SWK vs TGT: Correlation
Measured on weekly returns over the past three years, Stanley Black & Decker (SWK) and Target Corporation (TGT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWK and TGT?
Over the past 3 years, SWK and TGT moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 519.1 %².
Among the 55 assets we track against SWK, TGT ranks #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TGT ahead by 39.2 points (+37.0% versus +76.2%). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.71.
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.
SWK vs TGT: side by side
| SWK (Stanley Black & Decker) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +37.0% | +76.2% |
| 5-year return | -39.1% | -22.2% |
| Volatility (ann.) | 35.4% | 32.0% |
| Beta vs S&P 500 | 1.19 | 0.62 |
| Max drawdown (3Y) | -48.3% | -49.8% |
| Market cap | $15.0B | $75.4B |
| P/E (trailing) | 24.4 | 17.2 |
| Dividend yield | 3.33% | 2.78% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | SWK | TGT |
|---|---|---|
| 2022 | -58.9% | -34.2% |
| 2023 | +35.6% | -1.4% |
| 2024 | -15.2% | -2.3% |
| 2025 | -3.2% | -24.5% |
| 2026 | +36.5% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWK and TGT good diversifiers for each other?
Reasonably. At 0.46, SWK and TGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SWK and TGT?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.45 over the last year and 0.46 over 5 years.
Is TGT a good diversifier for SWK?
Reasonably. At 0.46, SWK and TGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: SWK correlations · TGT correlations
