PEP vs. SKX

Last updated Jun 13, 2026

PEP (PepsiCo, Inc.) and SKX (Skechers U.S.A., Inc.) are both stocks. PEP operates in Beverages - Non-Alcoholic (Consumer Defensive), while SKX operates in Footwear & Accessories (Consumer Cyclical). At a 0.18 correlation, their price movements are largely independent.

Performance

PEP vs. SKX - Performance Comparison

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

Returns By Period

PEP

• 1D: 0.38%
• 1M: -2.23%
• YTD: 2.49%
• 6M: -2.36%
• 1Y: 14.62%
• 3Y*: -4.09%
• 5Y*: 2.73%
• 10Y*: 6.62%

SKX

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

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

PEP vs. SKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEP PepsiCo, Inc.	2.49%	-1.85%	-7.60%	-3.29%	6.78%	20.56%	11.67%	27.38%	-4.81%	17.82%
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 PEP and SKX 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	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 9, 1999	0.18

The correlation between PEP and SKX shifts across timeframes, from -0.02 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PEP : $197.79B SKX : $9.55B
EPS PEP : $6.37 SKX : $4.40
PE Ratio PEP : 22.64 SKX : 14.35
PEG Ratio PEP : 7.83 SKX : 0.09
PS Ratio PEP : 2.07 SKX : 1.01
PB Ratio PEP : 9.25 SKX : 2.00
Total Revenue (TTM) PEP : $95.45B SKX : $9.41B
Gross Profit (TTM) PEP : $51.60B SKX : $4.96B
EBITDA (TTM) PEP : $15.08B SKX : $1.07B

Return for Risk

PEP vs. SKX — Risk / Return Rank

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

PEP

PEP Risk / Return Rank: 60
PEP Sharpe Ratio Rank: 64
PEP Sortino Ratio Rank: 59
PEP Omega Ratio Rank: 55
PEP Calmar Ratio Rank: 60
PEP Martin Ratio Rank: 63

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.

PEP vs. SKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.

	PEP	SKX	Difference
Sharpe ratio: Return per unit of total volatility	0.62	—	—
Sortino ratio: Return per unit of downside risk	1.11	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.83	—	—
Martin ratio: Return relative to average drawdown	2.11	—	—

Drawdowns

Drawdown Indicators

	PEP	SKX	Difference
Max Drawdown Largest peak-to-trough decline	-73.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.32%	—	—
Current Drawdown Current decline from peak	-17.75%	—	—
Average Drawdown Average peak-to-trough decline	-13.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.37%	—	—

Volatility

Volatility by Period

	PEP	SKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.71%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	—	—

Dividends

PEP vs. SKX - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 3.98%, while SKX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEP PepsiCo, Inc.	3.98%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%
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

PEP vs. SKX - Profitability Comparison

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

PEP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.

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%.

PEP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, resulting in an operating margin of 16.5%.

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%.

PEP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.

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 PEP and SKX in my portfolio?

PEP and SKX 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.