AEO vs DLTH: Correlation
American Eagle Outfitters, Inc. (AEO) and Duluth Holdings Inc. (DLTH) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEO and DLTH?
Across a 3-year window, the weekly returns of AEO and DLTH correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 1734.2 %².
By 3-year correlation, DLTH places #7 of the 14 assets tracked against AEO. The last year tells two different stories: DLTH led by 32.6 percentage points, +29.7% for AEO against +62.3% for DLTH.
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 DLTH: side by side
| AEO (American Eagle Outfitters, Inc.) | DLTH (Duluth Holdings Inc.) | |
|---|---|---|
| 1-year return | +29.7% | +62.3% |
| 5-year return | -39.1% | -76.9% |
| Volatility (ann.) | 54.2% | 69.4% |
| Beta vs S&P 500 | 1.21 | 0.64 |
| Max drawdown (3Y) | -63.1% | -77.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEO | DLTH |
|---|---|---|
| 2022 | -43.4% | -59.3% |
| 2023 | +54.9% | -12.9% |
| 2024 | -19.3% | -42.6% |
| 2025 | +64.7% | -32.7% |
| 2026 | -35.5% | +77.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEO and DLTH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AEO and DLTH?
As of 2026-08-27, the correlation of weekly returns between AEO and DLTH is 0.46 over 3 years, 0.53 over 1 year and 0.43 over 5 years.
Is DLTH a good diversifier for AEO?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeo-vs-dlth.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeo-vs-dlth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEO correlations · DLTH correlations
