KTB vs OXM: Correlation
How closely do Kontoor Brands, Inc. (KTB) and Oxford Industries, Inc. (OXM) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTB and OXM?
Over the past 3 years, KTB and OXM moved with a correlation of 0.47, which is moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.47). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 978.1 %².
Among the 17 assets we track against KTB, OXM ranks #11 by 3-year correlation. The trailing year gives KTB the advantage: +0.9% versus -9.2%, a 10.1-point spread.
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.
KTB vs OXM: side by side
| KTB (Kontoor Brands, Inc.) | OXM (Oxford Industries, Inc.) | |
|---|---|---|
| 1-year return | +0.9% | -9.2% |
| 5-year return | +65.6% | -50.3% |
| Volatility (ann.) | 44.3% | 47.0% |
| Beta vs S&P 500 | 1.05 | 1.00 |
| Max drawdown (3Y) | -44.9% | -69.4% |
| Market cap | $4.2B | $0.6B |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 2.73% | 7.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTB | OXM |
|---|---|---|
| 2022 | -18.3% | -6.1% |
| 2023 | +62.6% | +10.0% |
| 2024 | +40.7% | -18.9% |
| 2025 | -26.3% | -54.0% |
| 2026 | +27.1% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTB and OXM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KTB and OXM?
The KTB/OXM correlation stands at 0.47 on a 3-year window (1 year: 0.33, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is OXM a good diversifier for KTB?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: KTB correlations · OXM correlations
