ORLY vs TJX: Correlation
How closely do O'Reilly Automotive (ORLY) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORLY and TJX?
Across a 3-year window, the weekly returns of ORLY and TJX correlate at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 131.9 %².
Among the 29 assets we track against ORLY, TJX ranks #14 by 3-year correlation. The trailing year gives TJX the advantage: -15.6% versus -1.0%, a 14.6-point spread. On a rolling one-year basis the correlation drifted between 0.18 and 0.55, a moderate band.
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.
ORLY vs TJX: side by side
| ORLY (O'Reilly Automotive) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | -15.6% | -1.0% |
| 5-year return | +120.8% | +98.2% |
| Volatility (ann.) | 19.8% | 18.3% |
| Beta vs S&P 500 | 0.20 | 0.45 |
| Max drawdown (3Y) | -23.3% | -20.1% |
| Market cap | $71.1B | $148.3B |
| P/E (trailing) | 28.4 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | ORLY | TJX |
|---|---|---|
| 2022 | +19.5% | +6.7% |
| 2023 | +12.6% | +19.7% |
| 2024 | +24.8% | +30.6% |
| 2025 | +15.4% | +28.7% |
| 2026 | -3.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORLY and TJX good diversifiers for each other?
Reasonably. At 0.36, ORLY and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ORLY and TJX?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.38 over the last year and 0.42 over 5 years.
Is TJX a good diversifier for ORLY?
Reasonably. At 0.36, ORLY and TJX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/orly-vs-tjx.json
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[](https://www.pairbook.io/pair/orly-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ORLY correlations · TJX correlations
