TCRT vs VYM: Correlation
Alaunos Therapeutics, Inc. (TCRT) and Vanguard High Dividend Yield ETF (VYM) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCRT and VYM?
On 3 years of weekly data the TCRT/VYM correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -257.3 %².
Within TCRT's tracked universe of 131 assets, VYM comes in at #36 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VYM ahead by 33.3 points (-12.2% versus +21.1%). One caveat on sizing: TCRT is 9.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TCRT vs VYM: side by side
| TCRT (Alaunos Therapeutics, Inc.) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | -12.2% | +21.1% |
| 5-year return | -99.3% | +76.6% |
| Volatility (ann.) | 121.9% | 12.3% |
| Beta vs S&P 500 | -1.11 | 0.69 |
| Max drawdown (3Y) | -95.0% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | TCRT | VYM |
|---|---|---|
| 2022 | -40.4% | -0.4% |
| 2023 | -89.2% | +6.6% |
| 2024 | -81.8% | +17.6% |
| 2025 | +69.1% | +15.4% |
| 2026 | -48.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCRT and VYM good diversifiers for each other?
Yes. With a correlation of -0.17, TCRT and VYM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TCRT and VYM?
The TCRT/VYM correlation stands at -0.17 on a 3-year window (1 year: -0.15, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for TCRT?
Yes. With a correlation of -0.17, TCRT and VYM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
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Related comparisons
Hubs: TCRT correlations · VYM correlations
