AN vs TJX: Correlation
Measured on weekly returns over the past three years, AutoNation, Inc. (AN) and TJX Companies (TJX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AN and TJX?
On 3 years of weekly data the AN/TJX correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.47 over 3. The 5-year figure is 0.34, and annualized covariance runs at 246.9 %².
Among the 13 assets we track against AN, TJX ranks #6 by 3-year correlation. Over the last 12 months TJX came out ahead by 9.5 percentage points (-10.5% against -1.0%). Note the risk asymmetry: AN runs 1.6 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.
AN vs TJX: side by side
| AN (AutoNation, Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -10.5% | -1.0% |
| 5-year return | +79.8% | +98.2% |
| Volatility (ann.) | 28.5% | 18.3% |
| Beta vs S&P 500 | 0.84 | 0.45 |
| Max drawdown (3Y) | -21.4% | -20.1% |
| Market cap | $6.6B | $148.3B |
| P/E (trailing) | 9.1 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AN | TJX |
|---|---|---|
| 2022 | -8.2% | +6.7% |
| 2023 | +40.0% | +19.7% |
| 2024 | +13.1% | +30.6% |
| 2025 | +21.6% | +28.7% |
| 2026 | -3.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AN and TJX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AN and TJX?
As of 2026-08-27, the correlation of weekly returns between AN and TJX is 0.47 over 3 years, 0.43 over 1 year and 0.34 over 5 years.
Is TJX a good diversifier for AN?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: AN correlations · TJX correlations
