AXP vs XWEL: Correlation
Measured on weekly returns over the past three years, American Express (AXP) and XWELL, Inc. (XWEL) 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 XWEL?
On 3 years of weekly data the AXP/XWEL correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.18). The 5-year figure is -0.05, and annualized covariance runs at -894.6 %².
Within AXP's tracked universe of 35 assets, XWEL comes in at #28 by 3-year correlation. Over the last 12 months AXP came out ahead by 12.2 percentage points (+4.7% against -7.5%). Note the risk asymmetry: XWEL runs 7.1 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 XWEL: side by side
| AXP (American Express) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +4.7% | -7.5% |
| 5-year return | +116.2% | -97.2% |
| Volatility (ann.) | 26.6% | 188.4% |
| Beta vs S&P 500 | 1.20 | 0.41 |
| Max drawdown (3Y) | -28.8% | -92.8% |
| 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 | XWEL |
|---|---|---|
| 2022 | -8.5% | -82.2% |
| 2023 | +28.7% | -75.8% |
| 2024 | +60.3% | -13.2% |
| 2025 | +26.0% | -69.5% |
| 2026 | -8.9% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and XWEL good diversifiers for each other?
Yes. With a correlation of -0.18, AXP and XWEL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AXP and XWEL?
As of 2026-08-27, the correlation of weekly returns between AXP and XWEL is -0.18 over 3 years, -0.41 over 1 year and -0.05 over 5 years.
Is XWEL a good diversifier for AXP?
Yes. With a correlation of -0.18, AXP and XWEL 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-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXP correlations · XWEL correlations
