NKE vs. SKX

Last updated Jun 13, 2026

NKE (NIKE, Inc.) and SKX (Skechers U.S.A., Inc.) are both stocks. Both operate in the Footwear & Accessories industry within the Consumer Cyclical sector. At a 0.40 correlation, their price movements are largely independent.

Performance

NKE vs. SKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NIKE, Inc. (NKE) and Skechers U.S.A., Inc. (SKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NKE

• 1D: -2.24%
• 1M: 8.24%
• YTD: -28.37%
• 6M: -32.37%
• 1Y: -23.74%
• 3Y*: -23.49%
• 5Y*: -18.04%
• 10Y*: -0.48%

SKX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NKE vs. SKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NKE NIKE, Inc.	-28.37%	-13.83%	-29.11%	-6.01%	-29.04%	18.70%	40.97%	38.09%	19.87%	24.70%
SKX Skechers U.S.A., Inc.	0.00%	-6.11%	7.86%	48.61%	-3.34%	20.76%	-16.79%	88.69%	-39.51%	53.95%

Correlation

The correlation between NKE and SKX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 9, 1999	0.40

Over the past year, the correlation between NKE and SKX has dropped to 0.14 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Fundamentals

Market Cap NKE : $66.51B SKX : $9.55B
EPS NKE : $1.52 SKX : $4.40
PE Ratio NKE : 29.55 SKX : 14.35
PS Ratio NKE : 1.43 SKX : 1.01
PB Ratio NKE : 4.72 SKX : 2.00
Total Revenue (TTM) NKE : $46.52B SKX : $9.41B
Gross Profit (TTM) NKE : $18.99B SKX : $4.96B
EBITDA (TTM) NKE : $3.33B SKX : $1.07B

Return for Risk

NKE vs. SKX — Risk / Return Rank

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

NKE

NKE Risk / Return Rank: 17
NKE Sharpe Ratio Rank: 13
NKE Sortino Ratio Rank: 15
NKE Omega Ratio Rank: 15
NKE Calmar Ratio Rank: 22
NKE Martin Ratio Rank: 20

SKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NKE vs. SKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) and Skechers U.S.A., Inc. (SKX). 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.

	NKE	SKX	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	—	—
Sortino ratio: Return per unit of downside risk	-0.84	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.58	—	—
Martin ratio: Return relative to average drawdown	-1.09	—	—

Drawdowns

Drawdown Indicators

	NKE	SKX	Difference
Max Drawdown Largest peak-to-trough decline	-75.19%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-46.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-64.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.64%	—	—
Current Drawdown Current decline from peak	-72.55%	—	—
Average Drawdown Average peak-to-trough decline	-20.93%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	24.38%	—	—

Volatility

Volatility by Period

	NKE	SKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.48%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.29%	—	—

Dividends

NKE vs. SKX - Dividend Comparison

NKE's dividend yield for the trailing twelve months is around 3.63%, while SKX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NKE NIKE, Inc.	3.63%	2.53%	2.00%	1.28%	1.07%	0.68%	0.71%	0.89%	1.11%	1.18%	1.30%	0.93%
SKX Skechers U.S.A., 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%

Financials

NKE vs. SKX - Profitability Comparison

The chart below illustrates the profitability comparison between NIKE, Inc. and Skechers U.S.A., Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.

SKX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Skechers U.S.A., Inc. reported a gross profit of 1.30B and revenue of 2.44B. Therefore, the gross margin over that period was 53.3%.

NKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.

SKX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Skechers U.S.A., Inc. reported an operating income of 173.08M and revenue of 2.44B, resulting in an operating margin of 7.1%.

NKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.

SKX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Skechers U.S.A., Inc. reported a net income of 170.50M and revenue of 2.44B, resulting in a net margin of 7.0%.

Frequently Asked Questions

Can I hold both NKE and SKX in my portfolio?

NKE and SKX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.