ALK vs TPR: Correlation
Measured on weekly returns over the past three years, Alaska Air Group, Inc. (ALK) and Tapestry, Inc. (TPR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALK and TPR?
Over the past 3 years, ALK and TPR moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 850.1 %².
Within ALK's tracked universe of 13 assets, TPR comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TPR ahead by 55.4 points (-31.8% versus +23.6%).
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.
ALK vs TPR: side by side
| ALK (Alaska Air Group, Inc.) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -31.8% | +23.6% |
| 5-year return | -25.6% | +240.1% |
| Volatility (ann.) | 45.5% | 37.8% |
| Beta vs S&P 500 | 1.01 | 1.05 |
| Max drawdown (3Y) | -55.4% | -31.8% |
| Market cap | $4.7B | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ALK | TPR |
|---|---|---|
| 2022 | -17.6% | -3.3% |
| 2023 | -9.0% | +0.2% |
| 2024 | +65.7% | +82.8% |
| 2025 | -22.3% | +98.7% |
| 2026 | -16.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALK and TPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALK and TPR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.54 over the last year and 0.50 over 5 years.
Is TPR a good diversifier for ALK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alk-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alk-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALK correlations · TPR correlations
