RPM vs TSCO: Correlation
Measured on weekly returns over the past three years, RPM International Inc. (RPM) and Tractor Supply (TSCO) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPM and TSCO?
Over the past 3 years, RPM and TSCO moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 388.8 %².
By 3-year correlation, TSCO places #18 of the 33 assets tracked against RPM. Correlation aside, the last 12 months split them widely, with RPM ahead by 28.7 points (-14.3% versus -43.0%).
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.
RPM vs TSCO: side by side
| RPM (RPM International Inc.) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | -14.3% | -43.0% |
| 5-year return | +38.7% | -1.7% |
| Volatility (ann.) | 25.0% | 28.5% |
| Beta vs S&P 500 | 0.85 | 0.67 |
| Max drawdown (3Y) | -32.0% | -52.7% |
| Market cap | $13.5B | $18.1B |
| P/E (trailing) | 20.7 | 18.3 |
| Dividend yield | 1.99% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | RPM | TSCO |
|---|---|---|
| 2022 | -1.7% | -4.0% |
| 2023 | +16.8% | -2.6% |
| 2024 | +12.1% | +25.4% |
| 2025 | -13.9% | -4.2% |
| 2026 | +3.2% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPM and TSCO good diversifiers for each other?
Only partially. A correlation of 0.55 means RPM and TSCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RPM and TSCO?
As of 2026-08-27, the correlation of weekly returns between RPM and TSCO is 0.55 over 3 years, 0.57 over 1 year and 0.48 over 5 years.
Is TSCO a good diversifier for RPM?
Only partially. A correlation of 0.55 means RPM and TSCO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/rpm-vs-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rpm-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RPM correlations · TSCO correlations
