RVTY vs TRT: Correlation
How closely do Revvity (RVTY) and Trio-Tech International (TRT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and TRT?
Across a 3-year window, the weekly returns of RVTY and TRT correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.05, with an annualized covariance of -779.2 %².
Among the 39 assets we track against RVTY, TRT sits near the bottom by co-movement, at rank #37. The last year tells two different stories: TRT led by 248.7 percentage points, +46.8% for RVTY against +295.5% for TRT. Note the risk asymmetry: TRT runs 3.1 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.
RVTY vs TRT: side by side
| RVTY (Revvity) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +46.8% | +295.5% |
| 5-year return | -30.2% | +365.8% |
| Volatility (ann.) | 34.2% | 107.4% |
| Beta vs S&P 500 | 0.81 | 0.18 |
| Max drawdown (3Y) | -35.3% | -54.6% |
| Market cap | $14.5B | – |
| P/E (trailing) | 62.4 | 209.6 |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | RVTY | TRT |
|---|---|---|
| 2022 | -30.1% | -66.5% |
| 2023 | -21.9% | +12.7% |
| 2024 | +2.4% | +14.6% |
| 2025 | -13.1% | +127.9% |
| 2026 | +34.3% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVTY and TRT good diversifiers for each other?
Yes. With a correlation of -0.21, RVTY and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RVTY and TRT?
The RVTY/TRT correlation stands at -0.21 on a 3-year window (1 year: -0.33, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for RVTY?
Yes. With a correlation of -0.21, RVTY and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/rvty-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rvty-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RVTY correlations · TRT correlations
