OLLI vs ROST: Correlation
Ollie's Bargain Outlet Holdings, Inc. (OLLI) and Ross Stores (ROST) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLLI and ROST?
Across a 3-year window, the weekly returns of OLLI and ROST correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 323.6 %².
By 3-year correlation, ROST places #5 of the 12 assets tracked against OLLI. The last year tells two different stories: ROST led by 99.5 percentage points, -45.2% for OLLI against +54.3% for ROST.
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.
OLLI vs ROST: side by side
| OLLI (Ollie's Bargain Outlet Holdings, Inc.) | ROST (Ross Stores) | |
|---|---|---|
| 1-year return | -45.2% | +54.3% |
| 5-year return | -6.7% | +105.0% |
| Volatility (ann.) | 35.2% | 24.0% |
| Beta vs S&P 500 | 0.75 | 0.66 |
| Max drawdown (3Y) | -56.1% | -21.1% |
| Market cap | $4.3B | $73.7B |
| P/E (trailing) | 18.4 | 27.8 |
| Dividend yield | 0.00% | 0.72% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | OLLI | ROST |
|---|---|---|
| 2022 | -8.5% | +2.9% |
| 2023 | +62.0% | +20.6% |
| 2024 | +44.6% | +10.4% |
| 2025 | -0.1% | +20.4% |
| 2026 | -34.8% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLLI and ROST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OLLI and ROST?
The OLLI/ROST correlation stands at 0.38 on a 3-year window (1 year: 0.41, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is ROST a good diversifier for OLLI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/olli-vs-rost.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/olli-vs-rost/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OLLI correlations · ROST correlations
