ANF vs QUAL: Correlation
How closely do Abercrombie & Fitch Company (ANF) and iShares MSCI USA Quality Factor ETF (QUAL) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANF and QUAL?
Across a 3-year window, the weekly returns of ANF and QUAL correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 327.2 %².
By 3-year correlation, QUAL places #6 of the 12 assets tracked against ANF. Correlation aside, the last 12 months split them widely, with ANF ahead by 33.1 points (+52.8% versus +19.7%). Note the risk asymmetry: ANF runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ANF vs QUAL: side by side
| ANF (Abercrombie & Fitch Company) | QUAL (iShares MSCI USA Quality Factor ETF) | |
|---|---|---|
| 1-year return | +52.8% | +19.7% |
| 5-year return | +299.1% | +68.0% |
| Volatility (ann.) | 57.9% | 14.0% |
| Beta vs S&P 500 | 1.47 | 0.93 |
| Max drawdown (3Y) | -65.9% | -18.0% |
| Market cap | $6.5B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 0.00% | 0.86% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $46.5B |
| Sector / category | US Listed | ETF · US Style |
QUAL, iShares's Large Blend fund, carries $46.5B under management, 123 holdings, a 0.15% expense ratio, a 0.86% trailing dividend yield.
Year-by-year returns
| Year | ANF | QUAL |
|---|---|---|
| 2022 | -34.2% | -20.5% |
| 2023 | +285.1% | +30.9% |
| 2024 | +69.4% | +22.3% |
| 2025 | -15.8% | +12.7% |
| 2026 | +15.8% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANF and QUAL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANF and QUAL?
As of 2026-08-27, the correlation of weekly returns between ANF and QUAL is 0.40 over 3 years, 0.39 over 1 year and 0.38 over 5 years.
Is QUAL a good diversifier for ANF?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/anf-vs-qual.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anf-vs-qual/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANF correlations · QUAL correlations
