SHOO vs VFC: Correlation
Steven Madden, Ltd. (SHOO) and V.F. Corporation (VFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHOO and VFC?
On 3 years of weekly data the SHOO/VFC correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 1102.1 %².
Within SHOO's tracked universe of 15 assets, VFC comes in at #5 by 3-year correlation. The last year tells two different stories: SHOO led by 62.2 percentage points, +55.5% for SHOO against -6.7% for VFC.
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 VFC: side by side
| SHOO (Steven Madden, Ltd.) | VFC (V.F. Corporation) | |
|---|---|---|
| 1-year return | +55.5% | -6.7% |
| 5-year return | +22.4% | -79.1% |
| Volatility (ann.) | 38.3% | 54.9% |
| Beta vs S&P 500 | 1.13 | 1.25 |
| Max drawdown (3Y) | -60.2% | -63.7% |
| Market cap | $3.3B | $5.4B |
| P/E (trailing) | 22.6 | 20.1 |
| Dividend yield | 1.86% | 12.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHOO | VFC |
|---|---|---|
| 2022 | -29.5% | -60.4% |
| 2023 | +34.6% | -28.5% |
| 2024 | +3.2% | +16.6% |
| 2025 | +0.6% | -13.8% |
| 2026 | +8.5% | -23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHOO and VFC good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SHOO and VFC?
The SHOO/VFC correlation stands at 0.52 on a 3-year window (1 year: 0.47, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is VFC a good diversifier for SHOO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/shoo-vs-vfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shoo-vs-vfc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SHOO correlations · VFC correlations
