DECK vs PAPL: Correlation
Measured on weekly returns over the past three years, Deckers Brands (DECK) and Pineapple Financial Inc. (PAPL) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and PAPL?
Across a 3-year window, the weekly returns of DECK and PAPL correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1964.3 %².
Among the 31 assets we track against DECK, PAPL sits near the bottom by co-movement, at rank #27. Their recent paths diverged sharply: over the last 12 months DECK outperformed by 44.7 percentage points (-26.0% for DECK against -70.7% for PAPL). Risk is not evenly split, since PAPL carries 4.2 times the volatility of the other side.
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 PAPL: side by side
| DECK (Deckers Brands) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -26.0% | -70.7% |
| 5-year return | +22.8% | n/a |
| Volatility (ann.) | 43.6% | 181.2% |
| Beta vs S&P 500 | 1.20 | -0.73 |
| Max drawdown (3Y) | -64.3% | -99.4% |
| Market cap | $11.8B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DECK | PAPL |
|---|---|---|
| 2022 | +9.0% | – |
| 2023 | +67.5% | – |
| 2024 | +82.3% | -74.7% |
| 2025 | -49.0% | -84.4% |
| 2026 | -16.7% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and PAPL good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DECK and PAPL?
As of 2026-08-27, the correlation of weekly returns between DECK and PAPL is -0.25 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is PAPL a good diversifier for DECK?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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 · PAPL correlations
