FLD vs TJX: Correlation
Measured on weekly returns over the past three years, Fold Holdings, Inc. (FLD) and TJX Companies (TJX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLD and TJX?
Across a 3-year window, the weekly returns of FLD and TJX correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -346.5 %².
Out of 13 assets tracked against FLD, TJX lands near the bottom at #11. The last year tells two different stories: TJX led by 82.6 percentage points, -83.6% for FLD against -1.0% for TJX. Note the risk asymmetry: FLD runs 4.3 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.
FLD vs TJX: side by side
| FLD (Fold Holdings, Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -83.6% | -1.0% |
| 5-year return | -93.7% | +98.2% |
| Volatility (ann.) | 78.8% | 18.3% |
| Beta vs S&P 500 | 0.49 | 0.45 |
| Max drawdown (3Y) | -96.7% | -20.1% |
| Market cap | – | $148.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FLD | TJX |
|---|---|---|
| 2022 | – | +6.7% |
| 2023 | +5.3% | +19.7% |
| 2024 | +5.2% | +30.6% |
| 2025 | -76.5% | +28.7% |
| 2026 | -76.6% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLD and TJX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLD and TJX?
The FLD/TJX correlation stands at -0.24 on a 3-year window (1 year: -0.25, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is TJX a good diversifier for FLD?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fld-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fld-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLD correlations · TJX correlations
