TRT vs VNQ: Correlation
Measured on weekly returns over the past three years, Trio-Tech International (TRT) and Vanguard Real Estate ETF (VNQ) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRT and VNQ?
Over the past 3 years, TRT and VNQ moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.18 over 3 years. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -325.9 %².
Among the 104 assets we track against TRT, VNQ ranks #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRT ahead by 285.2 points (+295.5% versus +10.3%). One caveat on sizing: TRT is 6.5 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 VNQ: side by side
| TRT (Trio-Tech International) | VNQ (Vanguard Real Estate ETF) | |
|---|---|---|
| 1-year return | +295.5% | +10.3% |
| 5-year return | +365.8% | +9.5% |
| Volatility (ann.) | 107.4% | 16.6% |
| Beta vs S&P 500 | 0.18 | 0.59 |
| Max drawdown (3Y) | -54.6% | -17.5% |
| Market cap | – | – |
| P/E (trailing) | 209.6 | – |
| Dividend yield | 0.00% | 3.51% |
| Expense ratio | – | 0.13% |
| Assets under management | – | $73.1B |
| Sector / category | US Listed | ETF · Real Estate |
VNQ is a Real Estate fund from Vanguard: $73.1B under management, 140 holdings, a 0.13% expense ratio, a 3.51% trailing dividend yield.
Year-by-year returns
| Year | TRT | VNQ |
|---|---|---|
| 2022 | -66.5% | -26.3% |
| 2023 | +12.7% | +11.9% |
| 2024 | +14.6% | +4.8% |
| 2025 | +127.9% | +3.2% |
| 2026 | +58.3% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRT and VNQ good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TRT and VNQ?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.33 over the last year and -0.03 over 5 years.
Is VNQ a good diversifier for TRT?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/trt-vs-vnq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trt-vs-vnq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TRT correlations · VNQ correlations
