TSCO vs USO: Correlation
How closely do Tractor Supply (TSCO) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSCO and USO?
Across a 3-year window, the weekly returns of TSCO and USO correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.17). Stretching to 5 years gives -0.06, with an annualized covariance of -193.9 %².
By 3-year correlation, USO places #21 of the 30 assets tracked against TSCO. Their recent paths diverged sharply: over the last 12 months USO outperformed by 117.1 percentage points (-43.0% for TSCO against +74.1% for USO). This link changes with the market regime, having swung between -0.37 and 0.24 on a rolling one-year basis.
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.
TSCO vs USO: side by side
| TSCO (Tractor Supply) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -43.0% | +74.1% |
| 5-year return | -1.7% | +168.6% |
| Volatility (ann.) | 28.5% | 39.4% |
| Beta vs S&P 500 | 0.67 | -0.20 |
| Max drawdown (3Y) | -52.7% | -32.5% |
| Market cap | $18.1B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 2.68% | – |
| Sector / category | Consumer Discretionary | ETF · Commodities |
Year-by-year returns
| Year | TSCO | USO |
|---|---|---|
| 2022 | -4.0% | +29.0% |
| 2023 | -2.6% | -4.9% |
| 2024 | +25.4% | +13.4% |
| 2025 | -4.2% | -8.5% |
| 2026 | -29.3% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSCO and USO good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TSCO and USO?
As of 2026-08-27, the correlation of weekly returns between TSCO and USO is -0.17 over 3 years, -0.34 over 1 year and -0.06 over 5 years.
Is USO a good diversifier for TSCO?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tsco-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tsco-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TSCO correlations · USO correlations
