SKT vs. COST
SKT (Tanger Factory Outlet Centers, Inc.) and COST (Costco Wholesale Corporation) are both stocks. SKT operates in REIT - Retail (Real Estate), while COST operates in Discount Stores (Consumer Defensive). Over the past 10 years, SKT returned 6.14%/yr vs 21.98%/yr for COST. At a 0.24 correlation, their price movements are largely independent.
Performance
SKT vs. COST - Performance Comparison
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Returns By Period
In the year-to-date period, SKT achieves a 22.04% return, which is significantly higher than COST's 11.37% return. Over the past 10 years, SKT has underperformed COST with an annualized return of 6.14%, while COST has yielded a comparatively higher 21.98% annualized return.
SKT
- 1D
- 1.83%
- 1M
- 12.73%
- YTD
- 22.04%
- 6M
- 19.57%
- 1Y
- 35.60%
- 3Y*
- 29.82%
- 5Y*
- 22.10%
- 10Y*
- 6.14%
COST
- 1D
- 0.67%
- 1M
- -6.86%
- YTD
- 11.37%
- 6M
- 12.35%
- 1Y
- -4.12%
- 3Y*
- 23.87%
- 5Y*
- 20.85%
- 10Y*
- 21.98%
SKT vs. COST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKT Tanger Factory Outlet Centers, Inc. | 22.04% | 1.39% | 27.71% | 62.06% | 2.68% | 101.59% | -27.28% | -21.33% | -18.99% | -22.30% |
COST Costco Wholesale Corporation | 11.37% | -5.39% | 39.62% | 49.00% | -19.05% | 51.82% | 32.67% | 45.70% | 10.60% | 22.37% |
Correlation
The correlation between SKT and COST is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 1993 | 0.24 |
The correlation between SKT and COST shifts across timeframes, from 0.07 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SKT:
$1.44
COST:
$26.51
SKT:
27.73
COST:
36.13
SKT:
0.13
COST:
2.82
SKT:
5.76
COST:
1.09
SKT:
$596.62M
COST:
$293.59B
SKT:
$334.96M
COST:
$11.12B
SKT:
$387.37M
COST:
$12.48B
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Return for Risk
SKT vs. COST — Risk / Return Rank
SKT
COST
SKT vs. COST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tanger Factory Outlet Centers, Inc. (SKT) and Costco Wholesale Corporation (COST). 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.
| SKT | COST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.98 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.28 | +3.74 |
| Martin ratioReturn relative to average drawdown | 8.73 | -0.61 | +9.34 |
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Drawdowns
SKT vs. COST - Drawdown Comparison
The maximum SKT drawdown since its inception was -87.32%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for SKT and COST.
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Drawdown Indicators
| SKT | COST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.32% | -53.39% | -33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -14.93% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -20.74% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -31.16% | -31.40% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -87.32% | -31.40% | -55.92% |
Current DrawdownCurrent decline from peak | -1.45% | -12.49% | +11.04% |
Average DrawdownAverage peak-to-trough decline | -16.31% | -13.36% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 6.90% | -2.81% |
Volatility
SKT vs. COST - Volatility Comparison
Tanger Factory Outlet Centers, Inc. (SKT) has a higher volatility of 9.34% compared to Costco Wholesale Corporation (COST) at 6.38%. This indicates that SKT's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKT | COST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 6.38% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 14.49% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 18.93% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.07% | 22.73% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.41% | 21.97% | +20.44% |
Dividends
SKT vs. COST - Dividend Comparison
SKT's dividend yield for the trailing twelve months is around 2.97%, more than COST's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.56% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
SKT Tanger Factory Outlet Centers, Inc. | 2.97% | 3.45% | 3.18% | 3.50% | 8.93% | 3.71% | 7.15% | 9.61% | 6.89% | 5.10% | 3.52% | 3.99% |
Financials
SKT vs. COST - Financials Comparison
This section allows you to compare key financial metrics between Tanger Factory Outlet Centers, Inc. and Costco Wholesale Corporation. 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
SKT vs. COST - Profitability Comparison
SKT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tanger Factory Outlet Centers, Inc. reported a gross profit of 103.68M and revenue of 150.42M. Therefore, the gross margin over that period was 68.9%.
COST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a gross profit of -17.68B and revenue of 70.53B. Therefore, the gross margin over that period was -25.1%.
SKT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tanger Factory Outlet Centers, Inc. reported an operating income of 83.60M and revenue of 150.42M, resulting in an operating margin of 55.6%.
COST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported an operating income of 2.82B and revenue of 70.53B, resulting in an operating margin of 4.0%.
SKT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tanger Factory Outlet Centers, Inc. reported a net income of 28.26M and revenue of 150.42M, resulting in a net margin of 18.8%.
COST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a net income of 2.19B and revenue of 70.53B, resulting in a net margin of 3.1%.
Frequently Asked Questions
SKT and COST have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKT has higher volatility (9.34%) compared to COST (6.38%). In terms of maximum drawdown, SKT dropped -87.32% vs COST's -53.39%.
SKT currently has the higher Sharpe Ratio (1.61 vs -0.22), 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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