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DECK vs RL: Correlation

How closely do Deckers Brands (DECK) and Ralph Lauren Corporation (RL) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.36
moderate
Correlation (1Y)
0.47
last 12 months
Correlation (5Y)
0.40
long-run
Ann. covariance
531.2
%² · weekly, annualized

How correlated are DECK and RL?

On 3 years of weekly data the DECK/RL correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.47 versus 0.36 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 531.2 %².

Within DECK's tracked universe of 31 assets, RL comes in at #19 by 3-year correlation. The last year tells two different stories: RL led by 46.7 percentage points, -26.0% for DECK against +20.7% for RL. Across three years, the rolling one-year figure varied moderately, from 0.04 to 0.48.

+1.0+0.50-0.5-1.020232026-08-27
How the one-year correlation itself moved over the past three years.
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 RL: side by side

DECK (Deckers Brands)RL (Ralph Lauren Corporation)
1-year return-26.0%+20.7%
5-year return+22.8%+232.5%
Volatility (ann.)43.6%33.6%
Beta vs S&P 5001.201.07
Max drawdown (3Y)-64.3%-36.2%
Market cap$11.8B$21.0B
P/E (trailing)12.722.8
Dividend yield0.00%1.03%
Sector / categoryConsumer DiscretionaryConsumer Discretionary
Lower P/E: DECK 12.7 vs 22.8Higher yield: RL 1.03% vs 0.00%Smaller drawdown: RL -36.2% vs -64.3%Higher 5y return: RL +232.5% vs +22.8%
-32%0%+34%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. DECK · RL

Year-by-year returns

YearDECKRL
2022+9.0%-8.4%
2023+67.5%+39.8%
2024+82.3%+62.9%
2025-49.0%+55.0%
2026-16.7%+0.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are DECK and RL good diversifiers for each other?

Reasonably. At 0.36, DECK and RL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between DECK and RL?

As of 2026-08-27, the correlation of weekly returns between DECK and RL is 0.36 over 3 years, 0.47 over 1 year and 0.40 over 5 years.

Is RL a good diversifier for DECK?

Reasonably. At 0.36, DECK and RL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.36 mean?

On the −1 to +1 scale, 0.36 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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DECK vs RL: 3-year weekly correlation 0.36DECK vs RL0.36

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Related comparisons

Hubs: DECK correlations · RL correlations