DHF vs TAC: Correlation
BNY Mellon High Yield Strategies Fund (DHF) and TransAlta Corporation (TAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHF and TAC?
Across a 3-year window, the weekly returns of DHF and TAC correlate at 0.42, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.42). Stretching to 5 years gives 0.33, with an annualized covariance of 172.5 %².
Among the 15 assets we track against DHF, TAC ranks #9 by 3-year correlation. Twelve-month performance is nearly a tie, at -0.6% for DHF and +4.3% for TAC. Risk is not evenly split, since TAC carries 3.2 times the volatility of the other side.
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.
DHF vs TAC: side by side
| DHF (BNY Mellon High Yield Strategies Fund) | TAC (TransAlta Corporation) | |
|---|---|---|
| 1-year return | -0.6% | +4.3% |
| 5-year return | +7.9% | +36.9% |
| Volatility (ann.) | 11.4% | 36.2% |
| Beta vs S&P 500 | 0.52 | 0.84 |
| Max drawdown (3Y) | -11.8% | -43.3% |
| Market cap | $0.2B | $4.0B |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 8.90% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHF | TAC |
|---|---|---|
| 2022 | -22.5% | -18.0% |
| 2023 | +15.0% | -5.6% |
| 2024 | +21.4% | +74.0% |
| 2025 | +5.9% | -9.5% |
| 2026 | -0.2% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHF and TAC good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DHF and TAC?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.28 over the last year and 0.33 over 5 years.
Is TAC a good diversifier for DHF?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/dhf-vs-tac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dhf-vs-tac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DHF correlations · TAC correlations
