BOOT vs. MSFT
BOOT (Boot Barn Holdings, Inc.) and MSFT (Microsoft Corporation) are both stocks. BOOT operates in Apparel Retail (Consumer Cyclical), while MSFT operates in Software - Infrastructure (Technology). Over the past 10 years, BOOT returned 36.37%/yr vs 24.39%/yr for MSFT. At a 0.24 correlation, their price movements are largely independent.
Performance
BOOT vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, BOOT achieves a -3.32% return, which is significantly higher than MSFT's -18.85% return. Over the past 10 years, BOOT has outperformed MSFT with an annualized return of 36.37%, while MSFT has yielded a comparatively lower 24.39% annualized return.
BOOT
- 1D
- -2.50%
- 1M
- 16.57%
- YTD
- -3.32%
- 6M
- -16.66%
- 1Y
- 8.48%
- 3Y*
- 29.89%
- 5Y*
- 17.59%
- 10Y*
- 36.37%
MSFT
- 1D
- 0.10%
- 1M
- -4.36%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.07%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
BOOT vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOOT Boot Barn Holdings, Inc. | -3.32% | 16.24% | 97.79% | 22.78% | -49.19% | 183.79% | -2.63% | 161.48% | 2.53% | 32.67% |
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between BOOT and MSFT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2014 | 0.24 |
Over the past year, the correlation between BOOT and MSFT has dropped to 0.02 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
Fundamentals
BOOT:
$5.24B
MSFT:
$2.91T
BOOT:
$7.35
MSFT:
$16.79
BOOT:
23.21
MSFT:
23.27
BOOT:
4.75
MSFT:
1.63
BOOT:
2.33
MSFT:
9.16
BOOT:
3.97
MSFT:
7.02
BOOT:
$2.25B
MSFT:
$318.27B
BOOT:
$858.36M
MSFT:
$217.41B
BOOT:
$358.43M
MSFT:
$200.96B
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Return for Risk
BOOT vs. MSFT — Risk / Return Rank
BOOT
MSFT
BOOT vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boot Barn Holdings, Inc. (BOOT) and Microsoft Corporation (MSFT). 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.
| BOOT | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.89 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.53 | +0.66 |
| Martin ratioReturn relative to average drawdown | 0.33 | -1.08 | +1.41 |
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Drawdowns
BOOT vs. MSFT - Drawdown Comparison
The maximum BOOT drawdown since its inception was -83.73%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for BOOT and MSFT.
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Drawdown Indicators
| BOOT | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.73% | -69.38% | -14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -35.01% | -33.91% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -48.93% | -33.91% | -15.02% |
Max Drawdown (5Y)Largest decline over 5 years | -60.62% | -37.15% | -23.47% |
Max Drawdown (10Y)Largest decline over 10 years | -77.88% | -37.15% | -40.73% |
Current DrawdownCurrent decline from peak | -17.97% | -27.46% | +9.49% |
Average DrawdownAverage peak-to-trough decline | -32.31% | -21.78% | -10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.87% | 16.48% | -2.61% |
Volatility
BOOT vs. MSFT - Volatility Comparison
Boot Barn Holdings, Inc. (BOOT) has a higher volatility of 14.54% compared to Microsoft Corporation (MSFT) at 10.52%. This indicates that BOOT's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOOT | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 10.52% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 33.46% | 22.31% | +11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.52% | 25.42% | +18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 26.66% | +23.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.02% | 27.06% | +29.96% |
Dividends
BOOT vs. MSFT - Dividend Comparison
BOOT has not paid dividends to shareholders, while MSFT's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOOT Boot Barn Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Financials
BOOT vs. MSFT - Financials Comparison
This section allows you to compare key financial metrics between Boot Barn Holdings, Inc. and Microsoft Corporation. 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
BOOT vs. MSFT - Profitability Comparison
BOOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Boot Barn Holdings, Inc. reported a gross profit of 195.75M and revenue of 538.75M. Therefore, the gross margin over that period was 36.3%.
MSFT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a gross profit of 56.06B and revenue of 82.89B. Therefore, the gross margin over that period was 67.6%.
BOOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Boot Barn Holdings, Inc. reported an operating income of 57.22M and revenue of 538.75M, resulting in an operating margin of 10.6%.
MSFT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported an operating income of 38.40B and revenue of 82.89B, resulting in an operating margin of 46.3%.
BOOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Boot Barn Holdings, Inc. reported a net income of 44.44M and revenue of 538.75M, resulting in a net margin of 8.3%.
MSFT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a net income of 31.78B and revenue of 82.89B, resulting in a net margin of 38.3%.
Frequently Asked Questions
BOOT and MSFT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOOT has higher volatility (14.54%) compared to MSFT (10.52%). In terms of maximum drawdown, BOOT dropped -83.73% vs MSFT's -69.38%.
BOOT currently has the higher Sharpe Ratio (0.11 vs -0.70), 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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