EL vs GOOS: Correlation
How closely do Estée Lauder Companies (The) (EL) and Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and GOOS?
Over the past 3 years, EL and GOOS moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 963.0 %².
By 3-year correlation, GOOS places #10 of the 35 assets tracked against EL. Correlation aside, the last 12 months split them widely, with EL ahead by 59.1 points (+16.4% versus -42.7%).
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.
EL vs GOOS: side by side
| EL (Estée Lauder Companies (The)) | GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +16.4% | -42.7% |
| 5-year return | -66.7% | -79.0% |
| Volatility (ann.) | 47.0% | 46.5% |
| Beta vs S&P 500 | 1.28 | 0.88 |
| Max drawdown (3Y) | -68.4% | -57.7% |
| Market cap | $38.4B | $0.8B |
| P/E (trailing) | 208.3 | 18.8 |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | GOOS |
|---|---|---|
| 2022 | -32.3% | -51.9% |
| 2023 | -40.1% | -33.5% |
| 2024 | -47.6% | -15.4% |
| 2025 | +42.1% | +29.1% |
| 2026 | +2.1% | -37.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and GOOS good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EL and GOOS?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.40 over the last year and 0.47 over 5 years.
Is GOOS a good diversifier for EL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/el-vs-goos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/el-vs-goos/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EL correlations · GOOS correlations
