LOW vs TSCO: Correlation
Measured on weekly returns over the past three years, Lowe's (LOW) and Tractor Supply (TSCO) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and TSCO?
Over the past 3 years, LOW and TSCO moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 356.9 %².
By 3-year correlation, TSCO places #20 of the 46 assets tracked against LOW. Correlation aside, the last 12 months split them widely, with LOW ahead by 24.6 points (-18.4% versus -43.0%). Stability stands out here, with the rolling one-year correlation confined to 0.37 through 0.61.
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 TSCO: side by side
| LOW (Lowe's) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -18.4% | -43.0% |
| 5-year return | +11.1% | -1.7% |
| Volatility (ann.) | 24.8% | 28.5% |
| Beta vs S&P 500 | 0.83 | 0.67 |
| Max drawdown (3Y) | -29.0% | -52.7% |
| Market cap | – | $18.1B |
| P/E (trailing) | 17.8 | 18.3 |
| Dividend yield | 2.31% | 2.68% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LOW | TSCO |
|---|---|---|
| 2022 | -21.5% | -4.0% |
| 2023 | +14.0% | -2.6% |
| 2024 | +13.0% | +25.4% |
| 2025 | -0.3% | -4.2% |
| 2026 | -12.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and TSCO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LOW and TSCO?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.50 over the last year and 0.53 over 5 years.
Is TSCO a good diversifier for LOW?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/low-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/low-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOW correlations · TSCO correlations
