SRAD vs TRT: Correlation
Measured on weekly returns over the past three years, Sportradar Group AG - Class A (SRAD) and Trio-Tech International (TRT) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRAD and TRT?
On 3 years of weekly data the SRAD/TRT correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.29 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -1328.9 %².
Among the 10 assets we track against SRAD, TRT sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with TRT ahead by 354.7 points (-59.2% versus +295.5%). Note the risk asymmetry: TRT runs 2.5 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.
SRAD vs TRT: side by side
| SRAD (Sportradar Group AG - Class A) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -59.2% | +295.5% |
| 5-year return | -49.0% | +365.8% |
| Volatility (ann.) | 42.2% | 107.4% |
| Beta vs S&P 500 | 0.97 | 0.18 |
| Max drawdown (3Y) | -61.2% | -54.6% |
| Market cap | $3.8B | – |
| P/E (trailing) | 213.0 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRAD | TRT |
|---|---|---|
| 2022 | -43.3% | -66.5% |
| 2023 | +10.9% | +12.7% |
| 2024 | +56.9% | +14.6% |
| 2025 | +37.1% | +127.9% |
| 2026 | -46.2% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRAD and TRT good diversifiers for each other?
Yes. With a correlation of -0.29, SRAD and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SRAD and TRT?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.47 over the last year and -0.10 over 5 years.
Is TRT a good diversifier for SRAD?
Yes. With a correlation of -0.29, SRAD and TRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/srad-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/srad-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SRAD correlations · TRT correlations
