RJET vs TRT: Correlation
Republic Airways Holdings Inc. (RJET) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RJET and TRT?
On 3 years of weekly data the RJET/TRT correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.20 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -1959.0 %².
Among the 12 assets we track against RJET, TRT sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with TRT ahead by 295.0 points (+0.5% versus +295.5%).
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.
RJET vs TRT: side by side
| RJET (Republic Airways Holdings Inc.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +0.5% | +295.5% |
| 5-year return | -84.5% | +365.8% |
| Volatility (ann.) | 89.1% | 107.4% |
| Beta vs S&P 500 | 1.76 | 0.18 |
| Max drawdown (3Y) | -70.7% | -54.6% |
| Market cap | $0.9B | – |
| P/E (trailing) | 12.2 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RJET | TRT |
|---|---|---|
| 2022 | -72.7% | -66.5% |
| 2023 | -34.0% | +12.7% |
| 2024 | +14.9% | +14.6% |
| 2025 | +5.6% | +127.9% |
| 2026 | +0.1% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RJET and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between RJET and TRT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.35 over the last year and -0.12 over 5 years.
Is TRT a good diversifier for RJET?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/rjet-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rjet-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RJET correlations · TRT correlations
