PODD vs TRT: Correlation
Measured on weekly returns over the past three years, Insulet Corporation (PODD) and Trio-Tech International (TRT) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and TRT?
Over the past 3 years, PODD and TRT moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -707.7 %².
Among the 31 assets we track against PODD, TRT ranks #24 by 3-year correlation. The last year tells two different stories: TRT led by 352.6 percentage points, -57.1% for PODD against +295.5% for TRT. Note the risk asymmetry: TRT runs 2.8 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.
PODD vs TRT: side by side
| PODD (Insulet Corporation) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -57.1% | +295.5% |
| 5-year return | -51.6% | +365.8% |
| Volatility (ann.) | 38.9% | 107.4% |
| Beta vs S&P 500 | 0.67 | 0.18 |
| Max drawdown (3Y) | -62.2% | -54.6% |
| Market cap | $9.9B | – |
| P/E (trailing) | 26.9 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PODD | TRT |
|---|---|---|
| 2022 | +10.6% | -66.5% |
| 2023 | -26.3% | +12.7% |
| 2024 | +20.3% | +14.6% |
| 2025 | +8.9% | +127.9% |
| 2026 | -49.5% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PODD and TRT?
As of 2026-08-27, the correlation of weekly returns between PODD and TRT is -0.17 over 3 years, -0.24 over 1 year and -0.06 over 5 years.
Is TRT a good diversifier for PODD?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/podd-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/podd-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PODD correlations · TRT correlations
