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 14.54%/yr vs 9.44%/yr for HDV. A 0.67 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 8.62% return, which is significantly lower than HDV's 13.95% return. Over the past 10 years, TY has outperformed HDV with an annualized return of 14.54%, while HDV has yielded a comparatively lower 9.44% annualized return.
TY
- 1D
- 0.81%
- 1M
- 0.86%
- YTD
- 8.62%
- 6M
- 8.33%
- 1Y
- 23.12%
- 3Y*
- 19.46%
- 5Y*
- 10.61%
- 10Y*
- 14.54%
HDV
- 1D
- -0.11%
- 1M
- -1.46%
- YTD
- 13.95%
- 6M
- 13.56%
- 1Y
- 20.98%
- 3Y*
- 15.44%
- 5Y*
- 10.95%
- 10Y*
- 9.44%
TY vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TY Tri-Continental Corporation | 8.62% | 16.12% | 22.01% | 17.86% | -16.32% | 29.45% | 12.38% | 28.60% | -5.84% | 28.47% |
HDV iShares Core High Dividend ETF | 13.95% | 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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.67 |
Over the past year, the correlation between TY and HDV has dropped to 0.16 - well below their long-term average of 0.67, 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TY | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.36 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 4.07 | -0.65 |
| Martin ratioReturn relative to average drawdown | 14.18 | 11.13 | +3.05 |
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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 | -1.95% | -1.46% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -15.59% | -3.08% | -12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.89% | -0.26% |
Volatility
TY vs. HDV - Volatility Comparison
Tri-Continental Corporation (TY) has a higher volatility of 3.87% compared to iShares Core High Dividend ETF (HDV) at 3.45%. This indicates that TY's price experiences larger fluctuations and is considered to be riskier 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 | 3.87% | 3.45% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 7.60% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.08% | 9.93% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 12.81% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 15.73% | +0.80% |
Dividends
TY vs. HDV - Dividend Comparison
TY's dividend yield for the trailing twelve months is around 9.03%, more than HDV's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.90% | 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 | 9.03% | 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 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TY has higher volatility (3.87%) compared to HDV (3.45%). In terms of maximum drawdown, TY dropped -67.71% vs HDV's -37.04%.
TY currently has the higher Sharpe Ratio (2.32 vs 2.12), 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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