CROX vs SHOO: Correlation
Crocs, Inc. (CROX) and Steven Madden, Ltd. (SHOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CROX and SHOO?
Over the past 3 years, CROX and SHOO moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 901.6 %².
Few assets follow CROX as closely as SHOO, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months SHOO outperformed by 15.0 percentage points (+40.5% for CROX 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.
CROX vs SHOO: side by side
| CROX (Crocs, Inc.) | SHOO (Steven Madden, Ltd.) | |
|---|---|---|
| 1-year return | +40.5% | +55.5% |
| 5-year return | -16.9% | +22.4% |
| Volatility (ann.) | 47.7% | 38.3% |
| Beta vs S&P 500 | 0.93 | 1.13 |
| Max drawdown (3Y) | -54.0% | -60.2% |
| Market cap | $5.8B | $3.3B |
| P/E (trailing) | 11.0 | 22.6 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CROX | SHOO |
|---|---|---|
| 2022 | -15.4% | -29.5% |
| 2023 | -13.9% | +34.6% |
| 2024 | +17.3% | +3.2% |
| 2025 | -21.9% | +0.6% |
| 2026 | +42.3% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CROX and SHOO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CROX and SHOO?
As of 2026-08-27, the correlation of weekly returns between CROX and SHOO is 0.49 over 3 years, 0.54 over 1 year and 0.52 over 5 years.
Is SHOO a good diversifier for CROX?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/crox-vs-shoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crox-vs-shoo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CROX correlations · SHOO correlations
