AXON vs SEB: Correlation
How closely do Axon Enterprise (AXON) and Seaboard Corporation (SEB) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and SEB?
On 3 years of weekly data the AXON/SEB correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.18). The 5-year figure is -0.05, and annualized covariance runs at -340.3 %².
Among the 35 assets we track against AXON, SEB ranks #26 by 3-year correlation. The last year tells two different stories: SEB led by 25.4 percentage points, -20.6% for AXON against +4.8% for SEB. Risk is not evenly split, since AXON carries 1.8 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.
AXON vs SEB: side by side
| AXON (Axon Enterprise) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | -20.6% | +4.8% |
| 5-year return | +216.9% | -4.5% |
| Volatility (ann.) | 57.4% | 32.8% |
| Beta vs S&P 500 | 1.51 | -0.07 |
| Max drawdown (3Y) | -60.3% | -37.7% |
| Market cap | $49.7B | $3.8B |
| P/E (trailing) | 250.5 | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AXON | SEB |
|---|---|---|
| 2022 | +5.7% | -3.8% |
| 2023 | +55.7% | -5.2% |
| 2024 | +130.1% | -31.7% |
| 2025 | -4.4% | +83.5% |
| 2026 | +7.6% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and SEB good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AXON and SEB?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.30 over the last year and -0.05 over 5 years.
Is SEB a good diversifier for AXON?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/axon-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axon-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXON correlations · SEB correlations
