NSTS vs TSCO: Correlation
How closely do NSTS Bancorp, Inc. (NSTS) and Tractor Supply (TSCO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSTS and TSCO?
On 3 years of weekly data the NSTS/TSCO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.21). The 5-year figure is -0.11, and annualized covariance runs at -112.9 %².
TSCO is close to the least connected end of NSTS's tracked universe, ranking #11 of 15. The last year tells two different stories: NSTS led by 60.9 percentage points, +17.9% for NSTS against -43.0% for TSCO. One caveat on sizing: TSCO is 1.5 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.
NSTS vs TSCO: side by side
| NSTS (NSTS Bancorp, Inc.) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | +17.9% | -43.0% |
| 5-year return | +11.4% | -1.7% |
| Volatility (ann.) | 19.0% | 28.5% |
| Beta vs S&P 500 | 0.01 | 0.67 |
| Max drawdown (3Y) | -18.5% | -52.7% |
| Market cap | $0.1B | $18.1B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | NSTS | TSCO |
|---|---|---|
| 2022 | – | -4.0% |
| 2023 | -6.1% | -2.6% |
| 2024 | +24.1% | +25.4% |
| 2025 | +9.7% | -4.2% |
| 2026 | +8.3% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSTS and TSCO good diversifiers for each other?
Yes. With a correlation of -0.21, NSTS and TSCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NSTS and TSCO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.09 over the last year and -0.11 over 5 years.
Is TSCO a good diversifier for NSTS?
Yes. With a correlation of -0.21, NSTS and TSCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/nsts-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nsts-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NSTS correlations · TSCO correlations
