DECK vs OKYO: Correlation
Deckers Brands (DECK) and OKYO Pharma Limited (OKYO) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and OKYO?
Over the past 3 years, DECK and OKYO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -658.3 %².
Among the 31 assets we track against DECK, OKYO ranks #22 by 3-year correlation. The trailing year gives DECK the advantage: -26.0% versus -31.4%, a 5.4-point spread. One caveat on sizing: OKYO is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 OKYO: side by side
| DECK (Deckers Brands) | OKYO (OKYO Pharma Limited) | |
|---|---|---|
| 1-year return | -26.0% | -31.4% |
| 5-year return | +22.8% | -57.2% |
| Volatility (ann.) | 43.6% | 76.6% |
| Beta vs S&P 500 | 1.20 | 0.56 |
| Max drawdown (3Y) | -64.3% | -69.1% |
| Market cap | $11.8B | $0.1B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DECK | OKYO |
|---|---|---|
| 2022 | +9.0% | – |
| 2023 | +67.5% | -7.3% |
| 2024 | +82.3% | -35.0% |
| 2025 | -49.0% | +80.0% |
| 2026 | -16.7% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and OKYO good diversifiers for each other?
Yes. With a correlation of -0.20, DECK and OKYO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DECK and OKYO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.10 over the last year and -0.13 over 5 years.
Is OKYO a good diversifier for DECK?
Yes. With a correlation of -0.20, DECK and OKYO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/deck-vs-okyo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/deck-vs-okyo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DECK correlations · OKYO correlations
