AAL vs LULU: Correlation
How closely do American Airlines Group, Inc. (AAL) and Lululemon Athletica (LULU) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAL and LULU?
Over the past 3 years, AAL and LULU moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 948.0 %².
Among the 22 assets we track against AAL, LULU ranks #8 by 3-year correlation. The last year tells two different stories: AAL led by 48.6 percentage points, +4.5% for AAL against -44.1% for LULU.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AAL vs LULU: side by side
| AAL (American Airlines Group, Inc.) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | +4.5% | -44.1% |
| 5-year return | -29.7% | -72.3% |
| Volatility (ann.) | 45.3% | 41.8% |
| Beta vs S&P 500 | 1.29 | 0.98 |
| Max drawdown (3Y) | -51.4% | -79.4% |
| Market cap | $9.1B | $13.1B |
| P/E (trailing) | – | 9.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AAL | LULU |
|---|---|---|
| 2022 | -29.2% | -18.2% |
| 2023 | +8.0% | +59.6% |
| 2024 | +26.9% | -25.2% |
| 2025 | -12.0% | -45.7% |
| 2026 | -10.5% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAL and LULU good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAL and LULU?
As of 2026-08-27, the correlation of weekly returns between AAL and LULU is 0.50 over 3 years, 0.49 over 1 year and 0.44 over 5 years.
Is LULU a good diversifier for AAL?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aal-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aal-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAL correlations · LULU correlations
