BIRK vs. DECK

Last updated Jun 4, 2026

BIRK (Birkenstock Holding plc) and DECK (Deckers Outdoor Corporation) are both stocks. Both operate in the Footwear & Accessories industry within the Consumer Cyclical sector. Over the past year, BIRK returned -23.53% vs 1.45% for DECK. At a 0.45 correlation, their price movements are largely independent.

Performance

BIRK vs. DECK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Birkenstock Holding plc (BIRK) and Deckers Outdoor Corporation (DECK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIRK achieves a 3.20% return, which is significantly lower than DECK's 3.56% return.

BIRK

• 1D: -2.76%
• 1M: 14.33%
• YTD: 3.20%
• 6M: -3.54%
• 1Y: -23.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DECK

• 1D: -3.10%
• 1M: 9.94%
• YTD: 3.56%
• 6M: 13.05%
• 1Y: 1.45%
• 3Y*: 10.55%
• 5Y*: 14.73%
• 10Y*: 28.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIRK vs. DECK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BIRK Birkenstock Holding plc	3.20%	-27.82%	16.27%	21.22%
DECK Deckers Outdoor Corporation	3.56%	-48.95%	82.30%	31.30%

Correlation

The correlation between BIRK and DECK is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.45

The correlation between BIRK and DECK has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

Fundamentals

Market Cap BIRK : $7.76B DECK : $15.19B
EPS BIRK : $1.93 DECK : $6.98
PE Ratio BIRK : 21.93 DECK : 15.38
PEG Ratio BIRK : 0.28 DECK : 0.56
PS Ratio BIRK : 3.57 DECK : 2.88
PB Ratio BIRK : 2.68 DECK : 6.08
Total Revenue (TTM) BIRK : $2.19B DECK : $5.47B
Gross Profit (TTM) BIRK : $1.23B DECK : $3.16B
EBITDA (TTM) BIRK : $671.99M DECK : $1.31B

Return for Risk

BIRK vs. DECK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIRK

BIRK Risk / Return Rank: 20
BIRK Sharpe Ratio Rank: 19
BIRK Sortino Ratio Rank: 19
BIRK Omega Ratio Rank: 20
BIRK Calmar Ratio Rank: 22
BIRK Martin Ratio Rank: 22

DECK

DECK Risk / Return Rank: 40
DECK Sharpe Ratio Rank: 41
DECK Sortino Ratio Rank: 38
DECK Omega Ratio Rank: 38
DECK Calmar Ratio Rank: 41
DECK Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIRK vs. DECK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Birkenstock Holding plc (BIRK) and Deckers Outdoor Corporation (DECK). 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.

	BIRK	DECK	Difference
Sharpe ratio Return per unit of total volatility	-0.51	0.03	-0.54
Sortino ratio Return per unit of downside risk	-0.51	0.39	-0.90
Omega ratio Gain probability vs. loss probability	0.94	1.05	-0.11
Calmar ratio Return relative to maximum drawdown	-0.53	0.04	-0.57
Martin ratio Return relative to average drawdown	-0.95	0.09	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIRK vs. DECK - Sharpe Ratio Comparison

The current BIRK Sharpe Ratio is -0.51, which is lower than the DECK Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of BIRK and DECK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIRK	DECK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	0.03	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.24	-0.20

Drawdowns

BIRK vs. DECK - Drawdown Comparison

The maximum BIRK drawdown since its inception was -50.94%, smaller than the maximum DECK drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for BIRK and DECK.

Drawdown Indicators

	BIRK	DECK	Difference
Max Drawdown Largest peak-to-trough decline	-50.94%	-94.36%	+43.42%
Max Drawdown (1Y) Largest decline over 1 year	-44.40%	-35.81%	-8.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-64.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-64.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.35%	—
Current Drawdown Current decline from peak	-33.60%	-51.88%	+18.28%
Average Drawdown Average peak-to-trough decline	-19.88%	-40.35%	+20.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.76%	16.89%	+7.87%

Volatility

BIRK vs. DECK - Volatility Comparison

Birkenstock Holding plc (BIRK) has a higher volatility of 27.66% compared to Deckers Outdoor Corporation (DECK) at 12.52%. This indicates that BIRK's price experiences larger fluctuations and is considered to be riskier than DECK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIRK	DECK	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.66%	12.52%	+15.14%
Volatility (6M) Calculated over the trailing 6-month period	41.60%	31.20%	+10.40%
Volatility (1Y) Calculated over the trailing 1-year period	46.76%	45.35%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.36%	43.98%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.36%	42.46%	+0.90%

Dividends

BIRK vs. DECK - Dividend Comparison

Neither BIRK nor DECK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BIRK vs. DECK - Profitability Comparison

The chart below illustrates the profitability comparison between Birkenstock Holding plc and Deckers Outdoor Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BIRK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Birkenstock Holding plc reported a gross profit of 315.59M and revenue of 628.50M. Therefore, the gross margin over that period was 50.2%.

DECK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deckers Outdoor Corporation reported a gross profit of 644.64M and revenue of 1.12B. Therefore, the gross margin over that period was 57.6%.

BIRK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Birkenstock Holding plc reported an operating income of 164.94M and revenue of 628.50M, resulting in an operating margin of 26.2%.

DECK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deckers Outdoor Corporation reported an operating income of 156.73M and revenue of 1.12B, resulting in an operating margin of 14.0%.

BIRK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Birkenstock Holding plc reported a net income of 83.23M and revenue of 628.50M, resulting in a net margin of 13.2%.

DECK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deckers Outdoor Corporation reported a net income of 135.57M and revenue of 1.12B, resulting in a net margin of 12.1%.

Frequently Asked Questions

Can I hold both BIRK and DECK in my portfolio?

BIRK and DECK have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIRK or DECK?

BIRK has higher volatility (27.66%) compared to DECK (12.52%). In terms of maximum drawdown, BIRK dropped -50.94% vs DECK's -94.36%.

Which has better risk-adjusted returns?

DECK currently has the higher Sharpe Ratio (0.03 vs -0.51), 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.