TROW vs TY: Correlation
T. Rowe Price (TROW) and Tri Continental Corporation (TY) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TROW and TY?
Over the past 3 years, TROW and TY moved with a correlation of 0.68, which is strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.68). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 215.8 %².
Among the 46 assets we track against TROW, TY ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +8.1% for TROW and +11.3% for TY. One caveat on sizing: TROW is 1.7 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.
TROW vs TY: side by side
| TROW (T. Rowe Price) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | +8.1% | +11.3% |
| 5-year return | -37.0% | +26.0% |
| Volatility (ann.) | 23.5% | 13.5% |
| Beta vs S&P 500 | 1.10 | 0.79 |
| Max drawdown (3Y) | -34.0% | -19.7% |
| Market cap | $24.0B | $1.9B |
| P/E (trailing) | 11.3 | 7.3 |
| Dividend yield | 4.57% | 3.09% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | TROW | TY |
|---|---|---|
| 2022 | -42.2% | -19.7% |
| 2023 | +3.4% | +17.2% |
| 2024 | +9.7% | +15.0% |
| 2025 | -4.7% | +6.6% |
| 2026 | +12.7% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TROW and TY good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between TROW and TY?
As of 2026-08-27, the correlation of weekly returns between TROW and TY is 0.68 over 3 years, 0.39 over 1 year and 0.67 over 5 years.
Is TY a good diversifier for TROW?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/trow-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trow-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TROW correlations · TY correlations
