DECK vs. HSY
DECK (Deckers Outdoor Corporation) and HSY (The Hershey Company) are both stocks. DECK operates in Footwear & Accessories (Consumer Cyclical), while HSY operates in Confectioners (Consumer Defensive). Over the past 10 years, DECK returned 28.83%/yr vs 9.11%/yr for HSY. At a 0.13 correlation, their price movements are largely independent.
Performance
DECK vs. HSY - Performance Comparison
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Returns By Period
In the year-to-date period, DECK achieves a 9.80% return, which is significantly higher than HSY's 1.25% return. Over the past 10 years, DECK has outperformed HSY with an annualized return of 28.83%, while HSY has yielded a comparatively lower 9.11% annualized return.
DECK
- 1D
- -0.47%
- 1M
- 21.67%
- YTD
- 9.80%
- 6M
- 12.50%
- 1Y
- 12.17%
- 3Y*
- 11.65%
- 5Y*
- 15.35%
- 10Y*
- 28.83%
HSY
- 1D
- 0.45%
- 1M
- -2.85%
- YTD
- 1.25%
- 6M
- 1.34%
- 1Y
- 10.63%
- 3Y*
- -8.39%
- 5Y*
- 3.29%
- 10Y*
- 9.11%
DECK vs. HSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DECK Deckers Outdoor Corporation | 9.80% | -48.95% | 82.30% | 67.46% | 8.97% | 27.73% | 69.83% | 31.97% | 59.44% | 44.88% |
HSY The Hershey Company | 1.25% | 10.98% | -6.51% | -17.88% | 21.86% | 29.58% | 5.90% | 40.20% | -2.92% | 12.33% |
Correlation
The correlation between DECK and HSY is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 1993 | 0.13 |
The correlation between DECK and HSY shifts across timeframes, from 0.06 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
DECK:
$16.11B
HSY:
$37.11B
DECK:
$6.98
HSY:
$5.38
DECK:
16.31
HSY:
33.80
DECK:
3.05
HSY:
3.08
DECK:
6.44
HSY:
7.84
DECK:
$5.47B
HSY:
$11.99B
DECK:
$3.16B
HSY:
$4.17B
DECK:
$1.31B
HSY:
$2.04B
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Return for Risk
DECK vs. HSY — Risk / Return Rank
DECK
HSY
DECK vs. HSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deckers Outdoor Corporation (DECK) and The Hershey Company (HSY). 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.
| DECK | HSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.35 | -0.19 |
| Martin ratioReturn relative to average drawdown | 0.34 | 0.87 | -0.53 |
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Drawdowns
DECK vs. HSY - Drawdown Comparison
The maximum DECK drawdown since its inception was -94.36%, which is greater than HSY's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for DECK and HSY.
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Drawdown Indicators
| DECK | HSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -49.15% | -45.21% |
Max Drawdown (1Y)Largest decline over 1 year | -35.81% | -25.01% | -10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -64.35% | -42.19% | -22.16% |
Max Drawdown (5Y)Largest decline over 5 years | -64.35% | -45.25% | -19.10% |
Max Drawdown (10Y)Largest decline over 10 years | -64.35% | -45.25% | -19.10% |
Current DrawdownCurrent decline from peak | -48.98% | -28.02% | -20.96% |
Average DrawdownAverage peak-to-trough decline | -40.35% | -13.10% | -27.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.87% | 10.00% | +6.87% |
Volatility
DECK vs. HSY - Volatility Comparison
Deckers Outdoor Corporation (DECK) has a higher volatility of 10.35% compared to The Hershey Company (HSY) at 9.48%. This indicates that DECK's price experiences larger fluctuations and is considered to be riskier than HSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DECK | HSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 9.48% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 31.08% | 20.08% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.42% | 27.49% | +17.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.98% | 22.77% | +21.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.47% | 23.44% | +19.03% |
Dividends
DECK vs. HSY - Dividend Comparison
DECK has not paid dividends to shareholders, while HSY's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DECK Deckers Outdoor Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HSY The Hershey Company | 3.11% | 3.01% | 3.24% | 2.39% | 1.67% | 1.76% | 2.07% | 2.03% | 2.57% | 2.24% | 2.32% | 2.50% |
Financials
DECK vs. HSY - Financials Comparison
This section allows you to compare key financial metrics between Deckers Outdoor Corporation and The Hershey Company. 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
DECK vs. HSY - Profitability Comparison
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%.
HSY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a gross profit of 1.22B and revenue of 3.10B. Therefore, the gross margin over that period was 39.4%.
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%.
HSY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported an operating income of 640.69M and revenue of 3.10B, resulting in an operating margin of 20.6%.
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%.
HSY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Hershey Company reported a net income of 435.11M and revenue of 3.10B, resulting in a net margin of 14.0%.
Frequently Asked Questions
DECK and HSY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DECK has higher volatility (10.35%) compared to HSY (9.48%). In terms of maximum drawdown, DECK dropped -94.36% vs HSY's -49.15%.
HSY currently has the higher Sharpe Ratio (0.32 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.
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