AX vs LE: Correlation
How closely do Axos Financial, Inc. (AX) and Lands' End, Inc. (LE) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AX and LE?
On 3 years of weekly data the AX/LE correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.43 over 3. The 5-year figure is 0.38, and annualized covariance runs at 939.4 %².
Among the 15 assets we track against AX, LE ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AX outperformed by 24.6 percentage points (+5.5% for AX against -19.1% for LE).
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.
AX vs LE: side by side
| AX (Axos Financial, Inc.) | LE (Lands' End, Inc.) | |
|---|---|---|
| 1-year return | +5.5% | -19.1% |
| 5-year return | +99.7% | -66.7% |
| Volatility (ann.) | 38.3% | 56.5% |
| Beta vs S&P 500 | 1.12 | 1.15 |
| Max drawdown (3Y) | -34.9% | -61.1% |
| Market cap | $5.5B | $0.4B |
| P/E (trailing) | 11.6 | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AX | LE |
|---|---|---|
| 2022 | -31.6% | -61.3% |
| 2023 | +42.9% | +26.0% |
| 2024 | +27.9% | +37.4% |
| 2025 | +23.4% | +10.5% |
| 2026 | +13.0% | -18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AX and LE good diversifiers for each other?
Reasonably. At 0.43, AX and LE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AX and LE?
As of 2026-08-27, the correlation of weekly returns between AX and LE is 0.43 over 3 years, 0.36 over 1 year and 0.38 over 5 years.
Is LE a good diversifier for AX?
Reasonably. At 0.43, AX and LE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/ax-vs-le.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ax-vs-le/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AX correlations · LE correlations
