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Relative Intelligence · Specialty Retail

How TJX Companies (TJX) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on TJX alone. It places TJX (The TJX Companies, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where TJX stands in the market, and of the alternatives worth a closer look.

Period covered: TJX's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against TJX →Chart TJX vs. 20 alternatives →
On this page12 sections

Key findings

How much would $10,000 in TJX have grown?

This chart tracks a hypothetical $10,000 investment in TJX over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of TJX over the same span and TJX's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 34 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of TJX; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M$10M199720022007201220172022$10,000$100,000$1M$10M19972004201120182025
  • AAPL$21M+205,249% total · +30.1% a year
  • AMZN$11M+114,749% total · +27.5% a year
  • APH$3M+29,926% total · +21.7% a year
  • ROST$1M+14,044% total · +18.6% a year
  • ASML$984,088+9,741% total · +17.1% a year
  • TJX$958,745+9,487% total · +17.0% a year
  • URBN$356,937+3,469% total · +13.1% a year
  • WMT$272,033+2,620% total · +12.1% a year
  • ANF$154,447+1,444% total · +9.9% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 680 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of TJX; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • ANF$35,792+258% total · +29.0% a year
  • MPLX$30,642+206% total · +25.1% a year
  • DBJP$26,428+164% total · +21.5% a year
  • URBN$25,727+157% total · +20.8% a year
  • WMT$23,813+138% total · +18.9% a year
  • ROST$22,648+126% total · +17.8% a year
  • TJX$21,559+116% total · +16.6% a year
  • COST$21,378+114% total · +16.4% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • M$12,216+22.2% total · +4.1% a year
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TJX at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$162B
Industry
Apparel - Retail
Price history from
October 1986

Returns

Past 1 year
+3.8%total return
Past 3 years
+71.6%+19.7% a year
Past 5 years
+147%+19.9% a year
Past 10 years
+361%+16.5% a year
Best calendar year
+81.0%2009
Worst calendar year
−29.5%1999
Losing years
4 of 29full calendar years

Risk

Volatility
22.3%typical yearly swing, 5 years
Sharpe ratio
0.93return per unit of risk, 5 years
Worst decline ever
−68.0%Oct 1987 to Oct 1990
From its all-time high
−12.4%below the peak

TJX against the whole market

Where TJX ranks among every stock and fund, and what across the market has done better.

How does TJX rank among all stocks?

This section ranks TJX on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how TJX stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureTJXRankStanding
1-year return+3.8%1,817 of 3,287bottom 46%
3-year return+71.6%1,227 of 3,017top 41%
5-year return+147%458 of 2,893top 16%
10-year return+361%468 of 2,202top 21%
Volatility, 5 years22.3%163 of 2,893top 6%
Sharpe ratio, 5 years0.93149 of 2,893top 5%
Worst decline, past 10 years−42.5%214 of 2,187top 10%

What has beaten TJX on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). TJX sits where the dashed lines cross. Anything in the green box above and to the left earned more than TJX with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to TJX. 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%17.5%20.0%22.5%25.0%27.5%30.0%32.5%35.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than TJXTJX: +19.9% a year, volatility 22.3%SPY (S&P 500): +12.7% a year, volatility 17.1%WMT: +20.8% a year, volatility 22.6%COST: +17.4% a year, volatility 22.9%MPLX: +23.5% a year, volatility 18.8%DBJP: +20.9% a year, volatility 19.2%COR: +24.2% a year, volatility 22.8%DXJ: +26.6% a year, volatility 19.1%LLY: +40.7% a year, volatility 32.8%NHC: +32.0% a year, volatility 28.5%APH: +33.8% a year, volatility 32.2%ABBV: +26.1% a year, volatility 23.4%TJXSPY (S&P 500)WMTCOSTMPLXDBJPCORDXJLLYNHCAPHABBV15.0%20.0%25.0%30.0%35.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than TJXTJX: +19.9% a year, volatility 22.3%SPY (S&P 500): +12.7% a year, volatility 17.1%WMT: +20.8% a year, volatility 22.6%COST: +17.4% a year, volatility 22.9%MPLX: +23.5% a year, volatility 18.8%DBJP: +20.9% a year, volatility 19.2%COR: +24.2% a year, volatility 22.8%DXJ: +26.6% a year, volatility 19.1%LLY: +40.7% a year, volatility 32.8%NHC: +32.0% a year, volatility 28.5%APH: +33.8% a year, volatility 32.2%ABBV: +26.1% a year, volatility 23.4%TJXSPY (S&P 500)WMTCOSTMPLXDBJPCORDXJLLYNHCAPHABBV
  • Popular alternatives
  • The whole market
  • 2 with more than 1.6× TJX's volatility are in the table only

Is there a better investment than TJX?

