RUSHB vs TJX: Correlation
Rush Enterprises, Inc. (RUSHB) and TJX Companies (TJX) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RUSHB and TJX?
Over the past 3 years, RUSHB and TJX moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 254.7 %².
By 3-year correlation, TJX places #8 of the 16 assets tracked against RUSHB. Their recent paths diverged sharply: over the last 12 months RUSHB outperformed by 32.6 percentage points (+31.6% for RUSHB against -1.0% for TJX). Note the risk asymmetry: RUSHB runs 1.7 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.
RUSHB vs TJX: side by side
| RUSHB (Rush Enterprises, Inc.) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +31.6% | -1.0% |
| 5-year return | +185.6% | +98.2% |
| Volatility (ann.) | 30.8% | 18.3% |
| Beta vs S&P 500 | 0.88 | 0.45 |
| Max drawdown (3Y) | -28.5% | -20.1% |
| Market cap | $9.0B | $148.3B |
| P/E (trailing) | 23.1 | 24.9 |
| Dividend yield | 0.99% | 1.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | RUSHB | TJX |
|---|---|---|
| 2022 | +5.9% | +6.7% |
| 2023 | +43.4% | +19.7% |
| 2024 | +4.3% | +30.6% |
| 2025 | +4.8% | +28.7% |
| 2026 | +38.0% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RUSHB and TJX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RUSHB and TJX?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.30 over the last year and 0.42 over 5 years.
Is TJX a good diversifier for RUSHB?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/rushb-vs-tjx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rushb-vs-tjx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RUSHB correlations · TJX correlations
