TDY vs VTV: Correlation
Teledyne Technologies (TDY) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDY and VTV?
Across a 3-year window, the weekly returns of TDY and VTV correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 156.1 %².
In TDY's tracked universe of 35 assets, VTV sits right near the top at #2. On 12-month performance VTV holds a 10.0-point edge, +15.7% against +25.7%. On a rolling one-year basis the correlation drifted between 0.41 and 0.75, a moderate band. One caveat on sizing: TDY is 1.8 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.
TDY vs VTV: side by side
| TDY (Teledyne Technologies) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +15.7% | +25.7% |
| 5-year return | +36.5% | +79.1% |
| Volatility (ann.) | 22.0% | 11.9% |
| Beta vs S&P 500 | 0.76 | 0.65 |
| Max drawdown (3Y) | -18.8% | -14.5% |
| Market cap | $29.0B | – |
| P/E (trailing) | 30.7 | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Information Technology | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | TDY | VTV |
|---|---|---|
| 2022 | -8.5% | -2.1% |
| 2023 | +11.6% | +9.3% |
| 2024 | +4.0% | +16.0% |
| 2025 | +10.0% | +15.3% |
| 2026 | +22.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds TDY at a 0.11% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are TDY and VTV good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TDY and VTV?
The TDY/VTV correlation stands at 0.60 on a 3-year window (1 year: 0.50, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for TDY?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/tdy-vs-vtv.json
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[](https://www.pairbook.io/pair/tdy-vs-vtv/)
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Related comparisons
Hubs: TDY correlations · VTV correlations
