STRT vs TPR: Correlation
How closely do STRATTEC SECURITY CORPORATION (STRT) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRT and TPR?
On 3 years of weekly data the STRT/TPR correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.38). The 5-year figure is 0.33, and annualized covariance runs at 803.8 %².
Among the 11 assets we track against STRT, TPR ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TPR outperformed by 18.4 percentage points (+5.2% for STRT against +23.6% for TPR).
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.
STRT vs TPR: side by side
| STRT (STRATTEC SECURITY CORPORATION) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +23.6% |
| 5-year return | +89.4% | +240.1% |
| Volatility (ann.) | 56.1% | 37.8% |
| Beta vs S&P 500 | 1.15 | 1.05 |
| Max drawdown (3Y) | -36.8% | -31.8% |
| Market cap | $0.3B | $24.6B |
| P/E (trailing) | 14.6 | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | STRT | TPR |
|---|---|---|
| 2022 | -44.5% | -3.3% |
| 2023 | +23.3% | +0.2% |
| 2024 | +62.6% | +82.8% |
| 2025 | +84.8% | +98.7% |
| 2026 | -7.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRT and TPR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between STRT and TPR?
As of 2026-08-27, the correlation of weekly returns between STRT and TPR is 0.38 over 3 years, 0.57 over 1 year and 0.33 over 5 years.
Is TPR a good diversifier for STRT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: STRT correlations · TPR correlations
