SCD vs TY: Correlation
LMP Capital and Income Fund Inc. (SCD) and Tri Continental Corporation (TY) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCD and TY?
On 3 years of weekly data the SCD/TY correlation comes out at 0.74, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.74 over 3 years. The 5-year figure is 0.77, and annualized covariance runs at 174.1 %².
In SCD's tracked universe of 12 assets, TY sits right near the top at #3. Neither side won the trailing year by much: +10.9% against +11.3%.
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.
SCD vs TY: side by side
| SCD (LMP Capital and Income Fund Inc.) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | +10.9% | +11.3% |
| 5-year return | +68.6% | +26.0% |
| Volatility (ann.) | 17.4% | 13.5% |
| Beta vs S&P 500 | 0.81 | 0.79 |
| Max drawdown (3Y) | -21.8% | -19.7% |
| Market cap | $0.4B | $1.9B |
| P/E (trailing) | 5.1 | 7.3 |
| Dividend yield | 9.25% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCD | TY |
|---|---|---|
| 2022 | -14.0% | -19.7% |
| 2023 | +27.9% | +17.2% |
| 2024 | +33.7% | +15.0% |
| 2025 | -5.7% | +6.6% |
| 2026 | +12.3% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCD and TY good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SCD and TY?
As of 2026-08-27, the correlation of weekly returns between SCD and TY is 0.74 over 3 years, 0.60 over 1 year and 0.77 over 5 years.
Is TY a good diversifier for SCD?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/scd-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scd-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCD correlations · TY correlations
