DPZ vs TJX: Correlation
How closely do Domino's (DPZ) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and TJX?
Across a 3-year window, the weekly returns of DPZ and TJX correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 199.5 %².
Within DPZ's tracked universe of 31 assets, TJX comes in at #17 by 3-year correlation. The last year tells two different stories: TJX led by 24.2 percentage points, -25.2% for DPZ against -1.0% for TJX. The rolling one-year correlation moved between 0.18 and 0.51 over the past three years, a moderate range. Risk is not evenly split, since DPZ carries 1.5 times the volatility of the other side.
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.
DPZ vs TJX: side by side
| DPZ (Domino's) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -25.2% | -1.0% |
| 5-year return | -31.2% | +98.2% |
| Volatility (ann.) | 27.8% | 18.3% |
| Beta vs S&P 500 | 0.67 | 0.45 |
| Max drawdown (3Y) | -45.1% | -20.1% |
| Market cap | $11.0B | $148.3B |
| P/E (trailing) | 19.5 | 24.9 |
| Dividend yield | 2.17% | 1.32% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DPZ | TJX |
|---|---|---|
| 2022 | -37.9% | +6.7% |
| 2023 | +20.7% | +19.7% |
| 2024 | +3.2% | +30.6% |
| 2025 | +0.9% | +28.7% |
| 2026 | -19.4% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and TJX good diversifiers for each other?
Reasonably. At 0.39, DPZ and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DPZ and TJX?
As of 2026-08-27, the correlation of weekly returns between DPZ and TJX is 0.39 over 3 years, 0.45 over 1 year and 0.40 over 5 years.
Is TJX a good diversifier for DPZ?
Reasonably. At 0.39, DPZ and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DPZ correlations · TJX correlations
