BKE vs SHOE: Correlation
How closely do Buckle, Inc. (The) (BKE) and Shoe Station Group, Inc. (SHOE) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and SHOE?
Over the past 3 years, BKE and SHOE moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 768.0 %².
Within BKE's tracked universe of 21 assets, SHOE comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BKE ahead by 16.8 points (-17.9% versus -34.7%).
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 SHOE: side by side
| BKE (Buckle, Inc. (The)) | SHOE (Shoe Station Group, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -34.7% |
| 5-year return | +83.6% | -59.3% |
| Volatility (ann.) | 31.1% | 43.2% |
| Beta vs S&P 500 | 0.85 | 1.24 |
| Max drawdown (3Y) | -33.9% | -68.0% |
| Market cap | $2.2B | $0.4B |
| P/E (trailing) | 10.2 | 10.3 |
| Dividend yield | 1.58% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | SHOE |
|---|---|---|
| 2022 | +10.9% | -38.0% |
| 2023 | +15.0% | +28.5% |
| 2024 | +17.5% | +11.2% |
| 2025 | +14.0% | -47.6% |
| 2026 | -13.2% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and SHOE good diversifiers for each other?
To a limited degree. At 0.57 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 SHOE?
As of 2026-08-27, the correlation of weekly returns between BKE and SHOE is 0.57 over 3 years, 0.54 over 1 year and 0.61 over 5 years.
Is SHOE a good diversifier for BKE?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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/bke-vs-shoe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bke-vs-shoe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BKE correlations · SHOE correlations