Investments that beat TJX over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat TJX over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks TJX's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than TJX follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than TJX's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× TJX's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than TJX's.

Screen the whole market against TJX for any period in BetterThanSPYOpen these 13 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with TJX?lower diversifies moreExpenseper year
TJXThe TJX Companies, Inc. · this page
+19.9%22.3%0.93−42.5%+361%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.430.09%
Popular alternativesbest 4 shownThe investments people most often weigh against TJX. 4 of 20 passed at least one test.
WMTWalmart Inc. · Discount Retail
Higher return in most periods+20.8%22.6%0.96−25.7%+508%0.48—
COSTCostco Wholesale Corporation · Discount Retail
Higher return in most periods+17.4%22.9%0.82−31.4%+685%0.37—
ANFAbercrombie & Fitch Co. · Specialty Retail
Higher return in most periods+33.7%62.9%0.77−72.4%+1,117%0.21—
URBNUrban Outfitters, Inc. · Specialty Retail
Higher return in most periods+23.5%47.1%0.68−73.8%+160%0.30—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 167 of 3,569 passed at least one test.
MPLXMPLX Lp · Oil & Gas Midstream
On the frontierHigher return, lower volatilityHigher return in most periods+23.5%18.8%1.22−75.2%+350%0.40—
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+20.9%19.2%1.09−31.3%+348%0.230.45%
CORCencora, Inc. · Health Care Distribution
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+24.2%22.8%1.07−32.4%+406%0.33—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatilityHigher return in most periods+26.6%19.1%1.34−39.1%+428%0.250.48%
LLYEli Lilly and Company · Pharmaceuticals
Higher Sharpe, smaller worst declineHigher return in most periods+40.7%32.8%1.21−34.5%+1,807%0.24—
NHCNational HealthCare Corporation · Medical - Care Facilities
Higher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+32.0%28.5%1.12−35.3%+394%0.34—
APHAmphenol Corporation · Electronic Components
Higher Sharpe, smaller worst declineHigher return in most periods+33.8%32.2%1.07−37.5%+965%0.39—
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, similar volatilityHigher return in most periods+26.1%23.4%1.11−45.1%+603%0.13—
What these numbers mean for TJX
Annual return
TJX returned 19.9% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $24,700. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
TJX's volatility over the past 5 years was 22.3%, 1.3 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TJX's return lands within 22.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
TJX's Sharpe ratio over the past 5 years was 0.93, against 0.79 for the S&P 500, so TJX earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
TJX's worst fall from a peak to a low over the past 10 years was 42.5%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 42.5% fall takes a 74.1% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, TJX's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TJX instead: the lower it is, the more that option would diversify a TJX holding. Guide: Correlation and diversification →
Show all 3 stocks and funds worth at least $500 million that earned more than TJX with less volatility

Out of 3,633 tested over 5 years. Best first; funds that hold the same thing are listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with TJXExpense
1
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.40—
2
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.230.45%
3
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.250.48%

TJX against its popular alternatives

The investments people most often weigh against TJX, compared period by period and year by year.

How do TJX's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at TJX, which divides the map into what did better or worse on each measure.

