ASO vs BKE: Correlation
Academy Sports and Outdoors, Inc. (ASO) and Buckle, Inc. (The) (BKE) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASO and BKE?
Over the past 3 years, ASO and BKE moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 677.3 %².
Few assets follow ASO as closely as BKE, which ranks #2 of 16 tracked partners. On 12-month performance BKE holds a 5.6-point edge, -23.5% against -17.9%.
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.
ASO vs BKE: side by side
| ASO (Academy Sports and Outdoors, Inc.) | BKE (Buckle, Inc. (The)) | |
|---|---|---|
| 1-year return | -23.5% | -17.9% |
| 5-year return | +2.0% | +83.6% |
| Volatility (ann.) | 39.7% | 31.1% |
| Beta vs S&P 500 | 1.26 | 0.85 |
| Max drawdown (3Y) | -54.2% | -33.9% |
| Market cap | $2.6B | $2.2B |
| P/E (trailing) | 7.7 | 10.2 |
| Dividend yield | 1.29% | 1.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASO | BKE |
|---|---|---|
| 2022 | +20.6% | +10.9% |
| 2023 | +26.4% | +15.0% |
| 2024 | -12.2% | +17.5% |
| 2025 | -12.2% | +14.0% |
| 2026 | -14.2% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASO and BKE good diversifiers for each other?
Only partially. A correlation of 0.55 means ASO and BKE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ASO and BKE?
As of 2026-08-27, the correlation of weekly returns between ASO and BKE is 0.55 over 3 years, 0.35 over 1 year and 0.56 over 5 years.
Is BKE a good diversifier for ASO?
Only partially. A correlation of 0.55 means ASO and BKE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/aso-vs-bke.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aso-vs-bke/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASO correlations · BKE correlations
