FRT vs TJX: Correlation
How closely do Federal Realty Investment Trust (FRT) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and TJX?
Across a 3-year window, the weekly returns of FRT and TJX correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 154.1 %².
Within FRT's tracked universe of 46 assets, TJX comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRT ahead by 22.6 points (+21.6% versus -1.0%). This link changes with the market regime, having swung between 0.15 and 0.67 on a rolling one-year basis.
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.
FRT vs TJX: side by side
| FRT (Federal Realty Investment Trust) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +21.6% | -1.0% |
| 5-year return | +18.8% | +98.2% |
| Volatility (ann.) | 19.5% | 18.3% |
| Beta vs S&P 500 | 0.53 | 0.45 |
| Max drawdown (3Y) | -27.4% | -20.1% |
| Market cap | $10.2B | $148.3B |
| P/E (trailing) | 23.6 | 24.9 |
| Dividend yield | 3.84% | 1.32% |
| Sector / category | Real Estate | Consumer Discretionary |
Year-by-year returns
| Year | FRT | TJX |
|---|---|---|
| 2022 | -22.7% | +6.7% |
| 2023 | +6.6% | +19.7% |
| 2024 | +12.1% | +30.6% |
| 2025 | -5.9% | +28.7% |
| 2026 | +19.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and TJX good diversifiers for each other?
Reasonably. At 0.43, FRT and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRT and TJX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.47 over the last year and 0.52 over 5 years.
Is TJX a good diversifier for FRT?
Reasonably. At 0.43, FRT and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/frt-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRT correlations · TJX correlations
