MHK vs SHOE: Correlation
Mohawk Industries, Inc. (MHK) and Shoe Station Group, Inc. (SHOE) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and SHOE?
Over the past 3 years, MHK and SHOE moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 997.3 %².
Within MHK's tracked universe of 27 assets, SHOE comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MHK outperformed by 32.9 percentage points (-1.8% for MHK against -34.7% for SHOE).
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.
MHK vs SHOE: side by side
| MHK (Mohawk Industries, Inc.) | SHOE (Shoe Station Group, Inc.) | |
|---|---|---|
| 1-year return | -1.8% | -34.7% |
| 5-year return | -35.8% | -59.3% |
| Volatility (ann.) | 39.3% | 43.2% |
| Beta vs S&P 500 | 1.13 | 1.24 |
| Max drawdown (3Y) | -42.0% | -68.0% |
| Market cap | $8.8B | $0.4B |
| P/E (trailing) | 17.5 | 10.3 |
| Dividend yield | 0.00% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MHK | SHOE |
|---|---|---|
| 2022 | -43.9% | -38.0% |
| 2023 | +1.3% | +28.5% |
| 2024 | +15.1% | +11.2% |
| 2025 | -8.3% | -47.6% |
| 2026 | +18.8% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and SHOE good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MHK and SHOE?
As of 2026-08-27, the correlation of weekly returns between MHK and SHOE is 0.59 over 3 years, 0.56 over 1 year and 0.49 over 5 years.
Is SHOE a good diversifier for MHK?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/mhk-vs-shoe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mhk-vs-shoe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MHK correlations · SHOE correlations
