BZH vs TSCO: Correlation
Measured on weekly returns over the past three years, Beazer Homes USA, Inc. (BZH) and Tractor Supply (TSCO) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and TSCO?
On 3 years of weekly data the BZH/TSCO correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.46 over 3. The 5-year figure is 0.40, and annualized covariance runs at 639.3 %².
By 3-year correlation, TSCO places #6 of the 12 assets tracked against BZH. The last year tells two different stories: BZH led by 73.8 percentage points, +30.8% for BZH against -43.0% for TSCO. Note the risk asymmetry: BZH runs 1.7 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.
BZH vs TSCO: side by side
| BZH (Beazer Homes USA, Inc.) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | +30.8% | -43.0% |
| 5-year return | +78.6% | -1.7% |
| Volatility (ann.) | 48.3% | 28.5% |
| Beta vs S&P 500 | 1.27 | 0.67 |
| Max drawdown (3Y) | -49.8% | -52.7% |
| Market cap | $0.9B | $18.1B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BZH | TSCO |
|---|---|---|
| 2022 | -45.0% | -4.0% |
| 2023 | +164.8% | -2.6% |
| 2024 | -18.7% | +25.4% |
| 2025 | -26.2% | -4.2% |
| 2026 | +63.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and TSCO good diversifiers for each other?
Reasonably. At 0.46, BZH and TSCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BZH and TSCO?
The BZH/TSCO correlation stands at 0.46 on a 3-year window (1 year: 0.42, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TSCO a good diversifier for BZH?
Reasonably. At 0.46, BZH and TSCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/bzh-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bzh-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZH correlations · TSCO correlations
