ASO vs. BOOT
ASO (Academy Sports and Outdoors, Inc.) and BOOT (Boot Barn Holdings, Inc.) are both stocks. Both are in the Consumer Cyclical sector — ASO in Specialty Retail, BOOT in Apparel Retail. Over the past 5 years, ASO returned 5.87%/yr vs 11.51%/yr for BOOT. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
ASO vs. BOOT - Performance Comparison
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Returns By Period
In the year-to-date period, ASO achieves a -4.47% return, which is significantly higher than BOOT's -15.57% return.
ASO
- 1D
- -1.86%
- 1M
- -0.82%
- 6M
- -13.24%
- YTD
- -4.47%
- 1Y
- -2.63%
- 3Y*
- -5.96%
- 5Y*
- 5.87%
- 10Y*
- —
- ALL TIME*
- 27.25%
BOOT
- 1D
- -3.49%
- 1M
- -5.54%
- 6M
- -16.52%
- YTD
- -15.57%
- 1Y
- -12.82%
- 3Y*
- 17.20%
- 5Y*
- 11.51%
- 10Y*
- 31.17%
- ALL TIME*
- 19.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.00M | $61.55M | $75.95M | |
| $132.03M | $108.32M | $122.03M |
ASO vs. BOOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ASO Academy Sports and Outdoors, Inc. | -4.47% | -12.23% | -12.18% | 26.44% | 20.55% | 111.77% | 71.32% |
BOOT Boot Barn Holdings, Inc. | -15.57% | 16.24% | 97.79% | 22.78% | -49.19% | 183.79% | 47.58% |
Correlation
The correlation between ASO and BOOT is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2020 | 0.46 |
The correlation between ASO and BOOT shifts across timeframes, from 0.36 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ASO:
$2.94B
BOOT:
$4.51B
ASO:
$5.70
BOOT:
$7.90
ASO:
8.33
BOOT:
18.85
ASO:
0.52
BOOT:
1.95
ASO:
1.48
BOOT:
3.36
ASO:
$6.14B
BOOT:
$2.34B
ASO:
$2.13B
BOOT:
$901.03M
ASO:
$614.39M
BOOT:
$382.15M
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Return for Risk
ASO vs. BOOT — Risk / Return Rank
ASO
BOOT
ASO vs. BOOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Academy Sports and Outdoors, Inc. (ASO) and Boot Barn Holdings, Inc. (BOOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASO | BOOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.98 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -0.38 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.43 | -0.83 | +0.39 |
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Drawdowns
ASO vs. BOOT - Drawdown Comparison
The maximum ASO drawdown since its inception was -54.17%, smaller than the maximum BOOT drawdown of -83.73%. Use the drawdown chart below to compare losses from any high point for ASO and BOOT.
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Drawdown Indicators
| ASO | BOOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.17% | -83.73% | +29.56% |
Max Drawdown (1Y)Largest decline over 1 year | -26.91% | -35.01% | +8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -54.17% | -48.93% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -54.17% | -60.62% | +6.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.88% | — |
Current DrawdownCurrent decline from peak | -35.34% | -28.36% | -6.98% |
Average DrawdownAverage peak-to-trough decline | -19.61% | -32.20% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 16.14% | -3.35% |
Volatility
ASO vs. BOOT - Volatility Comparison
Academy Sports and Outdoors, Inc. (ASO) and Boot Barn Holdings, Inc. (BOOT) have volatilities of 11.26% and 10.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASO | BOOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 10.86% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 29.44% | 33.65% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.21% | 44.17% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.23% | 50.06% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.84% | 56.82% | -9.98% |
Dividends
ASO vs. BOOT - Dividend Comparison
ASO's dividend yield for the trailing twelve months is around 1.18%, while BOOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ASO Academy Sports and Outdoors, Inc. | 1.18% | 1.04% | 0.76% | 0.55% | 0.57% |
BOOT Boot Barn Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ASO vs. BOOT - Financials Comparison
This section allows you to compare key financial metrics between Academy Sports and Outdoors, Inc. and Boot Barn Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ASO vs. BOOT - Profitability Comparison
ASO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Academy Sports and Outdoors, Inc. reported a gross profit of 479.35M and revenue of 1.44B. Therefore, the gross margin over that period was 33.2%.
BOOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Boot Barn Holdings, Inc. reported a gross profit of 239.89M and revenue of 593.52M. Therefore, the gross margin over that period was 40.4%.
ASO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Academy Sports and Outdoors, Inc. reported an operating income of 74.66M and revenue of 1.44B, resulting in an operating margin of 5.2%.
BOOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Boot Barn Holdings, Inc. reported an operating income of 90.53M and revenue of 593.52M, resulting in an operating margin of 15.3%.
ASO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Academy Sports and Outdoors, Inc. reported a net income of 52.70M and revenue of 1.44B, resulting in a net margin of 3.7%.
BOOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Boot Barn Holdings, Inc. reported a net income of 70.11M and revenue of 593.52M, resulting in a net margin of 11.8%.
Frequently Asked Questions
ASO and BOOT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASO has higher volatility (11.26%) compared to BOOT (10.86%). In terms of maximum drawdown, ASO dropped -54.17% vs BOOT's -83.73%.
ASO currently has the higher Sharpe Ratio (-0.13 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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