TRT vs UA: Correlation
How closely do Trio-Tech International (TRT) and Under Armour, Inc. (UA) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRT and UA?
On 3 years of weekly data the TRT/UA correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -1303.0 %².
By 3-year correlation, UA places #88 of the 104 assets tracked against TRT. Correlation aside, the last 12 months split them widely, with TRT ahead by 295.3 points (+295.5% versus +0.2%). One caveat on sizing: TRT is 2.3 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.
TRT vs UA: side by side
| TRT (Trio-Tech International) | UA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | +295.5% | +0.2% |
| 5-year return | +365.8% | -76.2% |
| Volatility (ann.) | 107.4% | 46.7% |
| Beta vs S&P 500 | 0.18 | 0.99 |
| Max drawdown (3Y) | -54.6% | -60.2% |
| Market cap | – | $2.1B |
| P/E (trailing) | 209.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRT | UA |
|---|---|---|
| 2022 | -66.5% | -50.6% |
| 2023 | +12.7% | -6.4% |
| 2024 | +14.6% | -10.7% |
| 2025 | +127.9% | -35.7% |
| 2026 | +58.3% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRT and UA good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRT and UA?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.36 over the last year and -0.09 over 5 years.
Is UA a good diversifier for TRT?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: TRT correlations · UA correlations
