BCTX vs DECK: Correlation
Measured on weekly returns over the past three years, BriaCell Therapeutics Corp. (BCTX) and Deckers Brands (DECK) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and DECK?
On 3 years of weekly data the BCTX/DECK correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.14) than the 3-year average (-0.23). The 5-year figure is -0.19, and annualized covariance runs at -6860.8 %².
Among the 31 assets we track against BCTX, DECK ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DECK outperformed by 25.2 percentage points (-51.2% for BCTX against -26.0% for DECK). Note the risk asymmetry: BCTX runs 15.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCTX vs DECK: side by side
| BCTX (BriaCell Therapeutics Corp.) | DECK (Deckers Brands) | |
|---|---|---|
| 1-year return | -51.2% | -26.0% |
| 5-year return | -94.5% | +22.8% |
| Volatility (ann.) | 676.8% | 43.6% |
| Beta vs S&P 500 | -1.17 | 1.20 |
| Max drawdown (3Y) | -96.3% | -64.3% |
| Market cap | – | $11.8B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BCTX | DECK |
|---|---|---|
| 2022 | -47.2% | +9.0% |
| 2023 | +33.9% | +67.5% |
| 2024 | -90.4% | +82.3% |
| 2025 | +27.0% | -49.0% |
| 2026 | -47.8% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and DECK good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCTX and DECK?
The BCTX/DECK correlation stands at -0.23 on a 3-year window (1 year: 0.14, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is DECK a good diversifier for BCTX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: BCTX correlations · DECK correlations
