LZB vs TJX: Correlation
Measured on weekly returns over the past three years, La-Z-Boy Incorporated (LZB) and TJX Companies (TJX) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and TJX?
On 3 years of weekly data the LZB/TJX correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 287.8 %².
Among the 14 assets we track against LZB, TJX ranks #6 by 3-year correlation. Over the last 12 months TJX came out ahead by 7.9 percentage points (-8.9% against -1.0%). One caveat on sizing: LZB is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LZB vs TJX: side by side
| LZB (La-Z-Boy Incorporated) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -8.9% | -1.0% |
| 5-year return | +3.8% | +98.2% |
| Volatility (ann.) | 33.7% | 18.3% |
| Beta vs S&P 500 | 0.78 | 0.45 |
| Max drawdown (3Y) | -37.9% | -20.1% |
| Market cap | $1.3B | $148.3B |
| P/E (trailing) | 16.4 | 24.9 |
| Dividend yield | 2.93% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | LZB | TJX |
|---|---|---|
| 2022 | -35.5% | +6.7% |
| 2023 | +65.7% | +19.7% |
| 2024 | +20.4% | +30.6% |
| 2025 | -12.5% | +28.7% |
| 2026 | -11.0% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and TJX good diversifiers for each other?
Reasonably. At 0.47, LZB and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LZB and TJX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and 0.47 over 5 years.
Is TJX a good diversifier for LZB?
Reasonably. At 0.47, LZB and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lzb-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lzb-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LZB correlations · TJX correlations
