SHOO vs UHAL: Correlation
Steven Madden, Ltd. (SHOO) and U-Haul Holding Company (UHAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHOO and UHAL?
On 3 years of weekly data the SHOO/UHAL correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 615.3 %².
In SHOO's tracked universe of 15 assets, UHAL sits right near the top at #1. The last year tells two different stories: SHOO led by 36.4 percentage points, +55.5% for SHOO against +19.1% for UHAL.
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.
SHOO vs UHAL: side by side
| SHOO (Steven Madden, Ltd.) | UHAL (U-Haul Holding Company) | |
|---|---|---|
| 1-year return | +55.5% | +19.1% |
| 5-year return | +22.4% | +2.2% |
| Volatility (ann.) | 38.3% | 28.6% |
| Beta vs S&P 500 | 1.13 | 0.81 |
| Max drawdown (3Y) | -60.2% | -46.2% |
| Market cap | $3.3B | $13.4B |
| P/E (trailing) | 22.6 | 488.6 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHOO | UHAL |
|---|---|---|
| 2022 | -29.5% | -17.0% |
| 2023 | +34.6% | +19.3% |
| 2024 | +3.2% | -3.8% |
| 2025 | +0.6% | -27.0% |
| 2026 | +8.5% | +35.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHOO and UHAL good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SHOO and UHAL?
The SHOO/UHAL correlation stands at 0.56 on a 3-year window (1 year: 0.59, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is UHAL a good diversifier for SHOO?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/shoo-vs-uhal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shoo-vs-uhal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SHOO correlations · UHAL correlations
