NVR vs TJX: Correlation
Measured on weekly returns over the past three years, NVR, Inc. (NVR) and TJX Companies (TJX) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and TJX?
On 3 years of weekly data the NVR/TJX correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 179.2 %².
By 3-year correlation, TJX places #23 of the 38 assets tracked against NVR. The last year tells two different stories: TJX led by 19.8 percentage points, -20.8% for NVR against -1.0% for TJX. The rolling one-year correlation moved between 0.28 and 0.65 over the past three years, a moderate range.
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.
NVR vs TJX: side by side
| NVR (NVR, Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -20.8% | -1.0% |
| 5-year return | +24.2% | +98.2% |
| Volatility (ann.) | 23.4% | 18.3% |
| Beta vs S&P 500 | 0.53 | 0.45 |
| Max drawdown (3Y) | -43.9% | -20.1% |
| Market cap | $17.0B | $148.3B |
| P/E (trailing) | 16.6 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | NVR | TJX |
|---|---|---|
| 2022 | -21.9% | +6.7% |
| 2023 | +51.8% | +19.7% |
| 2024 | +16.8% | +30.6% |
| 2025 | -10.8% | +28.7% |
| 2026 | -12.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and TJX good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVR and TJX?
As of 2026-08-27, the correlation of weekly returns between NVR and TJX is 0.42 over 3 years, 0.41 over 1 year and 0.45 over 5 years.
Is TJX a good diversifier for NVR?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/nvr-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvr-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVR correlations · TJX correlations
