PVH vs ULTA: Correlation
Measured on weekly returns over the past three years, PVH Corp. (PVH) and Ulta Beauty (ULTA) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PVH and ULTA?
Across a 3-year window, the weekly returns of PVH and ULTA correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.42, with an annualized covariance of 612.9 %².
By 3-year correlation, ULTA places #12 of the 19 assets tracked against PVH. Over the last 12 months ULTA came out ahead by 7.8 percentage points (-6.6% against +1.2%).
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.
PVH vs ULTA: side by side
| PVH (PVH Corp.) | ULTA (Ulta Beauty) | |
|---|---|---|
| 1-year return | -6.6% | +1.2% |
| 5-year return | -28.0% | +41.0% |
| Volatility (ann.) | 43.7% | 35.3% |
| Beta vs S&P 500 | 1.11 | 0.75 |
| Max drawdown (3Y) | -56.9% | -44.6% |
| Market cap | – | $23.2B |
| P/E (trailing) | 23.8 | 20.4 |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | PVH | ULTA |
|---|---|---|
| 2022 | -33.7% | +13.8% |
| 2023 | +73.3% | +4.5% |
| 2024 | -13.3% | -11.2% |
| 2025 | -36.5% | +39.1% |
| 2026 | +13.7% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PVH and ULTA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PVH and ULTA?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.28 over the last year and 0.42 over 5 years.
Is ULTA a good diversifier for PVH?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pvh-vs-ulta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pvh-vs-ulta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PVH correlations · ULTA correlations
