RL vs SHOO: Correlation
Ralph Lauren Corporation (RL) and Steven Madden, Ltd. (SHOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RL and SHOO?
Over the past 3 years, RL and SHOO moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 698.3 %².
Among the 42 assets we track against RL, SHOO ranks #9 by 3-year correlation. The last year tells two different stories: SHOO led by 34.8 percentage points, +20.7% for RL against +55.5% for SHOO.
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.
RL vs SHOO: side by side
| RL (Ralph Lauren Corporation) | SHOO (Steven Madden, Ltd.) | |
|---|---|---|
| 1-year return | +20.7% | +55.5% |
| 5-year return | +232.5% | +22.4% |
| Volatility (ann.) | 33.6% | 38.3% |
| Beta vs S&P 500 | 1.07 | 1.13 |
| Max drawdown (3Y) | -36.2% | -60.2% |
| Market cap | $21.0B | $3.3B |
| P/E (trailing) | 22.8 | 22.6 |
| Dividend yield | 1.03% | 1.86% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | RL | SHOO |
|---|---|---|
| 2022 | -8.4% | -29.5% |
| 2023 | +39.8% | +34.6% |
| 2024 | +62.9% | +3.2% |
| 2025 | +55.0% | +0.6% |
| 2026 | +0.0% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RL and SHOO good diversifiers for each other?
Only partially. A correlation of 0.54 means RL and SHOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RL and SHOO?
As of 2026-08-27, the correlation of weekly returns between RL and SHOO is 0.54 over 3 years, 0.64 over 1 year and 0.60 over 5 years.
Is SHOO a good diversifier for RL?
Only partially. A correlation of 0.54 means RL and SHOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/rl-vs-shoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rl-vs-shoo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RL correlations · SHOO correlations
