AXP vs FLUT: Correlation
Measured on weekly returns over the past three years, American Express (AXP) and Flutter Entertainment plc (FLUT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and FLUT?
Over the past 3 years, AXP and FLUT moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 545.0 %².
Within AXP's tracked universe of 35 assets, FLUT comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AXP ahead by 73.6 points (+4.7% versus -68.9%). One caveat on sizing: FLUT is 1.6 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 FLUT: side by side
| AXP (American Express) | FLUT (Flutter Entertainment plc) | |
|---|---|---|
| 1-year return | +4.7% | -68.9% |
| 5-year return | +116.2% | -51.0% |
| Volatility (ann.) | 26.6% | 41.7% |
| Beta vs S&P 500 | 1.20 | 1.16 |
| Max drawdown (3Y) | -28.8% | -70.1% |
| Market cap | $225.7B | $16.5B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AXP | FLUT |
|---|---|---|
| 2022 | -8.5% | -14.4% |
| 2023 | +28.7% | +32.8% |
| 2024 | +60.3% | +44.4% |
| 2025 | +26.0% | -16.8% |
| 2026 | -8.9% | -55.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and FLUT good diversifiers for each other?
Reasonably. At 0.49, AXP and FLUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXP and FLUT?
The AXP/FLUT correlation stands at 0.49 on a 3-year window (1 year: 0.51, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is FLUT a good diversifier for AXP?
Reasonably. At 0.49, AXP and FLUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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-flut.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axp-vs-flut/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · FLUT correlations
