AXP vs SYF: Correlation
American Express (AXP) and Synchrony Financial (SYF) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and SYF?
Over the past 3 years, AXP and SYF moved with a correlation of 0.74, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.74 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 621.4 %².
Among the 35 assets we track against AXP, SYF ranks #5 by 3-year correlation. Neither side won the trailing year by much: +4.7% against +7.3%. The rolling one-year correlation moved between 0.57 and 0.88 over the past three years, a moderate range.
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 SYF: side by side
| AXP (American Express) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | +4.7% | +7.3% |
| 5-year return | +116.2% | +81.0% |
| Volatility (ann.) | 26.6% | 31.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -28.8% | -37.7% |
| Market cap | $225.7B | $26.0B |
| P/E (trailing) | 20.4 | 8.2 |
| Dividend yield | 1.05% | 1.50% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AXP | SYF |
|---|---|---|
| 2022 | -8.5% | -27.4% |
| 2023 | +28.7% | +19.8% |
| 2024 | +60.3% | +74.0% |
| 2025 | +26.0% | +30.6% |
| 2026 | -8.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and SYF good diversifiers for each other?
Only partially. A correlation of 0.74 means AXP and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AXP and SYF?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.70 over the last year and 0.72 over 5 years.
Is SYF a good diversifier for AXP?
Only partially. A correlation of 0.74 means AXP and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axp-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · SYF correlations
