BURL vs TJX: Correlation
How closely do Burlington Stores, Inc. (BURL) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BURL and TJX?
Over the past 3 years, BURL and TJX moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 380.2 %².
Few assets follow BURL as closely as TJX, which ranks #2 of 14 tracked partners. Twelve-month performance is nearly a tie, at +3.5% for BURL and -1.0% for TJX. One caveat on sizing: BURL is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BURL vs TJX: side by side
| BURL (Burlington Stores, Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +3.5% | -1.0% |
| 5-year return | -3.9% | +98.2% |
| Volatility (ann.) | 38.7% | 18.3% |
| Beta vs S&P 500 | 0.87 | 0.45 |
| Max drawdown (3Y) | -28.4% | -20.1% |
| Market cap | $18.3B | $148.3B |
| P/E (trailing) | 32.3 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BURL | TJX |
|---|---|---|
| 2022 | -30.4% | +6.7% |
| 2023 | -4.1% | +19.7% |
| 2024 | +46.6% | +30.6% |
| 2025 | +1.3% | +28.7% |
| 2026 | +0.4% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BURL and TJX good diversifiers for each other?
Only partially. A correlation of 0.54 means BURL and TJX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BURL and TJX?
The BURL/TJX correlation stands at 0.54 on a 3-year window (1 year: 0.60, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is TJX a good diversifier for BURL?
Only partially. A correlation of 0.54 means BURL and TJX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/burl-vs-tjx.json
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[](https://www.pairbook.io/pair/burl-vs-tjx/)
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Related comparisons
Hubs: BURL correlations · TJX correlations
