BKE vs GAP: Correlation
How closely do Buckle, Inc. (The) (BKE) and Gap, Inc. (The) (GAP) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and GAP?
On 3 years of weekly data the BKE/GAP correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 814.2 %².
Among the 21 assets we track against BKE, GAP ranks #15 by 3-year correlation. The trailing year gives GAP the advantage: -17.9% versus -3.9%, a 14.0-point spread. Risk is not evenly split, since GAP carries 1.7 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 GAP: side by side
| BKE (Buckle, Inc. (The)) | GAP (Gap, Inc. (The)) | |
|---|---|---|
| 1-year return | -17.9% | -3.9% |
| 5-year return | +83.6% | -5.3% |
| Volatility (ann.) | 31.1% | 54.0% |
| Beta vs S&P 500 | 0.85 | 1.17 |
| Max drawdown (3Y) | -33.9% | -38.0% |
| Market cap | $2.2B | – |
| P/E (trailing) | 10.2 | 8.4 |
| Dividend yield | 1.58% | 3.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | GAP |
|---|---|---|
| 2022 | +10.9% | -32.6% |
| 2023 | +15.0% | +96.7% |
| 2024 | +17.5% | +16.1% |
| 2025 | +14.0% | +11.7% |
| 2026 | -13.2% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and GAP good diversifiers for each other?
Reasonably. At 0.48, BKE and GAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BKE and GAP?
As of 2026-08-27, the correlation of weekly returns between BKE and GAP is 0.48 over 3 years, 0.55 over 1 year and 0.54 over 5 years.
Is GAP a good diversifier for BKE?
Reasonably. At 0.48, BKE and GAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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-gap.json
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Related comparisons
Hubs: BKE correlations · GAP correlations
