BKE vs SBH: Correlation
Buckle, Inc. (The) (BKE) and Sally Beauty Holdings, Inc. Commo (SBH) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and SBH?
Across a 3-year window, the weekly returns of BKE and SBH correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 748.7 %².
Among the 21 assets we track against BKE, SBH ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBH outperformed by 34.4 percentage points (-17.9% for BKE against +16.5% for SBH).
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 SBH: side by side
| BKE (Buckle, Inc. (The)) | SBH (Sally Beauty Holdings, Inc. Commo) | |
|---|---|---|
| 1-year return | -17.9% | +16.5% |
| 5-year return | +83.6% | -12.3% |
| Volatility (ann.) | 31.1% | 45.3% |
| Beta vs S&P 500 | 0.85 | 1.15 |
| Max drawdown (3Y) | -33.9% | -45.2% |
| Market cap | $2.2B | $1.5B |
| P/E (trailing) | 10.2 | 8.6 |
| Dividend yield | 1.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | SBH |
|---|---|---|
| 2022 | +10.9% | -32.2% |
| 2023 | +15.0% | +6.1% |
| 2024 | +17.5% | -21.3% |
| 2025 | +14.0% | +36.5% |
| 2026 | -13.2% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and SBH good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BKE and SBH?
The BKE/SBH correlation stands at 0.53 on a 3-year window (1 year: 0.50, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is SBH a good diversifier for BKE?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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-sbh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bke-vs-sbh/)
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Related comparisons
Hubs: BKE correlations · SBH correlations
