TY vs VOO: Correlation
Measured on weekly returns over the past three years, Tri Continental Corporation (TY) and Vanguard S&P 500 ETF (VOO) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TY and VOO?
Over the past 3 years, TY and VOO moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.88, and the annualized covariance of weekly returns is 164.1 %².
By 3-year correlation, VOO places #5 of the 18 assets tracked against TY. On 12-month performance VOO holds a 9.3-point edge, +11.3% against +20.6%.
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 VOO: side by side
| TY (Tri Continental Corporation) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +11.3% | +20.6% |
| 5-year return | +26.0% | +83.0% |
| Volatility (ann.) | 13.5% | 14.4% |
| Beta vs S&P 500 | 0.79 | 0.99 |
| Max drawdown (3Y) | -19.7% | -18.7% |
| Market cap | $1.9B | – |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 3.09% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | US Listed | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | TY | VOO |
|---|---|---|
| 2022 | -19.7% | -18.2% |
| 2023 | +17.2% | +26.3% |
| 2024 | +15.0% | +25.0% |
| 2025 | +6.6% | +17.8% |
| 2026 | +12.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TY and VOO good diversifiers for each other?
No: a correlation of 0.85 means TY and VOO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between TY and VOO?
As of 2026-08-27, the correlation of weekly returns between TY and VOO is 0.85 over 3 years, 0.77 over 1 year and 0.88 over 5 years.
Is VOO a good diversifier for TY?
No: a correlation of 0.85 means TY and VOO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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.
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Related comparisons
Hubs: TY correlations · VOO correlations
