TORO vs TRT: Correlation
Measured on weekly returns over the past three years, Toro Corp. (TORO) and Trio-Tech International (TRT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TORO and TRT?
On 3 years of weekly data the TORO/TRT correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.46 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 3858.4 %².
TRT is one of the assets that tracks TORO most closely: it ranks #3 out of the 13 assets we track against TORO. Correlation aside, the last 12 months split them widely, with TRT ahead by 19.2 points (+276.3% 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.
TORO vs TRT: side by side
| TORO (Toro Corp.) | TRT (Trio-Tech International) | |
|---|---|---|
| 1-year return | +276.3% | +295.5% |
| 5-year return | n/a | +365.8% |
| Volatility (ann.) | 78.4% | 107.4% |
| Beta vs S&P 500 | 0.97 | 0.18 |
| Max drawdown (3Y) | -71.5% | -54.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | 311.5 | 209.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TORO | TRT |
|---|---|---|
| 2022 | – | -66.5% |
| 2023 | – | +12.7% |
| 2024 | -42.9% | +14.6% |
| 2025 | +87.9% | +127.9% |
| 2026 | +96.7% | +58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TORO and TRT good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TORO and TRT?
As of 2026-08-27, the correlation of weekly returns between TORO and TRT is 0.46 over 3 years, 0.59 over 1 year and n/a over 5 years.
Is TRT a good diversifier for TORO?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/toro-vs-trt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/toro-vs-trt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TORO correlations · TRT correlations
