FIGS vs RCKY: Correlation
FIGS, Inc. (FIGS) and Rocky Brands, Inc. (RCKY) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIGS and RCKY?
Across a 3-year window, the weekly returns of FIGS and RCKY correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 1791.1 %².
Within FIGS's tracked universe of 11 assets, RCKY comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FIGS ahead by 63.0 points (+113.3% versus +50.3%).
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.
FIGS vs RCKY: side by side
| FIGS (FIGS, Inc.) | RCKY (Rocky Brands, Inc.) | |
|---|---|---|
| 1-year return | +113.3% | +50.3% |
| 5-year return | -63.9% | +0.6% |
| Volatility (ann.) | 63.9% | 68.1% |
| Beta vs S&P 500 | 0.92 | 1.66 |
| Max drawdown (3Y) | -54.4% | -68.0% |
| Market cap | $2.5B | $0.3B |
| P/E (trailing) | 45.8 | 11.9 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIGS | RCKY |
|---|---|---|
| 2022 | -75.6% | -39.5% |
| 2023 | +3.3% | +31.4% |
| 2024 | -10.9% | -22.8% |
| 2025 | +83.5% | +31.9% |
| 2026 | +32.9% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIGS and RCKY good diversifiers for each other?
Reasonably. At 0.41, FIGS and RCKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIGS and RCKY?
The FIGS/RCKY correlation stands at 0.41 on a 3-year window (1 year: 0.49, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is RCKY a good diversifier for FIGS?
Reasonably. At 0.41, FIGS and RCKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/figs-vs-rcky.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/figs-vs-rcky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIGS correlations · RCKY correlations
