SPWH vs. VSTO

Last updated Jun 5, 2026

SPWH (Sportsman's Warehouse Holdings, Inc.) and VSTO (Vista Outdoor Inc.) are both stocks. Both are in the Consumer Cyclical sector — SPWH in Specialty Retail, VSTO in Leisure. At a 0.27 correlation, their price movements are largely independent.

Performance

SPWH vs. VSTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sportsman's Warehouse Holdings, Inc. (SPWH) and Vista Outdoor Inc. (VSTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPWH

• 1D: -3.45%
• 1M: 6.06%
• YTD: -4.11%
• 6M: -42.86%
• 1Y: -45.74%
• 3Y*: -32.88%
• 5Y*: -39.94%
• 10Y*: -16.10%

VSTO

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

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

SPWH vs. VSTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPWH Sportsman's Warehouse Holdings, Inc.	-4.11%	-45.32%	-37.32%	-54.73%	-20.25%	-32.76%	118.56%	83.33%	-33.74%	-29.61%
VSTO Vista Outdoor Inc.	0.00%	0.00%	50.93%	21.34%	-47.10%	93.90%	217.65%	-34.10%	-22.10%	-60.51%

Correlation

The correlation between SPWH and VSTO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 11, 2015	0.27

The correlation between SPWH and VSTO shifts across timeframes, from 0.12 (3 years) to 0.27 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) SPWH : $1.22B VSTO : $2.69B
Gross Profit (TTM) SPWH : $373.66M VSTO : $845.91M
EBITDA (TTM) SPWH : -$6.61M VSTO : $112.08M

Return for Risk

SPWH vs. VSTO — Risk / Return Rank

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

SPWH

SPWH Risk / Return Rank: 20
SPWH Sharpe Ratio Rank: 16
SPWH Sortino Ratio Rank: 19
SPWH Omega Ratio Rank: 20
SPWH Calmar Ratio Rank: 19
SPWH Martin Ratio Rank: 24

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.

SPWH vs. VSTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sportsman's Warehouse Holdings, Inc. (SPWH) and Vista Outdoor Inc. (VSTO). 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.

	SPWH	VSTO	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	—	—
Sortino ratio: Return per unit of downside risk	-0.55	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.63	—	—
Martin ratio: Return relative to average drawdown	-0.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPWH	VSTO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	—	—

Drawdowns

Drawdown Indicators

	SPWH	VSTO	Difference
Max Drawdown Largest peak-to-trough decline	-94.69%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-72.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-84.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-94.69%	—	—
Current Drawdown Current decline from peak	-92.20%	—	—
Average Drawdown Average peak-to-trough decline	-50.14%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	51.72%	—	—

Volatility

Volatility by Period

	SPWH	VSTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	58.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	80.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.52%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.49%	—	—

Dividends

SPWH vs. VSTO - Dividend Comparison

Neither SPWH nor VSTO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SPWH and VSTO in my portfolio?

SPWH and VSTO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.