PRGS vs TRT: Correlation
Measured on weekly returns over the past three years, Progress Software Corporation (PRGS) and Trio-Tech International (TRT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGS and TRT?
On 3 years of weekly data the PRGS/TRT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.26). The 5-year figure is -0.17, and annualized covariance runs at -1089.1 %².
Out of 14 assets tracked against PRGS, TRT lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with TRT ahead by 299.0 points (-3.5% versus +295.5%). One caveat on sizing: TRT is 2.8 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.
PRGS vs TRT: side by side
| PRGS (Progress Software Corporation) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -3.5% | +295.5% |
| 5-year return | +1.2% | +365.8% |
| Volatility (ann.) | 38.3% | 107.4% |
| Beta vs S&P 500 | 0.62 | 0.18 |
| Max drawdown (3Y) | -64.1% | -54.6% |
| Market cap | $1.9B | – |
| P/E (trailing) | 22.0 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRGS | TRT |
|---|---|---|
| 2022 | +6.0% | -66.5% |
| 2023 | +8.9% | +12.7% |
| 2024 | +21.2% | +14.6% |
| 2025 | -34.1% | +127.9% |
| 2026 | +5.3% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGS and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRGS and TRT?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.37 over the last year and -0.17 over 5 years.
Is TRT a good diversifier for PRGS?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prgs-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/prgs-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRGS correlations · TRT correlations
