TGT vs TOWN: Correlation
How closely do Target Corporation (TGT) and Towne Bank (TOWN) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TGT and TOWN?
Over the past 3 years, TGT and TOWN moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.46). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 372.0 %².
By 3-year correlation, TOWN places #14 of the 35 assets tracked against TGT. The last year tells two different stories: TGT led by 69.5 percentage points, +76.2% for TGT against +6.7% for TOWN.
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.
TGT vs TOWN: side by side
| TGT (Target Corporation) | TOWN (Towne Bank) | |
|---|---|---|
| 1-year return | +76.2% | +6.7% |
| 5-year return | -22.2% | +47.6% |
| Volatility (ann.) | 32.0% | 25.0% |
| Beta vs S&P 500 | 0.62 | 0.77 |
| Max drawdown (3Y) | -49.8% | -18.4% |
| Market cap | $75.4B | $3.5B |
| P/E (trailing) | 17.2 | 18.0 |
| Dividend yield | 2.78% | 2.90% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | TGT | TOWN |
|---|---|---|
| 2022 | -34.2% | +0.7% |
| 2023 | -1.4% | +0.3% |
| 2024 | -2.3% | +18.3% |
| 2025 | -24.5% | +1.0% |
| 2026 | +74.4% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TGT and TOWN good diversifiers for each other?
Reasonably. At 0.46, TGT and TOWN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TGT and TOWN?
As of 2026-08-27, the correlation of weekly returns between TGT and TOWN is 0.46 over 3 years, 0.56 over 1 year and 0.30 over 5 years.
Is TOWN a good diversifier for TGT?
Reasonably. At 0.46, TGT and TOWN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: TGT correlations · TOWN correlations
