AKAN vs TSCO: Correlation
Akanda Corp. (AKAN) and Tractor Supply (TSCO) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and TSCO?
Over the past 3 years, AKAN and TSCO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.20 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1645.2 %².
Among the 26 assets we track against AKAN, TSCO ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TSCO outperformed by 52.2 percentage points (-95.2% for AKAN against -43.0% for TSCO). Risk is not evenly split, since AKAN carries 10.0 times the volatility of the other side.
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.
AKAN vs TSCO: side by side
| AKAN (Akanda Corp.) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -95.2% | -43.0% |
| 5-year return | -100.0% | -1.7% |
| Volatility (ann.) | 285.6% | 28.5% |
| Beta vs S&P 500 | 2.86 | 0.67 |
| Max drawdown (3Y) | -99.9% | -52.7% |
| Market cap | – | $18.1B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AKAN | TSCO |
|---|---|---|
| 2022 | – | -4.0% |
| 2023 | -70.5% | -2.6% |
| 2024 | -95.5% | +25.4% |
| 2025 | -90.9% | -4.2% |
| 2026 | -58.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and TSCO good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKAN and TSCO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.37 over the last year and -0.14 over 5 years.
Is TSCO a good diversifier for AKAN?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · TSCO correlations
