TKC vs VVR: Correlation
How closely do Turkcell Iletisim Hizmetleri AS (TKC) and Invesco Senior Income Trust (VVR) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TKC and VVR?
On 3 years of weekly data the TKC/VVR correlation comes out at 0.32, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.32). The 5-year figure is 0.22, and annualized covariance runs at 159.1 %².
Within TKC's tracked universe of 13 assets, VVR comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -12.6% for TKC and -8.3% for VVR. One caveat on sizing: TKC is 2.2 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.
TKC vs VVR: side by side
| TKC (Turkcell Iletisim Hizmetleri AS) | VVR (Invesco Senior Income Trust) | |
|---|---|---|
| 1-year return | -12.6% | -8.3% |
| 5-year return | +30.6% | +22.0% |
| Volatility (ann.) | 32.9% | 15.0% |
| Beta vs S&P 500 | 0.45 | 0.32 |
| Max drawdown (3Y) | -28.5% | -19.5% |
| Market cap | $4.7B | $0.4B |
| P/E (trailing) | 12.6 | 32.3 |
| Dividend yield | 0.00% | 15.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TKC | VVR |
|---|---|---|
| 2022 | +38.2% | -1.1% |
| 2023 | +2.5% | +20.9% |
| 2024 | +44.5% | +9.0% |
| 2025 | -14.3% | -6.2% |
| 2026 | -1.3% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TKC and VVR good diversifiers for each other?
Reasonably. At 0.32, TKC and VVR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TKC and VVR?
As of 2026-08-27, the correlation of weekly returns between TKC and VVR is 0.32 over 3 years, 0.13 over 1 year and 0.22 over 5 years.
Is VVR a good diversifier for TKC?
Reasonably. At 0.32, TKC and VVR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/tkc-vs-vvr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tkc-vs-vvr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TKC correlations · VVR correlations
