AXIL vs BEAT: Correlation
How closely do AXIL Brands, Inc. (AXIL) and Heartbeam, Inc. (BEAT) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXIL and BEAT?
On 3 years of weekly data the AXIL/BEAT correlation comes out at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.41). The 5-year figure is n/a, and annualized covariance runs at 6176.1 %².
BEAT is one of the assets that tracks AXIL most closely: it ranks #1 out of the 12 assets we track against AXIL. Correlation aside, the last 12 months split them widely, with AXIL ahead by 61.1 points (+2.3% versus -58.8%). Risk is not evenly split, since BEAT carries 1.6 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.
AXIL vs BEAT: side by side
| AXIL (AXIL Brands, Inc.) | BEAT (Heartbeam, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -58.8% |
| 5-year return | n/a | -89.6% |
| Volatility (ann.) | 94.8% | 152.8% |
| Beta vs S&P 500 | 0.78 | 0.65 |
| Max drawdown (3Y) | -74.3% | -86.1% |
| Market cap | – | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXIL | BEAT |
|---|---|---|
| 2022 | – | +58.4% |
| 2023 | – | -51.8% |
| 2024 | – | -2.1% |
| 2025 | +79.5% | +4.3% |
| 2026 | -8.5% | -79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXIL and BEAT good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AXIL and BEAT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.70 over the last year and n/a over 5 years.
Is BEAT a good diversifier for AXIL?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/axil-vs-beat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axil-vs-beat/)
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Related comparisons
Hubs: AXIL correlations · BEAT correlations
