GNSS vs TY: Correlation
How closely do Genasys Inc. (GNSS) and Tri Continental Corporation (TY) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNSS and TY?
On 3 years of weekly data the GNSS/TY correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.41 over 3. The 5-year figure is 0.38, and annualized covariance runs at 338.0 %².
In GNSS's tracked universe of 11 assets, TY sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months TY outperformed by 30.6 percentage points (-19.3% for GNSS against +11.3% for TY). Note the risk asymmetry: GNSS runs 4.6 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.
GNSS vs TY: side by side
| GNSS (Genasys Inc.) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | -19.3% | +11.3% |
| 5-year return | -71.2% | +26.0% |
| Volatility (ann.) | 61.5% | 13.5% |
| Beta vs S&P 500 | 1.53 | 0.79 |
| Max drawdown (3Y) | -63.2% | -19.7% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNSS | TY |
|---|---|---|
| 2022 | -7.0% | -19.7% |
| 2023 | -45.1% | +17.2% |
| 2024 | +28.1% | +15.0% |
| 2025 | -17.3% | +6.6% |
| 2026 | -27.9% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNSS and TY good diversifiers for each other?
Reasonably. At 0.41, GNSS and TY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GNSS and TY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.42 over the last year and 0.38 over 5 years.
Is TY a good diversifier for GNSS?
Reasonably. At 0.41, GNSS and TY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/gnss-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gnss-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GNSS correlations · TY correlations
