AXP vs DBGI: Correlation
Measured on weekly returns over the past three years, American Express (AXP) and Digital Brands Group, Inc. (DBGI) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and DBGI?
Across a 3-year window, the weekly returns of AXP and DBGI correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.18). Stretching to 5 years gives -0.12, with an annualized covariance of -5489.9 %².
Within AXP's tracked universe of 35 assets, DBGI comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AXP ahead by 33.9 points (+4.7% versus -29.2%). One caveat on sizing: DBGI is 42.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 DBGI: side by side
| AXP (American Express) | DBGI (Digital Brands Group, Inc.) | |
|---|---|---|
| 1-year return | +4.7% | -29.2% |
| 5-year return | +116.2% | -100.0% |
| Volatility (ann.) | 26.6% | 1127.2% |
| Beta vs S&P 500 | 1.20 | -1.93 |
| Max drawdown (3Y) | -28.8% | -100.0% |
| Market cap | $225.7B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AXP | DBGI |
|---|---|---|
| 2022 | -8.5% | -98.2% |
| 2023 | +28.7% | -96.9% |
| 2024 | +60.3% | -98.9% |
| 2025 | +26.0% | +610.8% |
| 2026 | -8.9% | -43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and DBGI good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXP and DBGI?
As of 2026-08-27, the correlation of weekly returns between AXP and DBGI is -0.18 over 3 years, -0.31 over 1 year and -0.12 over 5 years.
Is DBGI a good diversifier for AXP?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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-dbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-dbgi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXP correlations · DBGI correlations
