GCO vs SIG: Correlation
Genesco Inc. (GCO) and Signet Jewelers Limited (SIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCO and SIG?
Across a 3-year window, the weekly returns of GCO and SIG correlate at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.48 over 3 years. Stretching to 5 years gives 0.50, with an annualized covariance of 1476.1 %².
Within GCO's tracked universe of 13 assets, SIG comes in at #6 by 3-year correlation. Over the last 12 months GCO came out ahead by 11.7 percentage points (-0.0% against -11.7%).
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.
GCO vs SIG: side by side
| GCO (Genesco Inc.) | SIG (Signet Jewelers Limited) | |
|---|---|---|
| 1-year return | -0.0% | -11.7% |
| 5-year return | -47.8% | +8.4% |
| Volatility (ann.) | 63.6% | 47.9% |
| Beta vs S&P 500 | 1.80 | 1.19 |
| Max drawdown (3Y) | -60.9% | -57.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | 18.7 | 11.6 |
| Dividend yield | 0.00% | 1.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCO | SIG |
|---|---|---|
| 2022 | -28.3% | -21.0% |
| 2023 | -23.5% | +59.6% |
| 2024 | +21.4% | -23.8% |
| 2025 | -42.1% | +4.1% |
| 2026 | +33.1% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCO and SIG good diversifiers for each other?
Reasonably. At 0.48, GCO and SIG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GCO and SIG?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.62 over the last year and 0.50 over 5 years.
Is SIG a good diversifier for GCO?
Reasonably. At 0.48, GCO and SIG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/gco-vs-sig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gco-vs-sig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GCO correlations · SIG correlations
