AGIG vs TJX: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and TJX?
Over the past 3 years, AGIG and TJX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.20 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -569.6 %².
By 3-year correlation, TJX places #19 of the 34 assets tracked against AGIG. Correlation aside, the last 12 months split them widely, with TJX ahead by 87.7 points (-88.7% versus -1.0%). Note the risk asymmetry: AGIG runs 8.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGIG vs TJX: side by side
| AGIG (Abundia Global Impact Group Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -88.7% | -1.0% |
| 5-year return | -94.6% | +98.2% |
| Volatility (ann.) | 157.1% | 18.3% |
| Beta vs S&P 500 | -0.21 | 0.45 |
| Max drawdown (3Y) | -96.7% | -20.1% |
| Market cap | – | $148.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AGIG | TJX |
|---|---|---|
| 2022 | +140.6% | +6.7% |
| 2023 | -48.0% | +19.7% |
| 2024 | -27.9% | +30.6% |
| 2025 | -84.7% | +28.7% |
| 2026 | -51.0% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and TJX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGIG and TJX?
The AGIG/TJX correlation stands at -0.20 on a 3-year window (1 year: -0.09, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is TJX a good diversifier for AGIG?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGIG correlations · TJX correlations
