AEO vs ANF: Correlation
American Eagle Outfitters, Inc. (AEO) and Abercrombie & Fitch Company (ANF) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEO and ANF?
Across a 3-year window, the weekly returns of AEO and ANF correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 1351.6 %².
Within AEO's tracked universe of 14 assets, ANF comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANF outperformed by 23.1 percentage points (+29.7% for AEO against +52.8% for ANF).
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.
AEO vs ANF: side by side
| AEO (American Eagle Outfitters, Inc.) | ANF (Abercrombie & Fitch Company) | |
|---|---|---|
| 1-year return | +29.7% | +52.8% |
| 5-year return | -39.1% | +299.1% |
| Volatility (ann.) | 54.2% | 57.9% |
| Beta vs S&P 500 | 1.21 | 1.47 |
| Max drawdown (3Y) | -63.1% | -65.9% |
| Market cap | – | $6.5B |
| P/E (trailing) | 10.5 | 12.8 |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEO | ANF |
|---|---|---|
| 2022 | -43.4% | -34.2% |
| 2023 | +54.9% | +285.1% |
| 2024 | -19.3% | +69.4% |
| 2025 | +64.7% | -15.8% |
| 2026 | -35.5% | +15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEO and ANF good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEO and ANF?
As of 2026-08-27, the correlation of weekly returns between AEO and ANF is 0.43 over 3 years, 0.43 over 1 year and 0.46 over 5 years.
Is ANF a good diversifier for AEO?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeo-vs-anf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aeo-vs-anf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEO correlations · ANF correlations
