BURL vs. BOOT

Last updated Jun 4, 2026

BURL (Burlington Stores, Inc.) and BOOT (Boot Barn Holdings, Inc.) are both stocks. Both operate in the Apparel Retail industry within the Consumer Cyclical sector. Over the past 10 years, BURL returned 18.05%/yr vs 35.75%/yr for BOOT. At a 0.40 correlation, their price movements are largely independent.

Performance

BURL vs. BOOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Burlington Stores, Inc. (BURL) and Boot Barn Holdings, Inc. (BOOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BURL achieves a 13.80% return, which is significantly higher than BOOT's -3.28% return. Over the past 10 years, BURL has underperformed BOOT with an annualized return of 18.05%, while BOOT has yielded a comparatively higher 35.75% annualized return.

BURL

• 1D: 2.38%
• 1M: 6.28%
• YTD: 13.80%
• 6M: 32.09%
• 1Y: 38.21%
• 3Y*: 29.61%
• 5Y*: 1.55%
• 10Y*: 18.05%

BOOT

• 1D: -0.70%
• 1M: 1.81%
• YTD: -3.28%
• 6M: -15.10%
• 1Y: 5.63%
• 3Y*: 35.80%
• 5Y*: 18.51%
• 10Y*: 35.75%

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

BURL vs. BOOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BURL Burlington Stores, Inc.	13.80%	1.33%	46.58%	-4.08%	-30.44%	11.45%	14.70%	40.18%	32.22%	45.17%
BOOT Boot Barn Holdings, Inc.	-3.28%	16.24%	97.79%	22.78%	-49.19%	183.79%	-2.63%	161.48%	2.53%	32.67%

Correlation

The correlation between BURL and BOOT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.40

Fundamentals

Market Cap BURL : $21.08B BOOT : $5.24B
EPS BURL : $9.74 BOOT : $7.35
PE Ratio BURL : 33.74 BOOT : 23.23
PEG Ratio BURL : 1.74 BOOT : 4.75
PS Ratio BURL : 1.77 BOOT : 2.33
PB Ratio BURL : 5.54 BOOT : 3.98
Total Revenue (TTM) BURL : $11.92B BOOT : $2.25B
Gross Profit (TTM) BURL : $5.24B BOOT : $858.36M
EBITDA (TTM) BURL : $1.33B BOOT : $358.43M

Return for Risk

BURL vs. BOOT — Risk / Return Rank

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

BURL

BURL Risk / Return Rank: 70
BURL Sharpe Ratio Rank: 71
BURL Sortino Ratio Rank: 65
BURL Omega Ratio Rank: 65
BURL Calmar Ratio Rank: 74
BURL Martin Ratio Rank: 74

BOOT

BOOT Risk / Return Rank: 43
BOOT Sharpe Ratio Rank: 46
BOOT Sortino Ratio Rank: 42
BOOT Omega Ratio Rank: 40
BOOT Calmar Ratio Rank: 44
BOOT Martin Ratio Rank: 44

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.

BURL vs. BOOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Burlington Stores, Inc. (BURL) 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.

	BURL	BOOT	Difference
Sharpe ratio Return per unit of total volatility	1.01	0.13	+0.88
Sortino ratio Return per unit of downside risk	1.55	0.52	+1.02
Omega ratio Gain probability vs. loss probability	1.19	1.06	+0.14
Calmar ratio Return relative to maximum drawdown	1.96	0.16	+1.80
Martin ratio Return relative to average drawdown	4.92	0.42	+4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BURL vs. BOOT - Sharpe Ratio Comparison

The current BURL Sharpe Ratio is 1.01, which is higher than the BOOT Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of BURL and BOOT, 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

	BURL	BOOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.13	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.37	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.63	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.35	+0.21

Drawdowns

BURL vs. BOOT - Drawdown Comparison

The maximum BURL drawdown since its inception was -68.87%, smaller than the maximum BOOT drawdown of -83.73%. Use the drawdown chart below to compare losses from any high point for BURL and BOOT.

Drawdown Indicators

	BURL	BOOT	Difference
Max Drawdown Largest peak-to-trough decline	-68.87%	-83.73%	+14.86%
Max Drawdown (1Y) Largest decline over 1 year	-19.55%	-35.01%	+15.46%
Max Drawdown (3Y) Largest decline over 3 years	-35.38%	-48.93%	+13.55%
Max Drawdown (5Y) Largest decline over 5 years	-68.87%	-60.62%	-8.25%
Max Drawdown (10Y) Largest decline over 10 years	-68.87%	-77.88%	+9.01%
Current Drawdown Current decline from peak	-6.79%	-17.93%	+11.14%
Average Drawdown Average peak-to-trough decline	-18.56%	-32.35%	+13.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.79%	13.54%	-5.75%

Volatility

BURL vs. BOOT - Volatility Comparison

Burlington Stores, Inc. (BURL) and Boot Barn Holdings, Inc. (BOOT) have volatilities of 16.49% and 15.75%, 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.

Volatility by Period

	BURL	BOOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.49%	15.75%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	26.87%	32.56%	-5.69%
Volatility (1Y) Calculated over the trailing 1-year period	37.94%	42.81%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.11%	49.78%	-5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.76%	57.03%	-15.27%

Dividends

BURL vs. BOOT - Dividend Comparison

Neither BURL nor BOOT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BURL vs. BOOT - Profitability Comparison

The chart below illustrates the profitability comparison between Burlington Stores, Inc. and Boot Barn Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BURL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Burlington Stores, Inc. reported a gross profit of 1.26B and revenue of 2.86B. Therefore, the gross margin over that period was 44.2%.

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%.

BURL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Burlington Stores, Inc. reported an operating income of 142.67M and revenue of 2.86B, resulting in an operating margin of 5.0%.

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%.

BURL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Burlington Stores, Inc. reported a net income of 114.74M and revenue of 2.86B, resulting in a net margin of 4.0%.

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%.

Frequently Asked Questions

Can I hold both BURL and BOOT in my portfolio?

BURL and BOOT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BURL or BOOT?

BURL has higher volatility (16.49%) compared to BOOT (15.75%). In terms of maximum drawdown, BURL dropped -68.87% vs BOOT's -83.73%.

Which has better risk-adjusted returns?

BURL currently has the higher Sharpe Ratio (1.01 vs 0.13), 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.