GOOS vs LEVI: Correlation
How closely do Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS) and Levi Strauss & Co (LEVI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOS and LEVI?
Across a 3-year window, the weekly returns of GOOS and LEVI correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.48, with an annualized covariance of 756.2 %².
Few assets follow GOOS as closely as LEVI, which ranks #2 of 12 tracked partners. The last year tells two different stories: LEVI led by 40.2 percentage points, -42.7% for GOOS against -2.5% for LEVI.
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.
GOOS vs LEVI: side by side
| GOOS (Canada Goose Holdings Inc. Subordinate Voting Shares) | LEVI (Levi Strauss & Co) | |
|---|---|---|
| 1-year return | -42.7% | -2.5% |
| 5-year return | -79.0% | -10.8% |
| Volatility (ann.) | 46.5% | 35.5% |
| Beta vs S&P 500 | 0.88 | 1.05 |
| Max drawdown (3Y) | -57.7% | -47.5% |
| Market cap | $0.8B | $8.1B |
| P/E (trailing) | 18.8 | 15.4 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOS | LEVI |
|---|---|---|
| 2022 | -51.9% | -36.5% |
| 2023 | -33.5% | +10.0% |
| 2024 | -15.4% | +7.5% |
| 2025 | +29.1% | +23.4% |
| 2026 | -37.5% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOS and LEVI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOOS and LEVI?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.57 over the last year and 0.48 over 5 years.
Is LEVI a good diversifier for GOOS?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/goos-vs-levi.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOOS correlations · LEVI correlations