Green points earned more than TJX with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityTJX: 19.9% a year, volatility 22.3%SPY (S&P 500): 12.7% a year, volatility 17.1%COST: 17.4% a year, volatility 22.9%ROST: 18.1% a year, volatility 29.5%M: 1.5% a year, volatility 52.4%CTRN: −8.4% a year, volatility 61.7%BKE: 13.1% a year, volatility 34.6%GAP: 4.5% a year, volatility 55.7%BOOT: 3.8% a year, volatility 50.5%BURL: −1.3% a year, volatility 44.4%KSS: −8.8% a year, volatility 70.0%ASO: 8.4% a year, volatility 46.7%TGT: −6.5% a year, volatility 36.1%AEO: −3.9% a year, volatility 54.4%RH: −29.3% a year, volatility 62.7%LULU: −24.8% a year, volatility 43.4%NKE: −23.5% a year, volatility 35.8%LE: −16.0% a year, volatility 67.4%ZUMZ: −18.9% a year, volatility 52.1%ANF: 33.7% a year, volatility 62.9%WMT: 20.8% a year, volatility 22.6%URBN: 23.5% a year, volatility 47.1%TJXSPY (S&P 500)COSTROSTMCTRNBKEGAPBOOTBURLKSSASOTGTAEORHLULUNKELEZUMZANFWMTURBN0.0%20.0%40.0%60.0%80.0%−40.0%−20.0%0.0%20.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityTJX: 19.9% a year, volatility 22.3%SPY (S&P 500): 12.7% a year, volatility 17.1%COST: 17.4% a year, volatility 22.9%ROST: 18.1% a year, volatility 29.5%M: 1.5% a year, volatility 52.4%CTRN: −8.4% a year, volatility 61.7%BKE: 13.1% a year, volatility 34.6%GAP: 4.5% a year, volatility 55.7%BOOT: 3.8% a year, volatility 50.5%BURL: −1.3% a year, volatility 44.4%KSS: −8.8% a year, volatility 70.0%ASO: 8.4% a year, volatility 46.7%TGT: −6.5% a year, volatility 36.1%AEO: −3.9% a year, volatility 54.4%RH: −29.3% a year, volatility 62.7%LULU: −24.8% a year, volatility 43.4%NKE: −23.5% a year, volatility 35.8%LE: −16.0% a year, volatility 67.4%ZUMZ: −18.9% a year, volatility 52.1%ANF: 33.7% a year, volatility 62.9%WMT: 20.8% a year, volatility 22.6%URBN: 23.5% a year, volatility 47.1%TJXSPY (S&P 500)COSTROSTMCTRNGAPBOOTBURLKSSASOTGTAEORHLULUNKELEZUMZANFWMTURBN
All figures
InvestmentAnnual returnVolatility
ANF Abercrombie & Fitch Co.+33.7%62.9%
URBN Urban Outfitters, Inc.+23.5%47.1%
WMT Walmart Inc.+20.8%22.6%
TJX This pageThe TJX Companies, Inc.+19.9%22.3%
ROST Ross Stores, Inc.+18.1%29.5%
COST Costco Wholesale Corporation+17.4%22.9%
BKE The Buckle, Inc.+13.1%34.6%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
ASO Academy Sports and Outdoors, Inc.+8.4%46.7%
GAP The Gap, Inc.+4.5%55.7%
BOOT Boot Barn Holdings, Inc.+3.8%50.5%
M Macy's, Inc.+1.5%52.4%
BURL Burlington Stores, Inc.−1.3%44.4%
AEO American Eagle Outfitters, Inc.−3.9%54.4%
TGT Target Corporation−6.5%36.1%
CTRN Citi Trends, Inc.−8.4%61.7%
KSS Kohl's Corporation−8.8%70.0%
LE Lands' End, Inc.−16.0%67.4%
ZUMZ Zumiez Inc.−18.9%52.1%
NKE NIKE, Inc.−23.5%35.8%
LULU Lululemon Athletica Inc.−24.8%43.4%
RH Rh−29.3%62.7%
Open these 22 in EasyCompare

Has TJX consistently beaten its popular alternatives?

