OLLI vs TJX: Correlation
Ollie's Bargain Outlet Holdings, Inc. (OLLI) and TJX Companies (TJX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLLI and TJX?
Over the past 3 years, OLLI and TJX moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 307.8 %².
Few assets follow OLLI as closely as TJX, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months TJX outperformed by 44.2 percentage points (-45.2% for OLLI against -1.0% for TJX). Note the risk asymmetry: OLLI runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OLLI vs TJX: side by side
| OLLI (Ollie's Bargain Outlet Holdings, Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -45.2% | -1.0% |
| 5-year return | -6.7% | +98.2% |
| Volatility (ann.) | 35.2% | 18.3% |
| Beta vs S&P 500 | 0.75 | 0.45 |
| Max drawdown (3Y) | -56.1% | -20.1% |
| Market cap | $4.3B | $148.3B |
| P/E (trailing) | 18.4 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | OLLI | TJX |
|---|---|---|
| 2022 | -8.5% | +6.7% |
| 2023 | +62.0% | +19.7% |
| 2024 | +44.6% | +30.6% |
| 2025 | -0.1% | +28.7% |
| 2026 | -34.8% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLLI and TJX good diversifiers for each other?
Reasonably. At 0.48, OLLI and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OLLI and TJX?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.46 over the last year and 0.40 over 5 years.
Is TJX a good diversifier for OLLI?
Reasonably. At 0.48, OLLI and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/olli-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/olli-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OLLI correlations · TJX correlations
