DECK vs ETN: Correlation
Measured on weekly returns over the past three years, Deckers Brands (DECK) and Eaton Corporation (ETN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and ETN?
Over the past 3 years, DECK and ETN moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.40). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 523.0 %².
Within DECK's tracked universe of 31 assets, ETN comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ETN outperformed by 45.7 percentage points (-26.0% for DECK against +19.7% for ETN). The rolling one-year correlation moved between 0.15 and 0.61 over the past three years, a moderate range.
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.
DECK vs ETN: side by side
| DECK (Deckers Brands) | ETN (Eaton Corporation) | |
|---|---|---|
| 1-year return | -26.0% | +19.7% |
| 5-year return | +22.8% | +164.1% |
| Volatility (ann.) | 43.6% | 30.2% |
| Beta vs S&P 500 | 1.20 | 1.33 |
| Max drawdown (3Y) | -64.3% | -34.5% |
| Market cap | $11.8B | $161.6B |
| P/E (trailing) | 12.7 | 42.4 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | Consumer Discretionary | Industrials |
Year-by-year returns
| Year | DECK | ETN |
|---|---|---|
| 2022 | +9.0% | -7.2% |
| 2023 | +67.5% | +56.2% |
| 2024 | +82.3% | +39.5% |
| 2025 | -49.0% | -2.8% |
| 2026 | -16.7% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and ETN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DECK and ETN?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.18 over the last year and 0.41 over 5 years.
Is ETN a good diversifier for DECK?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
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Related comparisons
Hubs: DECK correlations · ETN correlations
