DBI vs. BOOT

Last updated Jun 5, 2026

DBI (Designer Brands 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, DBI returned -5.18%/yr vs 35.04%/yr for BOOT. At a 0.48 correlation, their price movements are largely independent.

Performance

DBI vs. BOOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Designer Brands Inc. (DBI) 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, DBI achieves a 23.75% return, which is significantly higher than BOOT's -4.15% return. Over the past 10 years, DBI has underperformed BOOT with an annualized return of -5.18%, while BOOT has yielded a comparatively higher 35.04% annualized return.

DBI

• 1D: 4.47%
• 1M: 27.23%
• YTD: 23.75%
• 6M: 97.31%
• 1Y: 163.28%
• 3Y*: 16.16%
• 5Y*: -8.54%
• 10Y*: -5.18%

BOOT

• 1D: -0.90%
• 1M: 1.96%
• YTD: -4.15%
• 6M: -14.66%
• 1Y: 5.09%
• 3Y*: 33.97%
• 5Y*: 18.29%
• 10Y*: 35.04%

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

DBI vs. BOOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBI Designer Brands Inc.	23.75%	46.47%	-38.03%	-7.73%	-30.14%	85.75%	-50.65%	-32.63%	20.02%	-1.55%
BOOT Boot Barn Holdings, Inc.	-4.15%	16.24%	97.79%	22.78%	-49.19%	183.79%	-2.63%	161.48%	2.53%	32.67%

Correlation

The correlation between DBI and BOOT is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.48

The correlation between DBI and BOOT shifts across timeframes, from 0.39 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DBI : $452.16M BOOT : $5.20B
EPS DBI : -$0.17 BOOT : $7.35
PS Ratio DBI : 0.16 BOOT : 2.31
PB Ratio DBI : 1.60 BOOT : 3.94
Total Revenue (TTM) DBI : $2.89B BOOT : $2.25B
Gross Profit (TTM) DBI : $1.26B BOOT : $858.36M
EBITDA (TTM) DBI : $92.04M BOOT : $358.43M

Return for Risk

DBI vs. BOOT — Risk / Return Rank

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

DBI

DBI Risk / Return Rank: 85
DBI Sharpe Ratio Rank: 86
DBI Sortino Ratio Rank: 85
DBI Omega Ratio Rank: 82
DBI Calmar Ratio Rank: 87
DBI Martin Ratio Rank: 83

BOOT

BOOT Risk / Return Rank: 44
BOOT Sharpe Ratio Rank: 45
BOOT Sortino Ratio Rank: 43
BOOT Omega Ratio Rank: 40
BOOT Calmar Ratio Rank: 45
BOOT Martin Ratio Rank: 46

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.

DBI vs. BOOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Designer Brands Inc. (DBI) 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.

	DBI	BOOT	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.12	+1.69
Sortino ratio: Return per unit of downside risk	2.69	0.50	+2.19
Omega ratio: Gain probability vs. loss probability	1.33	1.06	+0.27
Calmar ratio: Return relative to maximum drawdown	3.92	0.15	+3.78
Martin ratio: Return relative to average drawdown	7.76	0.38	+7.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBI vs. BOOT - Sharpe Ratio Comparison

The current DBI Sharpe Ratio is 1.81, which is higher than the BOOT Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of DBI 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

	DBI	BOOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	0.12	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.37	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	0.62	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.35	-0.33

Drawdowns

DBI vs. BOOT - Drawdown Comparison

The maximum DBI drawdown since its inception was -93.49%, which is greater than BOOT's maximum drawdown of -83.73%. Use the drawdown chart below to compare losses from any high point for DBI and BOOT.

Drawdown Indicators

	DBI	BOOT	Difference
Max Drawdown Largest peak-to-trough decline	-93.49%	-83.73%	-9.76%
Max Drawdown (1Y) Largest decline over 1 year	-41.88%	-35.01%	-6.87%
Max Drawdown (3Y) Largest decline over 3 years	-81.72%	-48.93%	-32.79%
Max Drawdown (5Y) Largest decline over 5 years	-87.22%	-60.62%	-26.60%
Max Drawdown (10Y) Largest decline over 10 years	-92.29%	-77.88%	-14.41%
Current Drawdown Current decline from peak	-72.37%	-18.67%	-53.70%
Average Drawdown Average peak-to-trough decline	-45.40%	-32.34%	-13.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.13%	13.60%	+7.53%

Volatility

DBI vs. BOOT - Volatility Comparison

Designer Brands Inc. (DBI) has a higher volatility of 17.49% compared to Boot Barn Holdings, Inc. (BOOT) at 15.74%. This indicates that DBI's price experiences larger fluctuations and is considered to be riskier than BOOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBI	BOOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.49%	15.74%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	62.30%	32.56%	+29.74%
Volatility (1Y) Calculated over the trailing 1-year period	90.61%	42.75%	+47.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.30%	49.76%	+22.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.49%	57.02%	+18.47%

Dividends

DBI vs. BOOT - Dividend Comparison

DBI's dividend yield for the trailing twelve months is around 2.20%, while BOOT has not paid dividends to shareholders.

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%
DBI Designer Brands Inc.	2.20%	2.69%	3.75%	2.26%	2.04%	0.00%	1.31%	6.35%	4.05%	3.74%	3.53%	3.35%

Financials

DBI vs. BOOT - Profitability Comparison

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

DBI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Designer Brands Inc. reported a gross profit of 302.71M and revenue of 713.59M. Therefore, the gross margin over that period was 42.4%.

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%.

DBI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Designer Brands Inc. reported an operating income of -14.22M and revenue of 713.59M, resulting in an operating margin of -2.0%.

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%.

DBI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Designer Brands Inc. reported a net income of -19.99M and revenue of 713.59M, resulting in a net margin of -2.8%.

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 DBI and BOOT in my portfolio?

DBI and BOOT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBI or BOOT?

DBI has higher volatility (17.49%) compared to BOOT (15.74%). In terms of maximum drawdown, DBI dropped -93.49% vs BOOT's -83.73%.

Which has better risk-adjusted returns?

DBI currently has the higher Sharpe Ratio (1.81 vs 0.12), 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.