DECK vs VOO: Correlation
Measured on weekly returns over the past three years, Deckers Brands (DECK) and Vanguard S&P 500 ETF (VOO) 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 VOO?
Over the past 3 years, DECK and VOO moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 249.3 %².
By 3-year correlation, VOO places #13 of the 31 assets tracked against DECK. The last year tells two different stories: VOO led by 46.6 percentage points, -26.0% for DECK against +20.6% for VOO. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.08 to 0.60. One caveat on sizing: DECK is 3.0 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 VOO: side by side
| DECK (Deckers Brands) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -26.0% | +20.6% |
| 5-year return | +22.8% | +83.0% |
| Volatility (ann.) | 43.6% | 14.4% |
| Beta vs S&P 500 | 1.20 | 0.99 |
| Max drawdown (3Y) | -64.3% | -18.7% |
| Market cap | $11.8B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Consumer Discretionary | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | DECK | VOO |
|---|---|---|
| 2022 | +9.0% | -18.2% |
| 2023 | +67.5% | +26.3% |
| 2024 | +82.3% | +25.0% |
| 2025 | -49.0% | +17.8% |
| 2026 | -16.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and VOO good diversifiers for each other?
Reasonably. At 0.40, DECK and VOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DECK and VOO?
As of 2026-08-27, the correlation of weekly returns between DECK and VOO is 0.40 over 3 years, 0.32 over 1 year and 0.41 over 5 years.
Is VOO a good diversifier for DECK?
Reasonably. At 0.40, DECK and VOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: DECK correlations · VOO correlations
