LOW vs TJX: Correlation
Measured on weekly returns over the past three years, Lowe's (LOW) and TJX Companies (TJX) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and TJX?
Across a 3-year window, the weekly returns of LOW and TJX correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.45 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 205.6 %².
Within LOW's tracked universe of 46 assets, TJX comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TJX ahead by 17.4 points (-18.4% versus -1.0%). The rolling one-year correlation moved between 0.29 and 0.70 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.
LOW vs TJX: side by side
| LOW (Lowe's) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -18.4% | -1.0% |
| 5-year return | +11.1% | +98.2% |
| Volatility (ann.) | 24.8% | 18.3% |
| Beta vs S&P 500 | 0.83 | 0.45 |
| Max drawdown (3Y) | -29.0% | -20.1% |
| Market cap | – | $148.3B |
| P/E (trailing) | 17.8 | 24.9 |
| Dividend yield | 2.31% | 1.32% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LOW | TJX |
|---|---|---|
| 2022 | -21.5% | +6.7% |
| 2023 | +14.0% | +19.7% |
| 2024 | +13.0% | +30.6% |
| 2025 | -0.3% | +28.7% |
| 2026 | -12.9% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and TJX good diversifiers for each other?
Reasonably. At 0.45, LOW and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOW and TJX?
As of 2026-08-27, the correlation of weekly returns between LOW and TJX is 0.45 over 3 years, 0.34 over 1 year and 0.51 over 5 years.
Is TJX a good diversifier for LOW?
Reasonably. At 0.45, LOW and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/low-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/low-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOW correlations · TJX correlations
