MHK vs TSCO: Correlation
Mohawk Industries, Inc. (MHK) and Tractor Supply (TSCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and TSCO?
Over the past 3 years, MHK and TSCO moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 503.2 %².
By 3-year correlation, TSCO places #21 of the 27 assets tracked against MHK. Their recent paths diverged sharply: over the last 12 months MHK outperformed by 41.2 percentage points (-1.8% for MHK against -43.0% for TSCO).
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.
MHK vs TSCO: side by side
| MHK (Mohawk Industries, Inc.) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -1.8% | -43.0% |
| 5-year return | -35.8% | -1.7% |
| Volatility (ann.) | 39.3% | 28.5% |
| Beta vs S&P 500 | 1.13 | 0.67 |
| Max drawdown (3Y) | -42.0% | -52.7% |
| Market cap | $8.8B | $18.1B |
| P/E (trailing) | 17.5 | 18.3 |
| Dividend yield | 0.00% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MHK | TSCO |
|---|---|---|
| 2022 | -43.9% | -4.0% |
| 2023 | +1.3% | -2.6% |
| 2024 | +15.1% | +25.4% |
| 2025 | -8.3% | -4.2% |
| 2026 | +18.8% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and TSCO good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MHK and TSCO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.46 over the last year and 0.35 over 5 years.
Is TSCO a good diversifier for MHK?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/mhk-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mhk-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MHK correlations · TSCO correlations
