ASO vs DKS: Correlation
How closely do Academy Sports and Outdoors, Inc. (ASO) and Dick's Sporting Goods Inc (DKS) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASO and DKS?
On 3 years of weekly data the ASO/DKS correlation comes out at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.54 over 3 years. The 5-year figure is 0.61, and annualized covariance runs at 897.1 %².
Among the 16 assets we track against ASO, DKS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASO outperformed by 16.8 percentage points (-23.5% for ASO against -40.3% for DKS).
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 DKS: side by side
| ASO (Academy Sports and Outdoors, Inc.) | DKS (Dick's Sporting Goods Inc) | |
|---|---|---|
| 1-year return | -23.5% | -40.3% |
| 5-year return | +2.0% | +8.3% |
| Volatility (ann.) | 39.7% | 41.9% |
| Beta vs S&P 500 | 1.26 | 1.33 |
| Max drawdown (3Y) | -54.2% | -48.5% |
| Market cap | $2.6B | $11.8B |
| P/E (trailing) | 7.7 | 14.5 |
| Dividend yield | 1.29% | 3.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASO | DKS |
|---|---|---|
| 2022 | +20.6% | +6.6% |
| 2023 | +26.4% | +25.9% |
| 2024 | -12.2% | +58.9% |
| 2025 | -12.2% | -11.5% |
| 2026 | -14.2% | -32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASO and DKS good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASO and DKS?
The ASO/DKS correlation stands at 0.54 on a 3-year window (1 year: 0.35, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is DKS a good diversifier for ASO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/aso-vs-dks.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aso-vs-dks/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASO correlations · DKS correlations
