DKS vs REAX: Correlation
How closely do Dick's Sporting Goods Inc (DKS) and Real REMAX Group Inc. (REAX) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and REAX?
On 3 years of weekly data the DKS/REAX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.62) runs below the 3-year figure (-0.37). The 5-year figure is -0.27, and annualized covariance runs at -7113.1 %².
REAX is close to the least connected end of DKS's tracked universe, ranking #14 of 18. Correlation aside, the last 12 months split them widely, with REAX ahead by 397.4 points (-40.3% versus +357.1%). Note the risk asymmetry: REAX runs 11.1 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 REAX: side by side
| DKS (Dick's Sporting Goods Inc) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | -40.3% | +357.1% |
| 5-year return | +8.3% | +1133.9% |
| Volatility (ann.) | 41.9% | 463.3% |
| Beta vs S&P 500 | 1.33 | 1.90 |
| Max drawdown (3Y) | -48.5% | -76.1% |
| Market cap | $11.8B | $0.5B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKS | REAX |
|---|---|---|
| 2022 | +6.6% | -71.5% |
| 2023 | +25.9% | +52.4% |
| 2024 | +58.9% | +187.5% |
| 2025 | -11.5% | -20.7% |
| 2026 | -32.6% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and REAX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DKS and REAX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.62 over the last year and -0.27 over 5 years.
Is REAX a good diversifier for DKS?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DKS correlations · REAX correlations
