AGIO vs TY: Correlation
Agios Pharmaceuticals, Inc. (AGIO) and Tri Continental Corporation (TY) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIO and TY?
On 3 years of weekly data the AGIO/TY correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.49). The 5-year figure is 0.37, and annualized covariance runs at 427.7 %².
In AGIO's tracked universe of 14 assets, TY sits right near the top at #3. The last year tells two different stories: TY led by 24.0 percentage points, -12.7% for AGIO against +11.3% for TY. Note the risk asymmetry: AGIO runs 4.8 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.
AGIO vs TY: side by side
| AGIO (Agios Pharmaceuticals, Inc.) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | -12.7% | +11.3% |
| 5-year return | -22.1% | +26.0% |
| Volatility (ann.) | 64.3% | 13.5% |
| Beta vs S&P 500 | 1.80 | 0.79 |
| Max drawdown (3Y) | -63.8% | -19.7% |
| Market cap | $2.0B | $1.9B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIO | TY |
|---|---|---|
| 2022 | -14.6% | -19.7% |
| 2023 | -20.7% | +17.2% |
| 2024 | +47.6% | +15.0% |
| 2025 | -17.2% | +6.6% |
| 2026 | +25.9% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIO and TY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGIO and TY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.38 over the last year and 0.37 over 5 years.
Is TY a good diversifier for AGIO?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agio-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agio-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGIO correlations · TY correlations
