FOXX vs TSCO: Correlation
Measured on weekly returns over the past three years, Foxx Development Holdings Inc. (FOXX) and Tractor Supply (TSCO) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXX and TSCO?
Over the past 3 years, FOXX and TSCO moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.18 over 3. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -558.3 %².
Among the 25 assets we track against FOXX, TSCO ranks #14 by 3-year correlation. The trailing year gives TSCO the advantage: -54.3% versus -43.0%, a 11.3-point spread. Risk is not evenly split, since FOXX carries 3.8 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.
FOXX vs TSCO: side by side
| FOXX (Foxx Development Holdings Inc.) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -54.3% | -43.0% |
| 5-year return | n/a | -1.7% |
| Volatility (ann.) | 108.9% | 28.5% |
| Beta vs S&P 500 | -0.69 | 0.67 |
| Max drawdown (3Y) | -87.3% | -52.7% |
| Market cap | – | $18.1B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FOXX | TSCO |
|---|---|---|
| 2022 | – | -4.0% |
| 2023 | +8.2% | -2.6% |
| 2024 | -48.4% | +25.4% |
| 2025 | -18.7% | -4.2% |
| 2026 | -40.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXX and TSCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between FOXX and TSCO?
As of 2026-08-27, the correlation of weekly returns between FOXX and TSCO is -0.18 over 3 years, -0.12 over 1 year and -0.15 over 5 years.
Is TSCO a good diversifier for FOXX?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/foxx-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foxx-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOXX correlations · TSCO correlations
