RTX vs TRT: Correlation
Measured on weekly returns over the past three years, RTX Corporation (RTX) and Trio-Tech International (TRT) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RTX and TRT?
Over the past 3 years, RTX and TRT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.23 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -629.8 %².
Out of 27 assets tracked against RTX, TRT lands near the bottom at #25. The last year tells two different stories: TRT led by 260.8 percentage points, +34.7% for RTX against +295.5% for TRT. One caveat on sizing: TRT is 4.3 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.
RTX vs TRT: side by side
| RTX (RTX Corporation) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +34.7% | +295.5% |
| 5-year return | +178.4% | +365.8% |
| Volatility (ann.) | 25.1% | 107.4% |
| Beta vs S&P 500 | 0.57 | 0.18 |
| Max drawdown (3Y) | -19.7% | -54.6% |
| Market cap | $285.8B | – |
| P/E (trailing) | 37.3 | 209.6 |
| Dividend yield | 1.31% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | RTX | TRT |
|---|---|---|
| 2022 | +20.0% | -66.5% |
| 2023 | -14.4% | +12.7% |
| 2024 | +40.8% | +14.6% |
| 2025 | +61.4% | +127.9% |
| 2026 | +16.9% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RTX and TRT good diversifiers for each other?
Yes. With a correlation of -0.23, RTX and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RTX and TRT?
As of 2026-08-27, the correlation of weekly returns between RTX and TRT is -0.23 over 3 years, -0.47 over 1 year and -0.14 over 5 years.
Is TRT a good diversifier for RTX?
Yes. With a correlation of -0.23, RTX and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/rtx-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rtx-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RTX correlations · TRT correlations
