BKE vs SIG: Correlation
Buckle, Inc. (The) (BKE) and Signet Jewelers Limited (SIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and SIG?
On 3 years of weekly data the BKE/SIG correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.49 over 3. The 5-year figure is 0.54, and annualized covariance runs at 733.6 %².
Within BKE's tracked universe of 21 assets, SIG comes in at #14 by 3-year correlation. On 12-month performance SIG holds a 6.2-point edge, -17.9% against -11.7%. Note the risk asymmetry: SIG runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SIG: side by side
| BKE (Buckle, Inc. (The)) | SIG (Signet Jewelers Limited) | |
|---|---|---|
| 1-year return | -17.9% | -11.7% |
| 5-year return | +83.6% | +8.4% |
| Volatility (ann.) | 31.1% | 47.9% |
| Beta vs S&P 500 | 0.85 | 1.19 |
| Max drawdown (3Y) | -33.9% | -57.1% |
| Market cap | $2.2B | – |
| P/E (trailing) | 10.2 | 11.6 |
| Dividend yield | 1.58% | 1.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | SIG |
|---|---|---|
| 2022 | +10.9% | -21.0% |
| 2023 | +15.0% | +59.6% |
| 2024 | +17.5% | -23.8% |
| 2025 | +14.0% | +4.1% |
| 2026 | -13.2% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and SIG good diversifiers for each other?
Reasonably. At 0.49, BKE and SIG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BKE and SIG?
The BKE/SIG correlation stands at 0.49 on a 3-year window (1 year: 0.42, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is SIG a good diversifier for BKE?
Reasonably. At 0.49, BKE and SIG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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-sig.json
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Related comparisons
Hubs: BKE correlations · SIG correlations
