TBCH vs VOO: Correlation
How closely do Turtle Beach Corporation (TBCH) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TBCH and VOO?
On 3 years of weekly data the TBCH/VOO correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 459.1 %².
By 3-year correlation, VOO places #4 of the 23 assets tracked against TBCH. Correlation aside, the last 12 months split them widely, with VOO ahead by 37.2 points (-16.6% versus +20.6%). Risk is not evenly split, since TBCH carries 4.0 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.
TBCH vs VOO: side by side
| TBCH (Turtle Beach Corporation) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -16.6% | +20.6% |
| 5-year return | -55.7% | +83.0% |
| Volatility (ann.) | 57.8% | 14.4% |
| Beta vs S&P 500 | 2.21 | 0.99 |
| Max drawdown (3Y) | -51.8% | -18.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | US Listed | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | TBCH | VOO |
|---|---|---|
| 2022 | -67.8% | -18.2% |
| 2023 | +52.7% | +26.3% |
| 2024 | +58.1% | +25.0% |
| 2025 | -18.9% | +17.8% |
| 2026 | -7.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TBCH and VOO good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TBCH and VOO?
The TBCH/VOO correlation stands at 0.55 on a 3-year window (1 year: 0.56, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for TBCH?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: TBCH correlations · VOO correlations
