AXP vs FFAI: Correlation
American Express (AXP) and Faraday Future Intelligent Electric Inc. (FFAI) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and FFAI?
Over the past 3 years, AXP and FFAI moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.18 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -14104.8 %².
Among the 35 assets we track against AXP, FFAI ranks #27 by 3-year correlation. The trailing year gives AXP the advantage: +4.7% versus -2.1%, a 6.8-point spread. Note the risk asymmetry: FFAI runs 113.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 FFAI: side by side
| AXP (American Express) | FFAI (Faraday Future Intelligent Electric Inc.) | |
|---|---|---|
| 1-year return | +4.7% | -2.1% |
| 5-year return | +116.2% | -100.0% |
| Volatility (ann.) | 26.6% | 3004.8% |
| Beta vs S&P 500 | 1.20 | -1.32 |
| 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 | FFAI |
|---|---|---|
| 2022 | -8.5% | -94.5% |
| 2023 | +28.7% | -99.0% |
| 2024 | +60.3% | -91.2% |
| 2025 | +26.0% | -58.0% |
| 2026 | -8.9% | +128.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and FFAI good diversifiers for each other?
Yes. With a correlation of -0.18, AXP and FFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AXP and FFAI?
As of 2026-08-27, the correlation of weekly returns between AXP and FFAI is -0.18 over 3 years, -0.33 over 1 year and -0.11 over 5 years.
Is FFAI a good diversifier for AXP?
Yes. With a correlation of -0.18, AXP and FFAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/axp-vs-ffai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-ffai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXP correlations · FFAI correlations
