BKE vs THO: Correlation
How closely do Buckle, Inc. (The) (BKE) and Thor Industries, Inc. (THO) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and THO?
Across a 3-year window, the weekly returns of BKE and THO correlate at 0.60, strong. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.60). Stretching to 5 years gives 0.55, with an annualized covariance of 689.2 %².
Few assets follow BKE as closely as THO, which ranks #2 of 21 tracked partners. The trailing year gives BKE the advantage: -17.9% versus -29.2%, a 11.3-point spread.
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 THO: side by side
| BKE (Buckle, Inc. (The)) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -29.2% |
| 5-year return | +83.6% | -26.9% |
| Volatility (ann.) | 31.1% | 37.1% |
| Beta vs S&P 500 | 0.85 | 1.19 |
| Max drawdown (3Y) | -33.9% | -48.4% |
| Market cap | $2.2B | $4.0B |
| P/E (trailing) | 10.2 | 15.4 |
| Dividend yield | 1.58% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKE | THO |
|---|---|---|
| 2022 | +10.9% | -25.6% |
| 2023 | +15.0% | +59.8% |
| 2024 | +17.5% | -17.9% |
| 2025 | +14.0% | +9.7% |
| 2026 | -13.2% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and THO good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKE and THO?
As of 2026-08-27, the correlation of weekly returns between BKE and THO is 0.60 over 3 years, 0.39 over 1 year and 0.55 over 5 years.
Is THO a good diversifier for BKE?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BKE correlations · THO correlations