This section compares TJX with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than TJX helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than TJX over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
TJX The TJX Companies, Inc. (this page)—+12.3%−5.3%−7.3%−3.8%+3.8%+71.6%+147%+361%22.3%0.93−42.5%—$162B—
ANF QualifiedAbercrombie & Fitch Co.5/5 short3/3 longAll-weather+18.3%+71.3%+66.3%+30.7%+143%+166%+328%+1,117%62.9%0.77−72.4%—$6.9B—
WMT QualifiedWalmart Inc.3/5 short3/3 long+9.7%+5.3%−7.5%+5.2%+11.0%+130%+158%+508%22.6%0.96−25.7%—$938B—
URBN QualifiedUrban Outfitters, Inc.5/5 short2/3 long+17.7%+16.7%+14.7%+15.9%+30.6%+162%+187%+160%47.1%0.68−73.8%—$7.5B—
COST QualifiedCostco Wholesale Corporation4/5 short2/3 long+10.7%+6.5%0.0%+16.9%+6.9%+87.2%+123%+685%22.9%0.82−31.4%—$441B—
ROST Apparel - RetailRoss Stores, Inc.4/5 short1/3 long+2.6%+0.8%+4.3%+30.6%+51.9%+111%+129%+312%29.5%0.71−51.4%—$76B—
M Department StoresMacy's, Inc.4/5 short1/3 long+5.5%+1.3%+19.3%+5.7%+34.8%+131%+7.7%+0.7%52.4%0.29−87.8%—$6.1B—
CTRN Apparel - RetailCiti Trends, Inc.3/5 short1/3 long−11.8%−25.7%−3.5%+17.5%+34.8%+102%−35.5%+157%61.7%0.16−87.3%—$407M—
BKE Apparel - RetailThe Buckle, Inc.2/5 short1/3 long+15.1%+9.2%−15.4%−5.8%−8.4%+71.8%+84.7%+493%34.6%0.53−53.2%—$2.4B—
GAP Apparel - RetailThe Gap, Inc.2/5 short1/3 long+11.3%+19.0%−12.5%−4.0%+10.0%+117%+24.6%+25.2%55.7%0.36−83.1%—$8.2B—
BOOT Apparel - RetailBoot Barn Holdings, Inc.0/5 short1/3 long−7.2%−23.1%−31.4%−38.2%−39.1%+50.9%+20.8%+910%50.5%0.33−77.9%—$3.5B—
BURL Apparel - RetailBurlington Stores, Inc.0/5 short1/3 long+2.8%−26.5%−25.6%−13.2%−3.1%+112%−6.2%+240%44.4%0.19−68.9%—$16B—
KSS Department StoresKohl's Corporation5/5 short0/3 long+24.7%+24.6%+51.0%+4.4%+38.6%+23.2%−36.7%−20.0%70.0%0.21−89.2%—$2.5B—
ASO Specialty RetailAcademy Sports and Outdoors, Inc.5/5 short0/3 long+23.0%+25.1%+3.4%+15.4%+19.3%+33.4%+49.7%—46.7%0.41−54.2%—$3.7B—
TGT Discount StoresTarget Corporation4/5 short0/3 long−2.4%+11.2%+20.3%+57.4%+75.1%+58.0%−28.5%+207%36.1%0.00−64.4%—$70B—
AEO Apparel - RetailAmerican Eagle Outfitters, Inc.3/5 short0/3 long+16.0%+2.2%−9.1%−30.7%+18.0%+11.6%−17.9%+33.9%54.4%0.19−75.6%—$3.0B—
RH Specialty RetailRh0/5 short0/3 long−5.9%−34.9%−16.1%−38.1%−33.4%−48.5%−82.4%+302%62.7%-0.24−85.0%—$2.3B—
LULU Apparel - RetailLululemon Athletica Inc.0/5 short0/3 long−1.3%−14.3%−40.1%−52.6%−42.0%−74.8%−75.9%+73.0%43.4%-0.44−82.0%—$12B—
NKE Apparel - Footwear & AccessoriesNIKE, Inc.0/5 short0/3 long+4.9%−11.9%−16.9%−38.6%−42.1%−60.4%−73.8%−15.5%35.8%-0.57−79.1%—$56B—
LE Apparel - RetailLands' End, Inc.0/5 short0/3 long−5.3%−16.8%−22.0%−32.1%−36.3%+39.2%−58.1%−34.4%67.4%0.08−86.1%—$293M—
ZUMZ Apparel - RetailZumiez Inc.0/5 short0/3 long+2.2%−25.3%−43.9%−45.3%−30.5%−16.8%−64.9%−36.5%52.1%-0.14−78.8%—$217M—
Open these 21 in EasyCompare

