KTB vs SHC: Correlation
Kontoor Brands, Inc. (KTB) and Sotera Health Company (SHC) 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 KTB and SHC?
Over the past 3 years, KTB and SHC moved with a correlation of 0.48, which is moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.48). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 866.6 %².
Among the 17 assets we track against KTB, SHC ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHC ahead by 17.2 points (+0.9% versus +18.1%).
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 SHC: side by side
| KTB (Kontoor Brands, Inc.) | SHC (Sotera Health Company) | |
|---|---|---|
| 1-year return | +0.9% | +18.1% |
| 5-year return | +65.6% | -21.9% |
| Volatility (ann.) | 44.3% | 40.4% |
| Beta vs S&P 500 | 1.05 | 1.09 |
| Max drawdown (3Y) | -44.9% | -43.5% |
| Market cap | $4.2B | $5.6B |
| P/E (trailing) | 15.6 | 34.2 |
| Dividend yield | 2.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTB | SHC |
|---|---|---|
| 2022 | -18.3% | -64.6% |
| 2023 | +62.6% | +102.3% |
| 2024 | +40.7% | -18.8% |
| 2025 | -26.3% | +28.9% |
| 2026 | +27.1% | +10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTB and SHC good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KTB and SHC?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.28 over the last year and 0.30 over 5 years.
Is SHC a good diversifier for KTB?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/ktb-vs-shc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ktb-vs-shc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KTB correlations · SHC correlations
