CPRI vs SHOO: Correlation
Capri Holdings Limited (CPRI) and Steven Madden, Ltd. (SHOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRI and SHOO?
Over the past 3 years, CPRI and SHOO moved with a correlation of 0.50, which is moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.50). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 998.5 %².
SHOO is one of the assets that tracks CPRI most closely: it ranks #2 out of the 10 assets we track against CPRI. Their recent paths diverged sharply: over the last 12 months SHOO outperformed by 94.3 percentage points (-38.8% for CPRI against +55.5% for SHOO).
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.
CPRI vs SHOO: side by side
| CPRI (Capri Holdings Limited) | SHOO (Steven Madden, Ltd.) | |
|---|---|---|
| 1-year return | -38.8% | +55.5% |
| 5-year return | -76.8% | +22.4% |
| Volatility (ann.) | 52.2% | 38.3% |
| Beta vs S&P 500 | 1.43 | 1.13 |
| Max drawdown (3Y) | -76.4% | -60.2% |
| Market cap | $1.5B | $3.3B |
| P/E (trailing) | 17.3 | 22.6 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPRI | SHOO |
|---|---|---|
| 2022 | -11.7% | -29.5% |
| 2023 | -12.4% | +34.6% |
| 2024 | -58.1% | +3.2% |
| 2025 | +15.9% | +0.6% |
| 2026 | -46.0% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRI and SHOO good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPRI and SHOO?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.62 over the last year and 0.49 over 5 years.
Is SHOO a good diversifier for CPRI?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/cpri-vs-shoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpri-vs-shoo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPRI correlations · SHOO correlations