How did TJX do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where TJX ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with TJX and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of TJX; gray means the two finished within a fraction of a point. The rank row places TJX among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of TJX20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
TJX This pageThe TJX Companies, Inc.—+28.7%+30.6%+19.7%+6.7%+12.8%+12.3%+38.8%+18.9%+3.5%+7.4%+4.6%+8.8%+51.7%+33.0%+47.6%+22.9%+81.0%−27.4%+1.8%+24.0%−6.8%+15.0%+13.8%−1.6%+44.3%+37.1%−29.5%+70.3%+44.9%
Rank among alternativesTop quarter in 7 of 297 of 219 of 2112 of 213 of 2115 of 2114 of 2010 of 208 of 2017 of 208 of 205 of 2013 of 183 of 176 of 162 of 1610 of 165 of 168 of 167 of 155 of 1511 of 139 of 1311 of 133 of 133 of 132 of 1312 of 136 of 1310 of 13
SPY S&P 500State Street SPDR S&P 500 ETF10 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
ANF Abercrombie & Fitch Co.13 of 29−15.8%+69.4%+285%−34.2%+71.1%+19.5%−9.8%+19.3%+54.1%−53.7%−2.3%−11.1%−30.0%−0.1%−14.2%+68.5%+54.7%−70.6%+15.9%+8.0%+40.3%+92.8%+20.7%−22.9%+32.7%−25.1%−24.5%+126%+89.6%
WMT Walmart Inc.10 of 29+24.5%+74.0%+12.9%−0.5%+1.9%+23.4%+30.1%−3.4%+46.6%+16.1%−26.6%+11.8%+18.2%+17.1%+13.8%+3.1%−2.5%+20.0%+4.9%+0.2%−10.2%+0.6%+5.6%−11.8%+8.9%−22.7%+70.5%+107%+74.6%
URBN Urban Outfitters, Inc.14 of 29+37.1%+53.8%+49.6%−18.8%+14.7%−7.8%−16.4%−5.3%+23.1%+25.2%−35.2%−5.3%−5.7%+42.8%−23.0%+2.4%+134%−45.1%+18.4%−9.0%+14.0%+140%+214%−2.3%+204%−72.7%+72.5%−7.5%+39.9%
COST Costco Wholesale Corporation16 of 29−5.4%+39.6%+49.0%−19.1%+51.8%+32.7%+45.7%+10.6%+22.4%+0.3%+18.9%+20.5%+21.9%+28.4%+16.7%+23.7%+14.3%−24.0%+33.2%+7.9%+3.2%+31.1%+32.5%−36.8%+11.1%−12.5%+26.4%+61.8%+77.7%
ROST Ross Stores, Inc.15 of 29+20.4%+10.4%+20.6%+2.9%−6.0%+5.8%+41.3%+4.8%+23.5%+23.0%+15.3%+27.0%+39.9%+14.9%+52.0%+49.7%+45.3%+17.8%−12.0%+2.4%+0.9%+9.4%+25.5%+32.9%+91.0%−5.7%−8.3%+9.7%+47.9%
M Macy's, Inc.9 of 29+36.4%−12.4%+1.6%−18.7%+136%−31.1%−38.2%+23.6%−25.3%+6.5%−45.4%+25.6%+39.6%+23.8%+28.8%+52.4%+64.5%−58.7%−31.1%+16.6%+16.1%+23.9%+65.3%−29.7%+16.8%−30.8%+16.1%+1.2%+26.2%
