BKE vs BOOT: Correlation
Buckle, Inc. (The) (BKE) and Boot Barn Holdings, Inc. (BOOT) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and BOOT?
On 3 years of weekly data the BKE/BOOT correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 760.3 %².
By 3-year correlation, BOOT places #12 of the 21 assets tracked against BKE. On 12-month performance BOOT holds a 5.8-point edge, -17.9% against -12.1%. Risk is not evenly split, since BOOT carries 1.5 times the volatility of the other side.
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.
BKE vs BOOT: side by side
| BKE (Buckle, Inc. (The)) | BOOT (Boot Barn Holdings, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -12.1% |
| 5-year return | +83.6% | +77.0% |
| Volatility (ann.) | 31.1% | 47.6% |
| Beta vs S&P 500 | 0.85 | 1.52 |
| Max drawdown (3Y) | -33.9% | -48.9% |
| Market cap | $2.2B | $4.7B |
| P/E (trailing) | 10.2 | 20.2 |
| Dividend yield | 1.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | BOOT |
|---|---|---|
| 2022 | +10.9% | -49.2% |
| 2023 | +15.0% | +22.8% |
| 2024 | +17.5% | +97.8% |
| 2025 | +14.0% | +16.2% |
| 2026 | -13.2% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and BOOT good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKE and BOOT?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.53 over the last year and 0.53 over 5 years.
Is BOOT a good diversifier for BKE?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/bke-vs-boot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bke-vs-boot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKE correlations · BOOT correlations
