AEO vs BKE: Correlation
How closely do American Eagle Outfitters, Inc. (AEO) and Buckle, Inc. (The) (BKE) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEO and BKE?
Over the past 3 years, AEO and BKE moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 892.9 %².
In AEO's tracked universe of 14 assets, BKE sits right near the top at #3. Correlation aside, the last 12 months split them widely, with AEO ahead by 47.6 points (+29.7% versus -17.9%). One caveat on sizing: AEO is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 BKE: side by side
| AEO (American Eagle Outfitters, Inc.) | BKE (Buckle, Inc. (The)) | |
|---|---|---|
| 1-year return | +29.7% | -17.9% |
| 5-year return | -39.1% | +83.6% |
| Volatility (ann.) | 54.2% | 31.1% |
| Beta vs S&P 500 | 1.21 | 0.85 |
| Max drawdown (3Y) | -63.1% | -33.9% |
| Market cap | – | $2.2B |
| P/E (trailing) | 10.5 | 10.2 |
| Dividend yield | 2.84% | 1.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEO | BKE |
|---|---|---|
| 2022 | -43.4% | +10.9% |
| 2023 | +54.9% | +15.0% |
| 2024 | -19.3% | +17.5% |
| 2025 | +64.7% | +14.0% |
| 2026 | -35.5% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEO and BKE good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AEO and BKE?
As of 2026-08-27, the correlation of weekly returns between AEO and BKE is 0.53 over 3 years, 0.52 over 1 year and 0.57 over 5 years.
Is BKE a good diversifier for AEO?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/aeo-vs-bke.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeo-vs-bke/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEO correlations · BKE correlations
