DKS vs LOW: Correlation
How closely do Dick's Sporting Goods Inc (DKS) and Lowe's (LOW) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and LOW?
Across a 3-year window, the weekly returns of DKS and LOW correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 563.4 %².
Few assets follow DKS as closely as LOW, which ranks #3 of 18 tracked partners. Their recent paths diverged sharply: over the last 12 months LOW outperformed by 21.9 percentage points (-40.3% for DKS against -18.4% for LOW). Note the risk asymmetry: DKS runs 1.7 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 LOW: side by side
| DKS (Dick's Sporting Goods Inc) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | -40.3% | -18.4% |
| 5-year return | +8.3% | +11.1% |
| Volatility (ann.) | 41.9% | 24.8% |
| Beta vs S&P 500 | 1.33 | 0.83 |
| Max drawdown (3Y) | -48.5% | -29.0% |
| Market cap | $11.8B | – |
| P/E (trailing) | 14.5 | 17.8 |
| Dividend yield | 3.80% | 2.31% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | DKS | LOW |
|---|---|---|
| 2022 | +6.6% | -21.5% |
| 2023 | +25.9% | +14.0% |
| 2024 | +58.9% | +13.0% |
| 2025 | -11.5% | -0.3% |
| 2026 | -32.6% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and LOW good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DKS and LOW?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.52 over the last year and 0.50 over 5 years.
Is LOW a good diversifier for DKS?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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: DKS correlations · LOW correlations
