DECK vs TJX: Correlation
How closely do Deckers Brands (DECK) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and TJX?
On 3 years of weekly data the DECK/TJX correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 266.2 %².
Among the 31 assets we track against DECK, TJX ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TJX outperformed by 25.0 percentage points (-26.0% for DECK against -1.0% for TJX). Across three years, the rolling one-year figure varied moderately, from 0.10 to 0.49. Note the risk asymmetry: DECK runs 2.4 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.
DECK vs TJX: side by side
| DECK (Deckers Brands) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -26.0% | -1.0% |
| 5-year return | +22.8% | +98.2% |
| Volatility (ann.) | 43.6% | 18.3% |
| Beta vs S&P 500 | 1.20 | 0.45 |
| Max drawdown (3Y) | -64.3% | -20.1% |
| Market cap | $11.8B | $148.3B |
| P/E (trailing) | 12.7 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DECK | TJX |
|---|---|---|
| 2022 | +9.0% | +6.7% |
| 2023 | +67.5% | +19.7% |
| 2024 | +82.3% | +30.6% |
| 2025 | -49.0% | +28.7% |
| 2026 | -16.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and TJX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DECK and TJX?
As of 2026-08-27, the correlation of weekly returns between DECK and TJX is 0.33 over 3 years, 0.31 over 1 year and 0.39 over 5 years.
Is TJX a good diversifier for DECK?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DECK correlations · TJX correlations
