CAL vs CROX: Correlation
Measured on weekly returns over the past three years, Caleres, Inc. (CAL) and Crocs, Inc. (CROX) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAL and CROX?
Over the past 3 years, CAL and CROX moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.46). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1227.9 %².
Within CAL's tracked universe of 16 assets, CROX comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CROX ahead by 57.9 points (-17.4% versus +40.5%).
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.
CAL vs CROX: side by side
| CAL (Caleres, Inc.) | CROX (Crocs, Inc.) | |
|---|---|---|
| 1-year return | -17.4% | +40.5% |
| 5-year return | -45.9% | -16.9% |
| Volatility (ann.) | 55.9% | 47.7% |
| Beta vs S&P 500 | 1.37 | 0.93 |
| Max drawdown (3Y) | -79.4% | -54.0% |
| Market cap | $0.4B | $5.8B |
| P/E (trailing) | – | 11.0 |
| Dividend yield | 2.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAL | CROX |
|---|---|---|
| 2022 | -0.6% | -15.4% |
| 2023 | +39.4% | -13.9% |
| 2024 | -23.9% | +17.3% |
| 2025 | -46.4% | -21.9% |
| 2026 | +4.2% | +42.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAL and CROX good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CAL and CROX?
As of 2026-08-27, the correlation of weekly returns between CAL and CROX is 0.46 over 3 years, 0.57 over 1 year and 0.40 over 5 years.
Is CROX a good diversifier for CAL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/cal-vs-crox.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cal-vs-crox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAL correlations · CROX correlations
