MCD vs TJX: Correlation
How closely do McDonald's (MCD) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCD and TJX?
On 3 years of weekly data the MCD/TJX correlation comes out at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.41). The 5-year figure is 0.47, and annualized covariance runs at 132.2 %².
Among the 34 assets we track against MCD, TJX ranks #18 by 3-year correlation. The trailing year gives TJX the advantage: -14.5% versus -1.0%, a 13.5-point spread. Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.54.
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.
MCD vs TJX: side by side
| MCD (McDonald's) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -14.5% | -1.0% |
| 5-year return | +23.3% | +98.2% |
| Volatility (ann.) | 17.8% | 18.3% |
| Beta vs S&P 500 | 0.30 | 0.45 |
| Max drawdown (3Y) | -22.8% | -20.1% |
| Market cap | $184.0B | $148.3B |
| P/E (trailing) | 21.7 | 24.9 |
| Dividend yield | 2.75% | 1.32% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | MCD | TJX |
|---|---|---|
| 2022 | +0.5% | +6.7% |
| 2023 | +15.1% | +19.7% |
| 2024 | +0.1% | +30.6% |
| 2025 | +7.9% | +28.7% |
| 2026 | -13.9% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCD and TJX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MCD and TJX?
As of 2026-08-27, the correlation of weekly returns between MCD and TJX is 0.41 over 3 years, 0.51 over 1 year and 0.47 over 5 years.
Is TJX a good diversifier for MCD?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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
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Related comparisons
Hubs: MCD correlations · TJX correlations
