NTZ vs TY: Correlation
How closely do Natuzzi, S.p.A. (NTZ) and Tri Continental Corporation (TY) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTZ and TY?
Across a 3-year window, the weekly returns of NTZ and TY correlate at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 241.4 %².
Among the 10 assets we track against NTZ, TY ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TY ahead by 78.0 points (-66.7% versus +11.3%). Note the risk asymmetry: NTZ runs 3.9 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.
NTZ vs TY: side by side
| NTZ (Natuzzi, S.p.A.) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | -66.7% | +11.3% |
| 5-year return | -93.4% | +26.0% |
| Volatility (ann.) | 52.2% | 13.5% |
| Beta vs S&P 500 | 1.05 | 0.79 |
| Max drawdown (3Y) | -86.3% | -19.7% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTZ | TY |
|---|---|---|
| 2022 | -51.7% | -19.7% |
| 2023 | -12.0% | +17.2% |
| 2024 | -29.1% | +15.0% |
| 2025 | -50.8% | +6.6% |
| 2026 | -57.6% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTZ and TY good diversifiers for each other?
Reasonably. At 0.34, NTZ and TY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NTZ and TY?
The NTZ/TY correlation stands at 0.34 on a 3-year window (1 year: 0.33, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is TY a good diversifier for NTZ?
Reasonably. At 0.34, NTZ and TY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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/ntz-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntz-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTZ correlations · TY correlations
