AFJK vs AXIL: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and AXIL Brands, Inc. (AXIL) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and AXIL?
Across a 3-year window, the weekly returns of AFJK and AXIL correlate at 0.39, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.39). Stretching to 5 years gives n/a, with an annualized covariance of 7447.2 %².
By 3-year correlation, AXIL places #7 of the 29 assets tracked against AFJK. The trailing year gives AFJK the advantage: +8.4% versus +2.3%, a 6.1-point spread. Risk is not evenly split, since AFJK carries 2.1 times the volatility of the other side.
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.
AFJK vs AXIL: side by side
| AFJK (Aimei Health Technology Co., Ltd) | AXIL (AXIL Brands, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | +2.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 197.3% | 94.8% |
| Beta vs S&P 500 | 0.18 | 0.78 |
| Max drawdown (3Y) | -86.8% | -74.3% |
| Market cap | – | – |
| P/E (trailing) | 174.3 | 18.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are AFJK and AXIL good diversifiers for each other?
Reasonably. At 0.39, AFJK and AXIL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AFJK and AXIL?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.58 over the last year and n/a over 5 years.
Is AXIL a good diversifier for AFJK?
Reasonably. At 0.39, AFJK and AXIL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/afjk-vs-axil.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afjk-vs-axil/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFJK correlations · AXIL correlations
