BIRK vs RL: Correlation
Measured on weekly returns over the past three years, Birkenstock Holding plc (BIRK) and Ralph Lauren Corporation (RL) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRK and RL?
Over the past 3 years, BIRK and RL moved with a correlation of 0.53, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.53 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 811.3 %².
RL is one of the assets that tracks BIRK most closely: it ranks #2 out of the 15 assets we track against BIRK. Their recent paths diverged sharply: over the last 12 months RL outperformed by 53.0 percentage points (-32.3% for BIRK against +20.7% for RL).
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 RL: side by side
| BIRK (Birkenstock Holding plc) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | -32.3% | +20.7% |
| 5-year return | n/a | +232.5% |
| Volatility (ann.) | 45.5% | 33.6% |
| Beta vs S&P 500 | 1.18 | 1.07 |
| Max drawdown (3Y) | -50.9% | -36.2% |
| Market cap | $5.8B | $21.0B |
| P/E (trailing) | 17.0 | 22.8 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BIRK | RL |
|---|---|---|
| 2022 | – | -8.4% |
| 2023 | – | +39.8% |
| 2024 | +16.3% | +62.9% |
| 2025 | -27.8% | +55.0% |
| 2026 | -13.7% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRK and RL good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BIRK and RL?
As of 2026-08-27, the correlation of weekly returns between BIRK and RL is 0.53 over 3 years, 0.67 over 1 year and n/a over 5 years.
Is RL a good diversifier for BIRK?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BIRK correlations · RL correlations
