HD vs TSCO: Correlation
Measured on weekly returns over the past three years, Home Depot (The) (HD) and Tractor Supply (TSCO) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and TSCO?
Across a 3-year window, the weekly returns of HD and TSCO correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.56, with an annualized covariance of 363.2 %².
Within HD's tracked universe of 54 assets, TSCO comes in at #23 by 3-year correlation. The last year tells two different stories: HD led by 25.6 percentage points, -17.4% for HD against -43.0% for TSCO. The rolling one-year correlation moved between 0.39 and 0.66 over the past three years, a moderate range.
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 TSCO: side by side
| HD (Home Depot (The)) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -17.4% | -43.0% |
| 5-year return | +13.8% | -1.7% |
| Volatility (ann.) | 23.6% | 28.5% |
| Beta vs S&P 500 | 0.87 | 0.67 |
| Max drawdown (3Y) | -28.8% | -52.7% |
| Market cap | $327.9B | $18.1B |
| P/E (trailing) | 23.4 | 18.3 |
| Dividend yield | 1.38% | 2.68% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | HD | TSCO |
|---|---|---|
| 2022 | -22.0% | -4.0% |
| 2023 | +12.8% | -2.6% |
| 2024 | +15.0% | +25.4% |
| 2025 | -9.3% | -4.2% |
| 2026 | -3.1% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and TSCO good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HD and TSCO?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.56 over the last year and 0.56 over 5 years.
Is TSCO a good diversifier for HD?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hd-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HD correlations · TSCO correlations
