TRT a good diversifier for PLD?
Yes. With a correlation of -0.16, PLD and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/pld-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pld-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLD correlations · TRT correlations
