TY vs. HDV
TY (Tri-Continental Corporation) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, TY returned 14.29%/yr vs 9.26%/yr for HDV. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
TY vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, TY achieves a 8.72% return, which is significantly lower than HDV's 12.69% return. Over the past 10 years, TY has outperformed HDV with an annualized return of 14.29%, while HDV has yielded a comparatively lower 9.26% annualized return.
TY
- 1D
- -0.45%
- 1M
- 3.35%
- YTD
- 8.72%
- 6M
- 9.99%
- 1Y
- 26.20%
- 3Y*
- 20.03%
- 5Y*
- 10.79%
- 10Y*
- 14.29%
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
TY vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TY Tri-Continental Corporation | 8.72% | 16.12% | 22.01% | 17.86% | -16.32% | 29.45% | 12.38% | 28.60% | -5.84% | 28.47% |
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between TY and HDV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2011 | 0.68 |
Over the past year, the correlation between TY and HDV has dropped to 0.19 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
TY vs. HDV — Risk / Return Rank
TY
HDV
TY vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tri-Continental Corporation (TY) and iShares Core High Dividend ETF (HDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TY | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.36 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 3.95 | -0.07 |
| Martin ratioReturn relative to average drawdown | 16.60 | 11.02 | +5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TY | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.10 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.81 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.59 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.72 | -0.39 |
Drawdowns
TY vs. HDV - Drawdown Comparison
The maximum TY drawdown since its inception was -67.71%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for TY and HDV.
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Drawdown Indicators
| TY | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.71% | -37.04% | -30.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -5.18% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -10.49% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -15.42% | -5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -38.57% | -37.04% | -1.53% |
Current DrawdownCurrent decline from peak | -0.45% | -2.54% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -3.09% | -12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.85% | -0.27% |
Volatility
TY vs. HDV - Volatility Comparison
The current volatility for Tri-Continental Corporation (TY) is 1.74%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.19%. This indicates that TY experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TY | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 3.19% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 7.56% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.61% | 9.73% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 12.82% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 15.73% | +0.78% |
Dividends
TY vs. HDV - Dividend Comparison
TY's dividend yield for the trailing twelve months is around 11.13%, more than HDV's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
TY Tri-Continental Corporation | 11.13% | 11.97% | 10.61% | 4.36% | 8.71% | 14.13% | 6.25% | 6.86% | 8.13% | 4.69% | 4.12% | 4.05% |
Frequently Asked Questions
TY and HDV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (3.19%) compared to TY (1.74%). In terms of maximum drawdown, TY dropped -67.71% vs HDV's -37.04%.
TY currently has the higher Sharpe Ratio (2.74 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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