ACWI vs TY: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and Tri Continental Corporation (TY) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and TY?
On 3 years of weekly data the ACWI/TY correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. The 5-year figure is 0.86, and annualized covariance runs at 158.1 %².
Within ACWI's tracked universe of 119 assets, TY comes in at #29 by 3-year correlation. The trailing year gives ACWI the advantage: +22.7% versus +11.3%, a 11.4-point spread.
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.
ACWI vs TY: side by side
| ACWI (iShares MSCI ACWI ETF) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | +22.7% | +11.3% |
| 5-year return | +69.0% | +26.0% |
| Volatility (ann.) | 13.8% | 13.5% |
| Beta vs S&P 500 | 0.92 | 0.79 |
| Max drawdown (3Y) | -16.5% | -19.7% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 1.44% | 3.09% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | TY |
|---|---|---|
| 2022 | -18.4% | -19.7% |
| 2023 | +22.3% | +17.2% |
| 2024 | +17.4% | +15.0% |
| 2025 | +22.4% | +6.6% |
| 2026 | +14.9% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and TY good diversifiers for each other?
No: a correlation of 0.85 means ACWI and TY tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ACWI and TY?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.75 over the last year and 0.86 over 5 years.
Is TY a good diversifier for ACWI?
No: a correlation of 0.85 means ACWI and TY tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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/acwi-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · TY correlations
