TGT vs USB: Correlation
How closely do Target Corporation (TGT) and U.S. Bancorp (USB) 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 USB?
Over the past 3 years, TGT and USB moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 405.2 %².
By 3-year correlation, USB places #15 of the 35 assets tracked against TGT. Their recent paths diverged sharply: over the last 12 months TGT outperformed by 43.1 percentage points (+76.2% for TGT against +33.1% for USB). Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.65.
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 USB: side by side
| TGT (Target Corporation) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +76.2% | +33.1% |
| 5-year return | -22.2% | +36.0% |
| Volatility (ann.) | 32.0% | 27.3% |
| Beta vs S&P 500 | 0.62 | 1.09 |
| Max drawdown (3Y) | -49.8% | -30.6% |
| Market cap | $75.4B | $97.2B |
| P/E (trailing) | 17.2 | 12.5 |
| Dividend yield | 2.78% | 3.31% |
| Sector / category | Consumer Staples | Financials |
Year-by-year returns
| Year | TGT | USB |
|---|---|---|
| 2022 | -34.2% | -19.1% |
| 2023 | -1.4% | +4.8% |
| 2024 | -2.3% | +15.6% |
| 2025 | -24.5% | +16.5% |
| 2026 | +74.4% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TGT and USB good diversifiers for each other?
Reasonably. At 0.46, TGT and USB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TGT and USB?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.32 over the last year and 0.36 over 5 years.
Is USB a good diversifier for TGT?
Reasonably. At 0.46, TGT and USB 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tgt-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tgt-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TGT correlations · USB correlations
