SBH vs VRA: Correlation
How closely do Sally Beauty Holdings, Inc. Commo (SBH) and Vera Bradley, Inc. (VRA) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBH and VRA?
Over the past 3 years, SBH and VRA moved with a correlation of 0.42, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1176.5 %².
Among the 14 assets we track against SBH, VRA ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VRA outperformed by 44.9 percentage points (+16.5% for SBH against +61.4% for VRA).
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.
SBH vs VRA: side by side
| SBH (Sally Beauty Holdings, Inc. Commo) | VRA (Vera Bradley, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | +61.4% |
| 5-year return | -12.3% | -71.6% |
| Volatility (ann.) | 45.3% | 61.5% |
| Beta vs S&P 500 | 1.15 | 1.11 |
| Max drawdown (3Y) | -45.2% | -78.8% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | 8.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBH | VRA |
|---|---|---|
| 2022 | -32.2% | -46.8% |
| 2023 | +6.1% | +70.0% |
| 2024 | -21.3% | -49.0% |
| 2025 | +36.5% | -38.4% |
| 2026 | +15.1% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBH and VRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SBH and VRA?
The SBH/VRA correlation stands at 0.42 on a 3-year window (1 year: 0.41, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is VRA a good diversifier for SBH?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: SBH correlations · VRA correlations
