GIII vs SHOE: Correlation
Measured on weekly returns over the past three years, G-III Apparel Group, LTD. (GIII) and Shoe Station Group, Inc. (SHOE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and SHOE?
Over the past 3 years, GIII and SHOE moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 707.9 %².
Among the 14 assets we track against GIII, SHOE ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GIII ahead by 59.4 points (+24.7% versus -34.7%).
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.
GIII vs SHOE: side by side
| GIII (G-III Apparel Group, LTD.) | SHOE (Shoe Station Group, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -34.7% |
| 5-year return | +8.5% | -59.3% |
| Volatility (ann.) | 39.5% | 43.2% |
| Beta vs S&P 500 | 0.53 | 1.24 |
| Max drawdown (3Y) | -43.1% | -68.0% |
| Market cap | $1.4B | $0.4B |
| P/E (trailing) | 11.8 | 10.3 |
| Dividend yield | 0.60% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | SHOE |
|---|---|---|
| 2022 | -50.4% | -38.0% |
| 2023 | +147.8% | +28.5% |
| 2024 | -4.0% | +11.2% |
| 2025 | -10.9% | -47.6% |
| 2026 | +15.9% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and SHOE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GIII and SHOE?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.51 over the last year and 0.46 over 5 years.
Is SHOE a good diversifier for GIII?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/giii-vs-shoe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/giii-vs-shoe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIII correlations · SHOE correlations
