TWI vs VYM: Correlation
Titan International, Inc. (DE) (TWI) and Vanguard High Dividend Yield ETF (VYM) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TWI and VYM?
On 3 years of weekly data the TWI/VYM correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 361.0 %².
In TWI's tracked universe of 11 assets, VYM sits right near the top at #2. The last year tells two different stories: VYM led by 44.0 percentage points, -22.9% for TWI against +21.1% for VYM. One caveat on sizing: TWI is 3.9 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.
TWI vs VYM: side by side
| TWI (Titan International, Inc. (DE)) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | -22.9% | +21.1% |
| 5-year return | -16.4% | +76.6% |
| Volatility (ann.) | 48.0% | 12.3% |
| Beta vs S&P 500 | 1.38 | 0.69 |
| Max drawdown (3Y) | -58.5% | -14.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | 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 | TWI | VYM |
|---|---|---|
| 2022 | +39.8% | -0.4% |
| 2023 | -2.9% | +6.6% |
| 2024 | -54.4% | +17.6% |
| 2025 | +15.3% | +15.4% |
| 2026 | -10.7% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TWI and VYM good diversifiers for each other?
Only partially. A correlation of 0.61 means TWI and VYM 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 TWI and VYM?
The TWI/VYM correlation stands at 0.61 on a 3-year window (1 year: 0.64, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for TWI?
Only partially. A correlation of 0.61 means TWI and VYM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/twi-vs-vym.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/twi-vs-vym/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TWI correlations · VYM correlations
