AS vs RL: Correlation
Measured on weekly returns over the past three years, Amer Sports, Inc. (AS) and Ralph Lauren Corporation (RL) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AS and RL?
Over the past 3 years, AS and RL moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 820.1 %².
Few assets follow AS as closely as RL, which ranks #1 of 10 tracked partners. The last year tells two different stories: RL led by 46.4 percentage points, -25.7% for AS against +20.7% for RL.
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.
AS vs RL: side by side
| AS (Amer Sports, Inc.) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | -25.7% | +20.7% |
| 5-year return | n/a | +232.5% |
| Volatility (ann.) | 48.0% | 33.6% |
| Beta vs S&P 500 | 1.18 | 1.07 |
| Max drawdown (3Y) | -40.7% | -36.2% |
| Market cap | – | $21.0B |
| P/E (trailing) | 31.8 | 22.8 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AS | RL |
|---|---|---|
| 2022 | – | -8.4% |
| 2023 | – | +39.8% |
| 2024 | – | +62.9% |
| 2025 | +33.6% | +55.0% |
| 2026 | -18.3% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AS and RL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AS and RL?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.59 over the last year and n/a over 5 years.
Is RL a good diversifier for AS?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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$ curl https://www.pairbook.io/api/v1/pairs/as-vs-rl.json
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Related comparisons
Hubs: AS correlations · RL correlations
