DLTR vs TGT: Correlation
Measured on weekly returns over the past three years, Dollar Tree (DLTR) and Target Corporation (TGT) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and TGT?
On 3 years of weekly data the DLTR/TGT correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.38). The 5-year figure is 0.44, and annualized covariance runs at 456.8 %².
By 3-year correlation, TGT places #16 of the 32 assets tracked against DLTR. Their recent paths diverged sharply: over the last 12 months TGT outperformed by 63.7 percentage points (+12.5% for DLTR against +76.2% for TGT). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.69.
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.
DLTR vs TGT: side by side
| DLTR (Dollar Tree) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +12.5% | +76.2% |
| 5-year return | +39.7% | -22.2% |
| Volatility (ann.) | 37.3% | 32.0% |
| Beta vs S&P 500 | 0.70 | 0.62 |
| Max drawdown (3Y) | -59.2% | -49.8% |
| Market cap | $23.8B | $75.4B |
| P/E (trailing) | 21.2 | 17.2 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | DLTR | TGT |
|---|---|---|
| 2022 | +0.7% | -34.2% |
| 2023 | +0.4% | -1.4% |
| 2024 | -47.2% | -2.3% |
| 2025 | +64.1% | -24.5% |
| 2026 | +3.2% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and TGT good diversifiers for each other?
Reasonably. At 0.38, DLTR and TGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLTR and TGT?
As of 2026-08-27, the correlation of weekly returns between DLTR and TGT is 0.38 over 3 years, 0.49 over 1 year and 0.44 over 5 years.
Is TGT a good diversifier for DLTR?
Reasonably. At 0.38, DLTR and TGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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: DLTR correlations · TGT correlations
