TRT vs USB: Correlation
Trio-Tech International (TRT) and U.S. Bancorp (USB) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRT and USB?
Over the past 3 years, TRT and USB moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus -0.15 over 3 years. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -449.3 %².
By 3-year correlation, USB places #14 of the 104 assets tracked against TRT. The last year tells two different stories: TRT led by 262.4 percentage points, +295.5% for TRT against +33.1% for USB. Note the risk asymmetry: TRT runs 3.9 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.
TRT vs USB: side by side
| TRT (Trio-Tech International) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +295.5% | +33.1% |
| 5-year return | +365.8% | +36.0% |
| Volatility (ann.) | 107.4% | 27.3% |
| Beta vs S&P 500 | 0.18 | 1.09 |
| Max drawdown (3Y) | -54.6% | -30.6% |
| Market cap | – | $97.2B |
| P/E (trailing) | 209.6 | 12.5 |
| Dividend yield | 0.00% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | TRT | USB |
|---|---|---|
| 2022 | -66.5% | -19.1% |
| 2023 | +12.7% | +4.8% |
| 2024 | +14.6% | +15.6% |
| 2025 | +127.9% | +16.5% |
| 2026 | +58.3% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRT and USB good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TRT and USB?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.30 over the last year and -0.07 over 5 years.
Is USB a good diversifier for TRT?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/trt-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/trt-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRT correlations · USB correlations
