AEO vs URBN: Correlation
How closely do American Eagle Outfitters, Inc. (AEO) and Urban Outfitters, Inc. (URBN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEO and URBN?
Over the past 3 years, AEO and URBN moved with a correlation of 0.44, 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 0.48, and the annualized covariance of weekly returns is 1003.2 %².
Among the 14 assets we track against AEO, URBN ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AEO ahead by 28.7 points (+29.7% versus +1.0%).
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 URBN: side by side
| AEO (American Eagle Outfitters, Inc.) | URBN (Urban Outfitters, Inc.) | |
|---|---|---|
| 1-year return | +29.7% | +1.0% |
| 5-year return | -39.1% | +132.0% |
| Volatility (ann.) | 54.2% | 41.9% |
| Beta vs S&P 500 | 1.21 | 1.09 |
| Max drawdown (3Y) | -63.1% | -28.5% |
| Market cap | – | $6.7B |
| P/E (trailing) | 10.5 | 15.2 |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEO | URBN |
|---|---|---|
| 2022 | -43.4% | -18.8% |
| 2023 | +54.9% | +49.6% |
| 2024 | -19.3% | +53.8% |
| 2025 | +64.7% | +37.1% |
| 2026 | -35.5% | +4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEO and URBN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEO and URBN?
The AEO/URBN correlation stands at 0.44 on a 3-year window (1 year: 0.49, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is URBN a good diversifier for AEO?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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-urbn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeo-vs-urbn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEO correlations · URBN correlations
