SAP vs. TJX
SAP (SAP SE) and TJX (The TJX Companies, Inc.) are both stocks. SAP operates in Software - Application (Technology), while TJX operates in Apparel Retail (Consumer Cyclical). Over the past 10 years, SAP returned 9.59%/yr vs 17.66%/yr for TJX. At a 0.31 correlation, their price movements are largely independent.
Performance
SAP vs. TJX - Performance Comparison
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Returns By Period
In the year-to-date period, SAP achieves a -31.24% return, which is significantly lower than TJX's 10.30% return. Over the past 10 years, SAP has underperformed TJX with an annualized return of 9.59%, while TJX has yielded a comparatively higher 17.66% annualized return.
SAP
- 1D
- 0.33%
- 1M
- 0.00%
- YTD
- -31.24%
- 6M
- -31.78%
- 1Y
- -43.06%
- 3Y*
- 8.04%
- 5Y*
- 4.34%
- 10Y*
- 9.59%
TJX
- 1D
- 0.04%
- 1M
- 14.29%
- YTD
- 10.30%
- 6M
- 8.52%
- 1Y
- 37.57%
- 3Y*
- 29.32%
- 5Y*
- 22.46%
- 10Y*
- 17.66%
SAP vs. TJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | -31.24% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
TJX The TJX Companies, Inc. | 10.30% | 28.73% | 30.56% | 19.69% | 6.73% | 12.83% | 12.25% | 38.76% | 18.94% | 3.46% |
Correlation
The correlation between SAP and TJX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 1998 | 0.31 |
Over the past year, the correlation between SAP and TJX has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
SAP:
$191.76B
TJX:
$188.62B
SAP:
€6.13
TJX:
$5.15
SAP:
23.16
TJX:
32.71
SAP:
0.49
TJX:
2.06
SAP:
4.46
TJX:
3.08
SAP:
3.70
TJX:
5.22
SAP:
€37.34B
TJX:
$61.58B
SAP:
€27.51B
TJX:
$19.36B
SAP:
€12.97B
TJX:
$8.31B
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Return for Risk
SAP vs. TJX — Risk / Return Rank
SAP
TJX
SAP vs. TJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and The TJX Companies, Inc. (TJX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SAP | TJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.36 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 3.41 | -4.35 |
| Martin ratioReturn relative to average drawdown | -1.58 | 12.66 | -14.24 |
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Drawdowns
SAP vs. TJX - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than TJX's maximum drawdown of -64.59%. Use the drawdown chart below to compare losses from any high point for SAP and TJX.
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Drawdown Indicators
| SAP | TJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -64.59% | -23.32% |
Max Drawdown (1Y)Largest decline over 1 year | -47.71% | -10.89% | -36.82% |
Max Drawdown (3Y)Largest decline over 3 years | -47.71% | -11.04% | -36.67% |
Max Drawdown (5Y)Largest decline over 5 years | -47.71% | -27.68% | -20.03% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -42.55% | -8.76% |
Current DrawdownCurrent decline from peak | -46.45% | 0.00% | -46.45% |
Average DrawdownAverage peak-to-trough decline | -28.24% | -13.07% | -15.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.29% | 2.93% | +25.36% |
Volatility
SAP vs. TJX - Volatility Comparison
SAP SE (SAP) has a higher volatility of 14.54% compared to The TJX Companies, Inc. (TJX) at 7.58%. This indicates that SAP's price experiences larger fluctuations and is considered to be riskier than TJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | TJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 7.58% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 30.61% | 14.33% | +16.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.27% | 18.00% | +16.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 22.32% | +6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.37% | 26.06% | +2.31% |
Dividends
SAP vs. TJX - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.78%, more than TJX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | 1.78% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
TJX The TJX Companies, Inc. | 1.04% | 1.07% | 1.21% | 1.38% | 1.44% | 1.37% | 0.34% | 1.45% | 1.66% | 1.57% | 1.32% | 1.14% |
Financials
SAP vs. TJX - Financials Comparison
This section allows you to compare key financial metrics between SAP SE and The TJX Companies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
SAP vs. TJX - Profitability Comparison
SAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SAP SE reported a gross profit of 6.97B and revenue of 9.56B. Therefore, the gross margin over that period was 73.0%.
TJX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The TJX Companies, Inc. reported a gross profit of 4.48B and revenue of 14.32B. Therefore, the gross margin over that period was 31.3%.
SAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SAP SE reported an operating income of 2.75B and revenue of 9.56B, resulting in an operating margin of 28.8%.
TJX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The TJX Companies, Inc. reported an operating income of 1.69B and revenue of 14.32B, resulting in an operating margin of 11.8%.
SAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SAP SE reported a net income of 1.93B and revenue of 9.56B, resulting in a net margin of 20.2%.
TJX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The TJX Companies, Inc. reported a net income of 1.33B and revenue of 14.32B, resulting in a net margin of 9.3%.
Frequently Asked Questions
SAP and TJX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (14.54%) compared to TJX (7.58%). In terms of maximum drawdown, SAP dropped -87.91% vs TJX's -64.59%.
TJX currently has the higher Sharpe Ratio (2.06 vs -1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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