GCO vs THO: Correlation
Measured on weekly returns over the past three years, Genesco Inc. (GCO) and Thor Industries, Inc. (THO) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCO and THO?
Over the past 3 years, GCO and THO moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1378.6 %².
Among the 13 assets we track against GCO, THO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GCO ahead by 29.2 points (-0.0% versus -29.2%). Note the risk asymmetry: GCO 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.
GCO vs THO: side by side
| GCO (Genesco Inc.) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | -0.0% | -29.2% |
| 5-year return | -47.8% | -26.9% |
| Volatility (ann.) | 63.6% | 37.1% |
| Beta vs S&P 500 | 1.80 | 1.19 |
| Max drawdown (3Y) | -60.9% | -48.4% |
| Market cap | $0.4B | $4.0B |
| P/E (trailing) | 18.7 | 15.4 |
| Dividend yield | 0.00% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCO | THO |
|---|---|---|
| 2022 | -28.3% | -25.6% |
| 2023 | -23.5% | +59.8% |
| 2024 | +21.4% | -17.9% |
| 2025 | -42.1% | +9.7% |
| 2026 | +33.1% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCO and THO good diversifiers for each other?
Only partially. A correlation of 0.58 means GCO and THO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GCO and THO?
The GCO/THO correlation stands at 0.58 on a 3-year window (1 year: 0.52, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is THO a good diversifier for GCO?
Only partially. A correlation of 0.58 means GCO and THO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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/gco-vs-tho.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gco-vs-tho/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GCO correlations · THO correlations
