BBY vs TNL: Correlation
How closely do Best Buy (BBY) and Travel Leisure Co. (TNL) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and TNL?
Across a 3-year window, the weekly returns of BBY and TNL correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 529.6 %².
Within BBY's tracked universe of 33 assets, TNL comes in at #15 by 3-year correlation. Neither side won the trailing year by much: +16.9% against +19.2%.
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.
BBY vs TNL: side by side
| BBY (Best Buy) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +16.9% | +19.2% |
| 5-year return | -11.2% | +59.9% |
| Volatility (ann.) | 37.6% | 30.1% |
| Beta vs S&P 500 | 0.97 | 1.19 |
| Max drawdown (3Y) | -44.3% | -32.2% |
| Market cap | – | $4.4B |
| P/E (trailing) | 16.2 | 19.9 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | TNL |
|---|---|---|
| 2022 | -17.5% | -31.7% |
| 2023 | +2.5% | +12.5% |
| 2024 | +14.4% | +34.8% |
| 2025 | -17.8% | +45.5% |
| 2026 | +28.4% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and TNL good diversifiers for each other?
Reasonably. At 0.47, BBY and TNL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBY and TNL?
The BBY/TNL correlation stands at 0.47 on a 3-year window (1 year: 0.41, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TNL a good diversifier for BBY?
Reasonably. At 0.47, BBY and TNL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bby-vs-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bby-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBY correlations · TNL correlations
