Correlation
The correlation between TY and IJS is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
TY vs. IJS
Compare and contrast key facts about Tri-Continental Corporation (TY) and iShares S&P SmallCap 600 Value ETF (IJS).
IJS is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600/Citigroup Value Index. It was launched on Jul 24, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TY or IJS.
Performance
TY vs. IJS - Performance Comparison
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Key characteristics
TY:
0.44
IJS:
-0.06
TY:
0.63
IJS:
0.08
TY:
1.10
IJS:
1.01
TY:
0.34
IJS:
-0.06
TY:
1.00
IJS:
-0.16
TY:
6.72%
IJS:
10.52%
TY:
17.08%
IJS:
24.68%
TY:
-66.69%
IJS:
-60.11%
TY:
-8.46%
IJS:
-18.23%
Returns By Period
In the year-to-date period, TY achieves a -0.69% return, which is significantly higher than IJS's -11.53% return. Over the past 10 years, TY has outperformed IJS with an annualized return of 8.00%, while IJS has yielded a comparatively lower 6.55% annualized return.
TY
-0.69%
3.90%
-7.96%
5.99%
6.53%
9.00%
8.00%
IJS
-11.53%
4.00%
-17.60%
-2.93%
0.85%
12.12%
6.55%
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Risk-Adjusted Performance
TY vs. IJS — Risk-Adjusted Performance Rank
TY
IJS
TY vs. IJS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tri-Continental Corporation (TY) and iShares S&P SmallCap 600 Value ETF (IJS). 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.
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Dividends
TY vs. IJS - Dividend Comparison
TY's dividend yield for the trailing twelve months is around 4.59%, more than IJS's 2.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TY Tri-Continental Corporation | 4.59% | 4.45% | 3.86% | 4.35% | 3.27% | 3.65% | 3.98% | 4.99% | 4.33% | 4.13% | 4.05% | 3.51% |
IJS iShares S&P SmallCap 600 Value ETF | 2.01% | 1.78% | 1.42% | 1.47% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% | 1.41% |
Drawdowns
TY vs. IJS - Drawdown Comparison
The maximum TY drawdown since its inception was -66.69%, which is greater than IJS's maximum drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for TY and IJS.
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Volatility
TY vs. IJS - Volatility Comparison
The current volatility for Tri-Continental Corporation (TY) is 2.99%, while iShares S&P SmallCap 600 Value ETF (IJS) has a volatility of 7.21%. This indicates that TY experiences smaller price fluctuations and is considered to be less risky than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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