ROST vs SHOO: Correlation
Ross Stores (ROST) and Steven Madden, Ltd. (SHOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROST and SHOO?
Over the past 3 years, ROST and SHOO moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 399.0 %².
Among the 32 assets we track against ROST, SHOO ranks #12 by 3-year correlation. Neither side won the trailing year by much: +54.3% against +55.5%. Note the risk asymmetry: SHOO runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ROST vs SHOO: side by side
| ROST (Ross Stores) | SHOO (Steven Madden, Ltd.) | |
|---|---|---|
| 1-year return | +54.3% | +55.5% |
| 5-year return | +105.0% | +22.4% |
| Volatility (ann.) | 24.0% | 38.3% |
| Beta vs S&P 500 | 0.66 | 1.13 |
| Max drawdown (3Y) | -21.1% | -60.2% |
| Market cap | $73.7B | $3.3B |
| P/E (trailing) | 27.8 | 22.6 |
| Dividend yield | 0.72% | 1.86% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ROST | SHOO |
|---|---|---|
| 2022 | +2.9% | -29.5% |
| 2023 | +20.6% | +34.6% |
| 2024 | +10.4% | +3.2% |
| 2025 | +20.4% | +0.6% |
| 2026 | +28.1% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROST and SHOO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ROST and SHOO?
The ROST/SHOO correlation stands at 0.43 on a 3-year window (1 year: 0.43, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SHOO a good diversifier for ROST?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/rost-vs-shoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rost-vs-shoo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ROST correlations · SHOO correlations
