DKS vs INCR: Correlation
Measured on weekly returns over the past three years, Dick's Sporting Goods Inc (DKS) and Intercure Ltd. (INCR) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and INCR?
Over the past 3 years, DKS and INCR moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.62) than the 3-year average (-0.35). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -4947.1 %².
Among the 18 assets we track against DKS, INCR ranks #12 by 3-year correlation. The last year tells two different stories: INCR led by 288.8 percentage points, -40.3% for DKS against +248.5% for INCR. Note the risk asymmetry: INCR runs 8.0 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 INCR: side by side
| DKS (Dick's Sporting Goods Inc) | INCR (Intercure Ltd.) | |
|---|---|---|
| 1-year return | -40.3% | +248.5% |
| 5-year return | +8.3% | -10.0% |
| Volatility (ann.) | 41.9% | 333.4% |
| Beta vs S&P 500 | 1.33 | 1.08 |
| Max drawdown (3Y) | -48.5% | -79.8% |
| Market cap | $11.8B | $0.1B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKS | INCR |
|---|---|---|
| 2022 | +6.6% | -49.1% |
| 2023 | +25.9% | -60.9% |
| 2024 | +58.9% | +23.3% |
| 2025 | -11.5% | -42.8% |
| 2026 | -32.6% | +524.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and INCR good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DKS and INCR?
As of 2026-08-27, the correlation of weekly returns between DKS and INCR is -0.35 over 3 years, -0.62 over 1 year and -0.27 over 5 years.
Is INCR a good diversifier for DKS?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dks-vs-incr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dks-vs-incr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DKS correlations · INCR correlations
