DJP vs TJX: Correlation
iPath Bloomberg Commodity Index Total Return ETN (DJP) and TJX Companies (TJX) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJP and TJX?
On 3 years of weekly data the DJP/TJX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.21 over 3. The 5-year figure is -0.12, and annualized covariance runs at -64.1 %².
Among the 42 assets we track against DJP, TJX ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DJP ahead by 50.2 points (+49.2% versus -1.0%).
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.
DJP vs TJX: side by side
| DJP (iPath Bloomberg Commodity Index Total Return ETN) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +49.2% | -1.0% |
| 5-year return | +82.1% | +98.2% |
| Volatility (ann.) | 16.3% | 18.3% |
| Beta vs S&P 500 | 0.11 | 0.45 |
| Max drawdown (3Y) | -16.4% | -20.1% |
| Market cap | – | $148.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | – | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DJP | TJX |
|---|---|---|
| 2022 | +17.5% | +6.7% |
| 2023 | -9.8% | +19.7% |
| 2024 | +5.6% | +30.6% |
| 2025 | +17.2% | +28.7% |
| 2026 | +34.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJP and TJX 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 DJP and TJX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.24 over the last year and -0.12 over 5 years.
Is TJX a good diversifier for DJP?
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?
A reading of -0.21 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/djp-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/djp-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DJP correlations · TJX correlations
