BURL vs GAP: Correlation
Measured on weekly returns over the past three years, Burlington Stores, Inc. (BURL) and Gap, Inc. (The) (GAP) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BURL and GAP?
Over the past 3 years, BURL and GAP moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.45 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 931.4 %².
Among the 14 assets we track against BURL, GAP ranks #4 by 3-year correlation. The trailing year gives BURL the advantage: +3.5% versus -3.9%, a 7.4-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.
BURL vs GAP: side by side
| BURL (Burlington Stores, Inc.) | GAP (Gap, Inc. (The)) | |
|---|---|---|
| 1-year return | +3.5% | -3.9% |
| 5-year return | -3.9% | -5.3% |
| Volatility (ann.) | 38.7% | 54.0% |
| Beta vs S&P 500 | 0.87 | 1.17 |
| Max drawdown (3Y) | -28.4% | -38.0% |
| Market cap | $18.3B | – |
| P/E (trailing) | 32.3 | 8.4 |
| Dividend yield | 0.00% | 3.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BURL | GAP |
|---|---|---|
| 2022 | -30.4% | -32.6% |
| 2023 | -4.1% | +96.7% |
| 2024 | +46.6% | +16.1% |
| 2025 | +1.3% | +11.7% |
| 2026 | +0.4% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BURL and GAP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BURL and GAP?
The BURL/GAP correlation stands at 0.45 on a 3-year window (1 year: 0.26, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is GAP a good diversifier for BURL?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/burl-vs-gap.json
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[](https://www.pairbook.io/pair/burl-vs-gap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BURL correlations · GAP correlations
