TY vs VLTO: Correlation
How closely do Tri Continental Corporation (TY) and Veralto (VLTO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TY and VLTO?
Over the past 3 years, TY and VLTO moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.50). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 144.9 %².
Among the 18 assets we track against TY, VLTO ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TY ahead by 19.2 points (+11.3% versus -7.9%). Note the risk asymmetry: VLTO runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
TY vs VLTO: side by side
| TY (Tri Continental Corporation) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +11.3% | -7.9% |
| 5-year return | +26.0% | n/a |
| Volatility (ann.) | 13.5% | 21.2% |
| Beta vs S&P 500 | 0.79 | 0.66 |
| Max drawdown (3Y) | -19.7% | -27.1% |
| Market cap | $1.9B | $24.0B |
| P/E (trailing) | 7.3 | 24.9 |
| Dividend yield | 3.09% | 0.51% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | TY | VLTO |
|---|---|---|
| 2022 | -19.7% | – |
| 2023 | +17.2% | – |
| 2024 | +15.0% | +24.3% |
| 2025 | +6.6% | -1.6% |
| 2026 | +12.6% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TY and VLTO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TY and VLTO?
As of 2026-08-27, the correlation of weekly returns between TY and VLTO is 0.50 over 3 years, 0.35 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for TY?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ty-vs-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ty-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TY correlations · VLTO correlations