CTRN Citi Trends, Inc.8 of 20+58.3%−7.2%+6.8%−72.0%+90.7%+116%+15.5%−22.0%+42.7%−10.2%−15.4%+48.5%+23.6%+56.8%−64.3%−11.1%+87.6%−4.7%−61.1%−7.1%—————————
BKE The Buckle, Inc.12 of 29+14.0%+17.5%+15.0%+10.9%+69.9%+25.0%+55.2%−8.8%+12.6%−20.2%−37.3%+6.9%+19.1%+22.8%+16.0%+41.4%+45.0%+8.6%−0.9%+71.0%+10.7%+35.8%+23.1%−19.3%+26.7%+18.0%−38.0%+5.3%+173%
GAP The Gap, Inc.11 of 29+11.7%+16.1%+96.6%−32.6%−11.1%+15.7%−28.1%−22.0%+56.0%−4.6%−39.9%+10.0%+27.5%+70.1%−13.8%+7.7%+59.8%−35.9%+10.6%+12.4%−15.6%−8.6%+50.3%+12.1%−45.0%−44.4%+23.2%+138%+77.5%
BOOT Boot Barn Holdings, Inc.5 of 11+16.2%+97.8%+22.8%−49.2%+184%−2.6%+161%+2.5%+32.7%+1.9%−32.5%——————————————————
BURL Burlington Stores, Inc.7 of 12+1.3%+46.6%−4.1%−30.4%+11.5%+14.7%+40.2%+32.2%+45.2%+97.5%−9.2%+47.7%—————————————————
KSS Kohl's Corporation14 of 29+51.5%−45.8%+23.7%−46.0%+23.6%−17.2%−19.2%+26.7%+12.6%+8.3%−19.5%+10.6%+35.7%−10.5%−7.4%+0.8%+49.0%−21.0%−33.1%+40.8%−1.2%+9.4%−19.7%−20.5%+15.5%+69.0%+17.5%+80.4%+73.4%
ASO Academy Sports and Outdoors, Inc.3 of 5−12.2%−12.2%+26.4%+20.5%+112%————————————————————————
TGT Target Corporation10 of 29−24.5%−2.3%−1.4%−34.2%+32.9%+40.5%+100%+4.7%−5.8%+2.7%−1.6%+23.8%+9.5%+18.2%−13.0%+26.3%+42.4%−30.0%−11.6%+4.7%+6.6%+36.1%+29.0%−26.5%+28.0%−11.5%+36.2%+62.2%+74.2%
AEO American Eagle Outfitters, Inc.15 of 29+64.6%−19.3%+54.9%−43.5%+29.8%+38.8%−22.1%+5.5%+28.5%+0.9%+15.1%+0.3%−28.1%+59.5%+8.4%−8.0%+86.7%−53.4%−32.3%+106%−1.2%+188%+19.3%−47.5%−7.1%−6.0%+35.0%+331%+342%
RH Rh8 of 13−54.5%+35.0%+9.1%−50.1%+19.8%+110%+78.2%+39.0%+181%−61.4%−17.3%+42.7%+99.5%————————————————
LULU Lululemon Athletica Inc.9 of 18−45.7%−25.2%+59.6%−18.2%+12.5%+50.2%+90.5%+54.7%+20.9%+23.9%−5.9%−5.5%−22.6%+63.4%+36.4%+127%+279%−83.2%———————————
NKE NIKE, Inc.14 of 29−13.8%−29.1%−6.0%−29.0%+18.7%+41.0%+38.1%+19.9%+24.7%−17.7%+31.4%+23.8%+54.4%+8.7%+14.5%+31.2%+32.0%−19.3%+31.4%+15.0%−3.7%+33.4%+54.9%−20.6%+1.4%+13.7%+22.9%+4.3%−34.5%
LE Lands' End, Inc.4 of 11+10.5%+37.5%+26.0%−61.3%−9.0%+28.4%+18.2%−27.3%+29.0%−35.4%−56.6%——————————————————
ZUMZ Zumiez Inc.7 of 20+35.9%−5.8%−6.4%−54.7%+30.5%+6.5%+80.2%−8.0%−4.7%+44.5%−60.9%+48.6%+34.0%−30.1%+3.3%+111%+70.7%−69.4%−17.5%+36.7%—————————
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Risk and diversification

