CAL vs ROST: Correlation
Measured on weekly returns over the past three years, Caleres, Inc. (CAL) and Ross Stores (ROST) 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 CAL and ROST?
Over the past 3 years, CAL and ROST moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 598.2 %².
Among the 16 assets we track against CAL, ROST ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROST outperformed by 71.7 percentage points (-17.4% for CAL against +54.3% for ROST). Note the risk asymmetry: CAL runs 2.3 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.
CAL vs ROST: side by side
| CAL (Caleres, Inc.) | ROST (Ross Stores) | |
|---|---|---|
| 1-year return | -17.4% | +54.3% |
| 5-year return | -45.9% | +105.0% |
| Volatility (ann.) | 55.9% | 24.0% |
| Beta vs S&P 500 | 1.37 | 0.66 |
| Max drawdown (3Y) | -79.4% | -21.1% |
| Market cap | $0.4B | $73.7B |
| P/E (trailing) | – | 27.8 |
| Dividend yield | 2.14% | 0.72% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CAL | ROST |
|---|---|---|
| 2022 | -0.6% | +2.9% |
| 2023 | +39.4% | +20.6% |
| 2024 | -23.9% | +10.4% |
| 2025 | -46.4% | +20.4% |
| 2026 | +4.2% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAL and ROST good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CAL and ROST?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.51 over the last year and 0.44 over 5 years.
Is ROST a good diversifier for CAL?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/cal-vs-rost.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cal-vs-rost/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAL correlations · ROST correlations
