AEO vs SHOE: Correlation
Measured on weekly returns over the past three years, American Eagle Outfitters, Inc. (AEO) and Shoe Station Group, Inc. (SHOE) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEO and SHOE?
On 3 years of weekly data the AEO/SHOE correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 1281.6 %².
Few assets follow AEO as closely as SHOE, which ranks #1 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with AEO ahead by 64.4 points (+29.7% versus -34.7%).
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 SHOE: side by side
| AEO (American Eagle Outfitters, Inc.) | SHOE (Shoe Station Group, Inc.) | |
|---|---|---|
| 1-year return | +29.7% | -34.7% |
| 5-year return | -39.1% | -59.3% |
| Volatility (ann.) | 54.2% | 43.2% |
| Beta vs S&P 500 | 1.21 | 1.24 |
| Max drawdown (3Y) | -63.1% | -68.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | 10.5 | 10.3 |
| Dividend yield | 2.84% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEO | SHOE |
|---|---|---|
| 2022 | -43.4% | -38.0% |
| 2023 | +54.9% | +28.5% |
| 2024 | -19.3% | +11.2% |
| 2025 | +64.7% | -47.6% |
| 2026 | -35.5% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEO and SHOE good diversifiers for each other?
Only partially. A correlation of 0.55 means AEO and SHOE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AEO and SHOE?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.61 over the last year and 0.55 over 5 years.
Is SHOE a good diversifier for AEO?
Only partially. A correlation of 0.55 means AEO and SHOE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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-shoe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeo-vs-shoe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEO correlations · SHOE correlations
