AX vs STGW: Correlation
Measured on weekly returns over the past three years, Axos Financial, Inc. (AX) and Stagwell Inc. (STGW) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AX and STGW?
Across a 3-year window, the weekly returns of AX and STGW correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.46, with an annualized covariance of 944.9 %².
By 3-year correlation, STGW places #7 of the 15 assets tracked against AX. The last year tells two different stories: STGW led by 53.6 percentage points, +5.5% for AX against +59.1% for STGW.
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 STGW: side by side
| AX (Axos Financial, Inc.) | STGW (Stagwell Inc.) | |
|---|---|---|
| 1-year return | +5.5% | +59.1% |
| 5-year return | +99.7% | +30.4% |
| Volatility (ann.) | 38.3% | 49.1% |
| Beta vs S&P 500 | 1.12 | 1.28 |
| Max drawdown (3Y) | -34.9% | -48.6% |
| Market cap | $5.5B | $2.2B |
| P/E (trailing) | 11.6 | 148.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AX | STGW |
|---|---|---|
| 2022 | -31.6% | -28.4% |
| 2023 | +42.9% | +6.8% |
| 2024 | +27.9% | -0.8% |
| 2025 | +23.4% | -25.7% |
| 2026 | +13.0% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AX and STGW good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AX and STGW?
As of 2026-08-27, the correlation of weekly returns between AX and STGW is 0.50 over 3 years, 0.25 over 1 year and 0.46 over 5 years.
Is STGW a good diversifier for AX?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ax-vs-stgw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ax-vs-stgw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AX correlations · STGW correlations
