DKS vs HD: Correlation
How closely do Dick's Sporting Goods Inc (DKS) and Home Depot (The) (HD) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and HD?
Over the past 3 years, DKS and HD moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 565.0 %².
In DKS's tracked universe of 18 assets, HD sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months HD outperformed by 22.9 percentage points (-40.3% for DKS against -17.4% for HD). Note the risk asymmetry: DKS runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DKS vs HD: side by side
| DKS (Dick's Sporting Goods Inc) | HD (Home Depot (The)) | |
|---|---|---|
| 1-year return | -40.3% | -17.4% |
| 5-year return | +8.3% | +13.8% |
| Volatility (ann.) | 41.9% | 23.6% |
| Beta vs S&P 500 | 1.33 | 0.87 |
| Max drawdown (3Y) | -48.5% | -28.8% |
| Market cap | $11.8B | $327.9B |
| P/E (trailing) | 14.5 | 23.4 |
| Dividend yield | 3.80% | 1.38% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DKS | HD |
|---|---|---|
| 2022 | +6.6% | -22.0% |
| 2023 | +25.9% | +12.8% |
| 2024 | +58.9% | +15.0% |
| 2025 | -11.5% | -9.3% |
| 2026 | -32.6% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and HD good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DKS and HD?
The DKS/HD correlation stands at 0.57 on a 3-year window (1 year: 0.50, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is HD a good diversifier for DKS?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/dks-vs-hd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dks-vs-hd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DKS correlations · HD correlations
