diff --git a/RELEASES.md b/RELEASES.md
index 367fbe3f..36c3eb02 100644
--- a/RELEASES.md
+++ b/RELEASES.md
@@ -6,6 +6,7 @@
 - Register types in the reflection system.
 - added support in `ActionDiff` for value and axis_pair changes
 - Added `InputMap::Clear`.
+- Fixed [a bug](https://github.com/Leafwing-Studios/leafwing-input-manager/issues/430) related to incorrect axis data in `Chord` when not all buttons are pressed.
 
 ## Version 0.11.2
 
diff --git a/src/input_map.rs b/src/input_map.rs
index 6623cf24..62c39b33 100644
--- a/src/input_map.rs
+++ b/src/input_map.rs
@@ -373,16 +373,20 @@ impl<A: Actionlike> InputMap<A> {
             for input in input_vec {
                 let action = &mut action_data[action.index()];
 
-                // Merge axis pair into action data
-                let axis_pair = input_streams.input_axis_pair(input);
-                if let Some(axis_pair) = axis_pair {
-                    if let Some(current_axis_pair) = &mut action.axis_pair {
-                        *current_axis_pair = current_axis_pair.merged_with(axis_pair);
-                    } else {
-                        action.axis_pair = Some(axis_pair);
+                // Exclude chord combining both button-like and axis-like inputs unless all buttons are pressed.
+                if let UserInput::Chord(buttons) = input {
+                    if input_streams.all_buttons_pressed(buttons) {
+                        inputs.push(input.clone());
+
+                        action.value += input_streams.input_value(input, true);
+
+                        merge_axis_pair_into_action(action, input_streams, input);
                     }
+                    continue;
                 }
 
+                merge_axis_pair_into_action(action, input_streams, input);
+
                 if input_streams.input_pressed(input) {
                     inputs.push(input.clone());
 
@@ -402,6 +406,22 @@ impl<A: Actionlike> InputMap<A> {
     }
 }
 
+/// Merges axis pair into action data.
+#[inline]
+fn merge_axis_pair_into_action(
+    action: &mut ActionData,
+    input_streams: &InputStreams,
+    input: &UserInput,
+) {
+    if let Some(axis_pair) = input_streams.input_axis_pair(input) {
+        if let Some(current_axis_pair) = &mut action.axis_pair {
+            *current_axis_pair = current_axis_pair.merged_with(axis_pair);
+        } else {
+            action.axis_pair = Some(axis_pair);
+        }
+    }
+}
+
 // Utilities
 impl<A: Actionlike> InputMap<A> {
     /// Returns an iterator over actions with their inputs