TEL vs TRT: Correlation
TE Connectivity (TEL) and Trio-Tech International (TRT) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEL and TRT?
On 3 years of weekly data the TEL/TRT correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -512.1 %².
By 3-year correlation, TRT places #27 of the 36 assets tracked against TEL. Their recent paths diverged sharply: over the last 12 months TRT outperformed by 296.6 percentage points (-1.1% for TEL against +295.5% for TRT). One caveat on sizing: TRT is 3.7 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.
TEL vs TRT: side by side
| TEL (TE Connectivity) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | -1.1% | +295.5% |
| 5-year return | +43.7% | +365.8% |
| Volatility (ann.) | 28.8% | 107.4% |
| Beta vs S&P 500 | 1.32 | 0.18 |
| Max drawdown (3Y) | -22.6% | -54.6% |
| Market cap | $58.8B | – |
| P/E (trailing) | 20.1 | 209.6 |
| Dividend yield | 1.42% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TEL | TRT |
|---|---|---|
| 2022 | -27.7% | -66.5% |
| 2023 | +24.6% | +12.7% |
| 2024 | +3.5% | +14.6% |
| 2025 | +61.1% | +127.9% |
| 2026 | -9.8% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEL and TRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between TEL and TRT?
The TEL/TRT correlation stands at -0.17 on a 3-year window (1 year: -0.23, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is TRT a good diversifier for TEL?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/tel-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tel-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TEL correlations · TRT correlations
