AXP (AXP)
Daily ERM3 factor decomposition: how much of AXP's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $335.39
- Market cap
- $227.4B
- 23-day vol
- 30.5%
- Sector proxy
- XLF
- Subsector proxy
- IYG
Risk DNA
56% of AXP's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 22.5%Sector 33.8%Subsector 0.0%Stock-specific 43.7%
ETF hedge ratios
Dollars of ETF to short per $1 of AXP held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLF) | Subsector (IYG) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.90 | — | — | 22.5% |
| L2 | $-0.19 | $-1.10 | — | 56.4% |
| L3 | $0.00 | $-0.41 | $-0.84 | 56.3% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
Go deeper on AXP
Ask the AI risk analyst for AXP's full history, peer comparison, or how it changes your portfolio's risk.