TVC vs TVE: Correlation
Measured on weekly returns over the past three years, Tennessee Valley Authority (TVC) and Tennessee Valley Authority (TVE) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TVC and TVE?
On 3 years of weekly data the TVC/TVE correlation comes out at 0.70, strong. The past 12 months show a weaker link (0.55) than the 3-year average (0.70). The 5-year figure is 0.77, and annualized covariance runs at 23.9 %².
Few assets follow TVC as closely as TVE, which ranks #1 of 10 tracked partners. Their 12-month results are close: +3.3% for TVC against +1.7% for TVE.
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.
TVC vs TVE: side by side
| TVC (Tennessee Valley Authority) | TVE (Tennessee Valley Authority) | |
|---|---|---|
| 1-year return | +3.3% | +1.7% |
| 5-year return | +3.0% | +0.6% |
| Volatility (ann.) | 5.5% | 6.1% |
| Beta vs S&P 500 | 0.06 | 0.08 |
| Max drawdown (3Y) | -5.1% | -5.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TVC | TVE |
|---|---|---|
| 2022 | -13.3% | -13.5% |
| 2023 | +6.5% | +7.2% |
| 2024 | -0.5% | +0.1% |
| 2025 | +9.2% | +12.1% |
| 2026 | +1.6% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TVC and TVE good diversifiers for each other?
Only partially. A correlation of 0.70 means TVC and TVE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TVC and TVE?
As of 2026-08-27, the correlation of weekly returns between TVC and TVE is 0.70 over 3 years, 0.55 over 1 year and 0.77 over 5 years.
Is TVE a good diversifier for TVC?
Only partially. A correlation of 0.70 means TVC and TVE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/tvc-vs-tve.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tvc-vs-tve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TVC correlations · TVE correlations
