AXP vs BAC: Correlation
Measured on weekly returns over the past three years, American Express (AXP) and Bank of America (BAC) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and BAC?
Over the past 3 years, AXP and BAC moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 532.3 %².
Few assets follow AXP as closely as BAC, which ranks #3 of 35 tracked partners. Correlation aside, the last 12 months split them widely, with BAC ahead by 19.4 points (+4.7% versus +24.1%). On a rolling one-year basis the correlation drifted between 0.62 and 0.90, a moderate band.
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.
AXP vs BAC: side by side
| AXP (American Express) | BAC (Bank of America) | |
|---|---|---|
| 1-year return | +4.7% | +24.1% |
| 5-year return | +116.2% | +66.0% |
| Volatility (ann.) | 26.6% | 26.5% |
| Beta vs S&P 500 | 1.20 | 1.11 |
| Max drawdown (3Y) | -28.8% | -27.5% |
| Market cap | $225.7B | $427.7B |
| P/E (trailing) | 20.4 | 14.1 |
| Dividend yield | 1.05% | 1.80% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AXP | BAC |
|---|---|---|
| 2022 | -8.5% | -23.8% |
| 2023 | +28.7% | +4.8% |
| 2024 | +60.3% | +33.9% |
| 2025 | +26.0% | +28.0% |
| 2026 | -8.9% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and BAC good diversifiers for each other?
To a limited degree. At 0.76 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 AXP and BAC?
As of 2026-08-27, the correlation of weekly returns between AXP and BAC is 0.76 over 3 years, 0.67 over 1 year and 0.72 over 5 years.
Is BAC a good diversifier for AXP?
To a limited degree. At 0.76 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 0.76 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/axp-vs-bac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-bac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · BAC correlations
