BJ vs COF: Correlation
Measured on weekly returns over the past three years, BJ's Wholesale Club Holdings, Inc. (BJ) and Capital One (COF) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and COF?
Across a 3-year window, the weekly returns of BJ and COF correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.05, with an annualized covariance of -165.9 %².
Among the 43 assets we track against BJ, COF ranks #20 by 3-year correlation. Neither side won the trailing year by much: -6.9% against -2.0%.
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.
BJ vs COF: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | COF (Capital One) | |
|---|---|---|
| 1-year return | -6.9% | -2.0% |
| 5-year return | +59.5% | +43.2% |
| Volatility (ann.) | 26.4% | 30.6% |
| Beta vs S&P 500 | -0.14 | 1.28 |
| Max drawdown (3Y) | -30.1% | -31.5% |
| Market cap | $11.4B | $132.9B |
| P/E (trailing) | 20.4 | 12.0 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | COF |
|---|---|---|
| 2022 | -1.2% | -34.6% |
| 2023 | +0.8% | +44.3% |
| 2024 | +34.0% | +38.2% |
| 2025 | +0.8% | +37.6% |
| 2026 | +0.5% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and COF good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and COF?
The BJ/COF correlation stands at -0.21 on a 3-year window (1 year: -0.25, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is COF a good diversifier for BJ?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: BJ correlations · COF correlations
