SYY vs TGT: Correlation
Measured on weekly returns over the past three years, Sysco (SYY) and Target Corporation (TGT) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYY and TGT?
On 3 years of weekly data the SYY/TGT correlation comes out at 0.27, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 176.1 %².
Within SYY's tracked universe of 33 assets, TGT comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TGT outperformed by 70.6 percentage points (+5.6% for SYY against +76.2% for TGT). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.14 to 0.64. Risk is not evenly split, since TGT carries 1.6 times the volatility of the other side.
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.
SYY vs TGT: side by side
| SYY (Sysco) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +5.6% | +76.2% |
| 5-year return | +19.2% | -22.2% |
| Volatility (ann.) | 20.3% | 32.0% |
| Beta vs S&P 500 | 0.14 | 0.62 |
| Max drawdown (3Y) | -24.0% | -49.8% |
| Market cap | $39.5B | $75.4B |
| P/E (trailing) | 22.5 | 17.2 |
| Dividend yield | 2.61% | 2.78% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | SYY | TGT |
|---|---|---|
| 2022 | -0.3% | -34.2% |
| 2023 | -1.7% | -1.4% |
| 2024 | +7.4% | -2.3% |
| 2025 | -1.0% | -24.5% |
| 2026 | +14.3% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYY and TGT good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SYY and TGT?
The SYY/TGT correlation stands at 0.27 on a 3-year window (1 year: 0.19, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is TGT a good diversifier for SYY?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: SYY correlations · TGT correlations
