MRNA vs TJX: Correlation
Moderna (MRNA) and TJX Companies (TJX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRNA and TJX?
Over the past 3 years, MRNA and TJX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.25). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -459.2 %².
TJX is close to the least connected end of MRNA's tracked universe, ranking #37 of 38. Correlation aside, the last 12 months split them widely, with MRNA ahead by 469.8 points (+468.8% versus -1.0%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.24 to 0.34. One caveat on sizing: MRNA is 5.5 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.
MRNA vs TJX: side by side
| MRNA (Moderna) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +468.8% | -1.0% |
| 5-year return | -61.5% | +98.2% |
| Volatility (ann.) | 100.7% | 18.3% |
| Beta vs S&P 500 | 0.98 | 0.45 |
| Max drawdown (3Y) | -86.6% | -20.1% |
| Market cap | $57.0B | $148.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | Health Care | Consumer Discretionary |
Year-by-year returns
| Year | MRNA | TJX |
|---|---|---|
| 2022 | -29.3% | +6.7% |
| 2023 | -44.6% | +19.7% |
| 2024 | -58.2% | +30.6% |
| 2025 | -29.1% | +28.7% |
| 2026 | +384.1% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRNA and TJX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between MRNA and TJX?
The MRNA/TJX correlation stands at -0.25 on a 3-year window (1 year: -0.40, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is TJX a good diversifier for MRNA?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/mrna-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mrna-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRNA correlations · TJX correlations
