CRI vs SHOO: Correlation
Carter's, Inc. (CRI) and Steven Madden, Ltd. (SHOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRI and SHOO?
Across a 3-year window, the weekly returns of CRI and SHOO correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 700.4 %².
SHOO is one of the assets that tracks CRI most closely: it ranks #3 out of the 11 assets we track against CRI. Their recent paths diverged sharply: over the last 12 months SHOO outperformed by 34.7 percentage points (+20.8% for CRI 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.
CRI vs SHOO: side by side
| CRI (Carter's, Inc.) | SHOO (Steven Madden, Ltd.) | |
|---|---|---|
| 1-year return | +20.8% | +55.5% |
| 5-year return | -61.2% | +22.4% |
| Volatility (ann.) | 40.6% | 38.3% |
| Beta vs S&P 500 | 0.79 | 1.13 |
| Max drawdown (3Y) | -71.3% | -60.2% |
| Market cap | $1.2B | $3.3B |
| P/E (trailing) | 6.4 | 22.6 |
| Dividend yield | 2.92% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRI | SHOO |
|---|---|---|
| 2022 | -23.4% | -29.5% |
| 2023 | +4.9% | +34.6% |
| 2024 | -24.0% | +3.2% |
| 2025 | -37.4% | +0.6% |
| 2026 | +4.3% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRI and SHOO good diversifiers for each other?
Reasonably. At 0.45, CRI and SHOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRI and SHOO?
The CRI/SHOO correlation stands at 0.45 on a 3-year window (1 year: 0.41, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SHOO a good diversifier for CRI?
Reasonably. At 0.45, CRI and SHOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cri-vs-shoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cri-vs-shoo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRI correlations · SHOO correlations
