RFAI vs TJX: Correlation
RF Acquisition Corp II (RFAI) and TJX Companies (TJX) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RFAI and TJX?
Across a 3-year window, the weekly returns of RFAI and TJX correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -1525.6 %².
Among the 65 assets we track against RFAI, TJX ranks #50 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 390.5 percentage points (+389.5% for RFAI against -1.0% for TJX). Note the risk asymmetry: RFAI runs 15.8 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.
RFAI vs TJX: side by side
| RFAI (RF Acquisition Corp II) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +389.5% | -1.0% |
| 5-year return | n/a | +98.2% |
| Volatility (ann.) | 288.3% | 18.3% |
| Beta vs S&P 500 | -1.62 | 0.45 |
| Max drawdown (3Y) | -16.5% | -20.1% |
| Market cap | $0.4B | $148.3B |
| P/E (trailing) | 399.9 | 24.9 |
| Dividend yield | 0.00% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | RFAI | TJX |
|---|---|---|
| 2022 | – | +6.7% |
| 2023 | – | +19.7% |
| 2024 | – | +30.6% |
| 2025 | +5.2% | +28.7% |
| 2026 | +383.6% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RFAI and TJX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RFAI and TJX?
As of 2026-08-27, the correlation of weekly returns between RFAI and TJX is -0.27 over 3 years, -0.38 over 1 year and n/a over 5 years.
Is TJX a good diversifier for RFAI?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/rfai-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rfai-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RFAI correlations · TJX correlations
