TJX vs VIG: Correlation
Measured on weekly returns over the past three years, TJX Companies (TJX) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TJX and VIG?
Across a 3-year window, the weekly returns of TJX and VIG correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.57, with an annualized covariance of 97.3 %².
Among the 35 assets we track against TJX, VIG ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VIG ahead by 18.1 points (-1.0% versus +17.1%). The rolling one-year correlation moved between 0.31 and 0.77 over the past three years, a moderate range. One caveat on sizing: TJX is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TJX vs VIG: side by side
| TJX (TJX Companies) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | -1.0% | +17.1% |
| 5-year return | +98.2% | +64.0% |
| Volatility (ann.) | 18.3% | 11.9% |
| Beta vs S&P 500 | 0.45 | 0.74 |
| Max drawdown (3Y) | -20.1% | -15.0% |
| Market cap | $148.3B | – |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 1.32% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Consumer Discretionary | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | TJX | VIG |
|---|---|---|
| 2022 | +6.7% | -9.8% |
| 2023 | +19.7% | +14.5% |
| 2024 | +30.6% | +17.0% |
| 2025 | +28.7% | +14.2% |
| 2026 | -11.8% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TJX and VIG 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 TJX and VIG?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.31 over the last year and 0.57 over 5 years.
Is VIG a good diversifier for TJX?
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.
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Related comparisons
Hubs: TJX correlations · VIG correlations