How TJX has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were TJX's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents TJX's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means TJX fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringTJX fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
No named crash−68.0%—Oct 1987Oct 19903 yearsNov 19922.1 years
No named crash−64.5%+19.3%Jun 1993Apr 199522 monthsMay 199613 months
No named crash−61.0%−1.4%Apr 1999Feb 200010 monthsAug 200118 months
2008 financial crisis−49.9%−37.3%Aug 2008Nov 20083 monthsJul 20098 months
No named crash−44.6%−16.4%Jul 1998Oct 19983 monthsDec 19982 months

How did TJX do in stock market crashes?

This section measures how far TJX, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than TJX.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
TJX This pageThe TJX Companies, Inc.—−4.7%−27.7%−42.5%−25.6%−5.3%−16.1%−9.7%−2.1%−49.9%−32.6%
SPY S&P 500State Street SPDR S&P 500 ETF6 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
ANF Abercrombie & Fitch Co.0 of 10−7.4%−64.9%−52.1%−25.4%−6.6%−19.4%−27.0%−3.3%−83.1%−65.4%
WMT Walmart Inc.7 of 10−0.8%−25.7%−13.1%−18.3%−4.9%−22.3%−10.5%−1.5%−26.2%−31.8%
URBN Urban Outfitters, Inc.2 of 10−4.9%−40.0%−53.2%−23.8%−4.7%−37.3%−34.8%−2.9%−65.5%−53.6%
COST Costco Wholesale Corporation6 of 10−3.1%−31.4%−13.7%−20.8%−6.5%−15.2%−13.5%−1.2%−48.0%−50.1%
ROST Ross Stores, Inc.1 of 10−4.9%−37.5%−51.4%−26.0%−5.1%−20.5%−12.4%−2.6%−46.5%−45.8%
M Macy's, Inc.1 of 10−11.4%−44.6%−69.9%−24.6%−5.7%−48.1%−24.4%−2.2%−83.2%−46.4%
CTRN Citi Trends, Inc.1 of 9−10.1%−82.4%−61.8%−38.2%−4.3%−42.8%−30.0%−5.7%−71.6%—
BKE The Buckle, Inc.2 of 10−4.6%−34.5%−44.2%−22.1%−1.2%−34.8%−25.5%−3.4%−62.4%−36.7%
GAP The Gap, Inc.1 of 10−13.3%−55.4%−64.0%−14.0%−4.8%−35.6%−21.0%−2.8%−55.7%−82.5%
BOOT Boot Barn Holdings, Inc.0 of 6−7.6%−54.8%−68.9%−47.4%−7.6%−79.1%————
BURL Burlington Stores, Inc.2 of 6−4.8%−61.5%−51.4%−15.6%−3.7%−26.8%————
KSS Kohl's Corporation0 of 10−15.6%−59.0%−69.7%−26.8%−4.9%−34.4%−24.9%−1.7%−59.1%−39.7%
ASO Academy Sports and Outdoors, Inc.1 of 2−4.2%−35.8%————————
TGT Target Corporation4 of 10−3.4%−43.9%−21.7%−30.3%−3.0%−15.8%−10.4%−1.3%−60.6%−42.6%
AEO American Eagle Outfitters, Inc.1 of 10−9.1%−60.8%−47.6%−30.1%−2.6%−27.4%−27.4%−1.9%−70.7%−75.0%
RH Rh1 of 6−9.3%−60.0%−67.8%−23.8%−7.1%−55.3%————
LULU Lululemon Athletica Inc.0 of 9−4.2%−36.4%−47.3%−30.3%−5.3%−33.9%−29.4%−3.6%−92.2%—
NKE NIKE, Inc.4 of 10−2.5%−49.7%−38.6%−20.8%−7.0%−17.9%−14.3%−2.4%−44.1%−39.1%
LE Lands' End, Inc.1 of 6−10.3%−62.6%−60.8%−41.5%−1.4%−28.0%————
ZUMZ Zumiez Inc.0 of 9−11.3%−57.0%−47.3%−36.4%−5.8%−42.9%−41.1%−2.3%−88.1%—
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How closely does TJX move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares TJX with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than TJX's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
TJX This pageThe TJX Companies, Inc.81%65%1.250.78
WMT Walmart Inc.74%36%2.080.53
COST Costco Wholesale Corporation93%50%1.850.77
ANF Abercrombie & Fitch Co.138%112%1.231.36
BKE The Buckle, Inc.95%80%1.191.12
ROST Ross Stores, Inc.93%89%1.050.93
TGT Target Corporation83%87%0.951.00
BOOT Boot Barn Holdings, Inc.189%201%0.942.31
BURL Burlington Stores, Inc.103%121%0.851.22
CTRN Citi Trends, Inc.120%165%0.731.83
URBN Urban Outfitters, Inc.97%136%0.711.40
RH Rh197%283%0.692.21
LULU Lululemon Athletica Inc.83%132%0.631.12
GAP The Gap, Inc.127%217%0.581.86
AEO American Eagle Outfitters, Inc.94%164%0.571.37
M Macy's, Inc.93%183%0.511.75
LE Lands' End, Inc.163%323%0.502.48
KSS Kohl's Corporation109%234%0.471.76
NKE NIKE, Inc.71%155%0.461.01
ZUMZ Zumiez Inc.70%155%0.451.37
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What diversifies TJX?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with TJX's. Because such investments tend not to fall at the same time, pairing TJX with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which TJX lost money. The last two columns show a portfolio that is 80% TJX and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe200820052002199980/20 mix volatility80/20 mix annual return
TJX The TJX Companies, Inc. (this page)1.00+147%0.93−27.4%−6.8%−1.6%−29.5%20.7%+16.6%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.49+119%1.48————17.5%+17.0%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.25+225%1.34−20.8%———17.3%+19.0%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.42+101%1.04————17.9%+16.7%
SMH TechnologyVanEck Semiconductor ETF0.20+323%0.97−44.7%+10.8%−47.0%—19.2%+21.7%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.44+85.0%0.96————17.6%+16.3%
GLD CommoditiesSPDR Gold Shares0.04+126%0.96+4.9%+17.8%——17.0%+17.6%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.33+136%0.93————18.3%+18.1%
XLE EnergyState Street Energy Select Sector SPDR ETF0.25+177%0.93−39.0%+40.1%−14.8%+18.1%18.5%+18.6%

