Extreme climate events such as droughts and heat waves exert strong impacts on ecosystems and human well-being. Estimations of the risks of climate extremes typically focus on one variable in isolation. In this study, we present a method to examine the likelihood of concurrent extreme temperature and precipitation modes at the interannual scale, including compound cool/dry and cool/wet events during the cold season as well as compound hot/dry and hot/wet events during the warm season.