BIRK vs CROX: Correlation
Birkenstock Holding plc (BIRK) and Crocs, Inc. (CROX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRK and CROX?
On 3 years of weekly data the BIRK/CROX correlation comes out at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.48). The 5-year figure is n/a, and annualized covariance runs at 1048.4 %².
Among the 15 assets we track against BIRK, CROX ranks #4 by 3-year correlation. The last year tells two different stories: CROX led by 72.8 percentage points, -32.3% for BIRK against +40.5% for CROX.
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.
BIRK vs CROX: side by side
| BIRK (Birkenstock Holding plc) | CROX (Crocs, Inc.) | |
|---|---|---|
| 1-year return | -32.3% | +40.5% |
| 5-year return | n/a | -16.9% |
| Volatility (ann.) | 45.5% | 47.7% |
| Beta vs S&P 500 | 1.18 | 0.93 |
| Max drawdown (3Y) | -50.9% | -54.0% |
| Market cap | $5.8B | $5.8B |
| P/E (trailing) | 17.0 | 11.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIRK | CROX |
|---|---|---|
| 2022 | – | -15.4% |
| 2023 | – | -13.9% |
| 2024 | +16.3% | +17.3% |
| 2025 | -27.8% | -21.9% |
| 2026 | -13.7% | +42.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRK and CROX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BIRK and CROX?
The BIRK/CROX correlation stands at 0.48 on a 3-year window (1 year: 0.64, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CROX a good diversifier for BIRK?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/birk-vs-crox.json
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[](https://www.pairbook.io/pair/birk-vs-crox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BIRK correlations · CROX correlations
