HD vs TPR: Correlation
Measured on weekly returns over the past three years, Home Depot (The) (HD) and Tapestry, Inc. (TPR) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and TPR?
Across a 3-year window, the weekly returns of HD and TPR correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.46 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 413.7 %².
Within HD's tracked universe of 54 assets, TPR comes in at #32 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TPR outperformed by 41.0 percentage points (-17.4% for HD against +23.6% for TPR). On a rolling one-year basis the correlation drifted between 0.29 and 0.55, a moderate band. Note the risk asymmetry: TPR runs 1.6 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.
HD vs TPR: side by side
| HD (Home Depot (The)) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -17.4% | +23.6% |
| 5-year return | +13.8% | +240.1% |
| Volatility (ann.) | 23.6% | 37.8% |
| Beta vs S&P 500 | 0.87 | 1.05 |
| Max drawdown (3Y) | -28.8% | -31.8% |
| Market cap | $327.9B | $24.6B |
| P/E (trailing) | 23.4 | 17.9 |
| Dividend yield | 1.38% | 1.23% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HD | TPR |
|---|---|---|
| 2022 | -22.0% | -3.3% |
| 2023 | +12.8% | +0.2% |
| 2024 | +15.0% | +82.8% |
| 2025 | -9.3% | +98.7% |
| 2026 | -3.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and TPR good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HD and TPR?
The HD/TPR correlation stands at 0.46 on a 3-year window (1 year: 0.56, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is TPR a good diversifier for HD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/hd-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hd-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HD correlations · TPR correlations