Stocks

InvestmentCorrelation5Y returnSharpe200820052002199980/20 mix volatility80/20 mix annual return
TJX The TJX Companies, Inc. (this page)1.00+147%0.93−27.4%−6.8%−1.6%−29.5%20.7%+16.6%
CAH Medical - DistributionCardinal Health, Inc.0.24+479%1.55−39.6%+18.7%−8.3%−36.8%18.5%+21.4%
CLS Hardware, Equipment & PartsCelestica Inc.0.20+3,143%1.47−20.5%−25.2%−65.1%+350%22.1%+34.5%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.34+1,636%1.46−15.2%+20.1%−9.4%−58.7%21.3%+30.1%
MCK Medical - DistributionMcKesson Corporation0.36+413%1.44−40.4%+64.9%−27.2%−71.3%18.9%+20.6%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.21+690%1.41————19.0%+23.5%
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Common questions

What was TJX's worst drawdown?

TJX's deepest decline since it began trading in 1986 was 68.0%, from October 1987 to October 1990. It took 25 months from the low to climb back to its old high.

What were TJX's best and worst years?

Over 29 full calendar years, TJX's best year was 2009, when it returned 81.0%. Its worst was 1999, with a return of -29.5%.

Is there a better investment than TJX?

Among TJX's popular alternatives, WMT, COST and ANF were ahead of TJX in most short and long periods. Few investments have done better on both counts: only three of the 3,633 stocks and funds worth at least $500 million earned more than TJX with less volatility over the past 5 years, among them MPLX, DXJ and DBJP.

Is TJX more volatile than the S&P 500?

Yes. TJX's volatility over the past 5 years was 22.3%, 1.3 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TJX's return lands within 22.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is TJX's Sharpe ratio?

TJX's Sharpe ratio over the past 5 years was 0.93, against 0.79 for the S&P 500, so TJX earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is TJX with the S&P 500?

Over the past 5 years, TJX's monthly returns had a correlation of 0.43 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TJX instead: the lower it is, the more that option would diversify a TJX holding.

What are the best alternatives to TJX?

Of the 20 popular alternatives we compared, four outperformed TJX in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ANF, WMT and URBN.

Did TJX outperform the S&P 500?

TJX finished ahead of the S&P 500 (SPY) in 19 of 29 full calendar years. In 2025, it returned +28.7%, against +17.7% for the index.

How did TJX do in stock market crashes?

TJX fell less than the S&P 500 (SPY) in four of the ten major crashes it has traded through, and further in six. The clearest case was the Covid crash, when TJX fell 42.5% and the S&P 500 fell 33.7%.

What diversifies TJX?

These had a low correlation with TJX over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.49), DXJ (correlation 0.25) and EMLP (correlation 0.42); among large stocks, CAH (correlation 0.24), CLS (correlation 0.20) and FIX (correlation 0.34). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to TJX

Other stocks and ETFs