TDY vs VYM: Correlation
Teledyne Technologies (TDY) and Vanguard High Dividend Yield ETF (VYM) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TDY and VYM?
Over the past 3 years, TDY and VYM moved with a correlation of 0.58, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 157.2 %².
By 3-year correlation, VYM places #8 of the 35 assets tracked against TDY. The trailing year gives VYM the advantage: +15.7% versus +21.1%, a 5.4-point spread. Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.73. Risk is not evenly split, since TDY carries 1.8 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.
TDY vs VYM: side by side
| TDY (Teledyne Technologies) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +15.7% | +21.1% |
| 5-year return | +36.5% | +76.6% |
| Volatility (ann.) | 22.0% | 12.3% |
| Beta vs S&P 500 | 0.76 | 0.69 |
| Max drawdown (3Y) | -18.8% | -14.5% |
| Market cap | $29.0B | – |
| P/E (trailing) | 30.7 | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Information Technology | 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 | TDY | VYM |
|---|---|---|
| 2022 | -8.5% | -0.4% |
| 2023 | +11.6% | +6.6% |
| 2024 | +4.0% | +17.6% |
| 2025 | +10.0% | +15.4% |
| 2026 | +22.7% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TDY and VYM good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TDY and VYM?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.50 over the last year and 0.63 over 5 years.
Is VYM a good diversifier for TDY?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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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Hubs: TDY correlations · VYM correlations
