360.AX vs. XRO.AX

Last updated Jun 5, 2026

360.AX (Life360, Inc.) and XRO.AX (Xero Limited) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, 360.AX returned 29.75%/yr vs -9.08%/yr for XRO.AX. At a 0.42 correlation, their price movements are largely independent.

Performance

360.AX vs. XRO.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Life360, Inc. (360.AX) and Xero Limited (XRO.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 360.AX achieves a -35.40% return, which is significantly lower than XRO.AX's -29.49% return.

360.AX

• 1D: -4.03%
• 1M: 2.75%
• YTD: -35.40%
• 6M: -42.80%
• 1Y: -33.88%
• 3Y*: 47.14%
• 5Y*: 29.75%
• 10Y*: —

XRO.AX

• 1D: -4.19%
• 1M: -6.70%
• YTD: -29.49%
• 6M: -33.50%
• 1Y: -57.43%
• 3Y*: -9.87%
• 5Y*: -9.08%
• 10Y*: 16.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

360.AX vs. XRO.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
360.AX Life360, Inc.	-35.40%	48.76%	198.15%	55.56%	-49.95%	155.53%	20.63%	-40.68%
XRO.AX Xero Limited	-29.49%	-32.36%	50.10%	59.81%	-50.32%	-3.66%	83.53%	45.09%

Correlation

The correlation between 360.AX and XRO.AX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since May 13, 2019	0.42

The correlation between 360.AX and XRO.AX shifts across timeframes, from 0.42 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

360.AX vs. XRO.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

360.AX

360.AX Risk / Return Rank: 22
360.AX Sharpe Ratio Rank: 20
360.AX Sortino Ratio Rank: 21
360.AX Omega Ratio Rank: 21
360.AX Calmar Ratio Rank: 24
360.AX Martin Ratio Rank: 26

XRO.AX

XRO.AX Risk / Return Rank: 4
XRO.AX Sharpe Ratio Rank: 1
XRO.AX Sortino Ratio Rank: 1
XRO.AX Omega Ratio Rank: 2
XRO.AX Calmar Ratio Rank: 7
XRO.AX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

360.AX vs. XRO.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Life360, Inc. (360.AX) and Xero Limited (XRO.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	360.AX	XRO.AX	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	-1.32	+0.81
Sortino ratio: Return per unit of downside risk	-0.43	-2.22	+1.79
Omega ratio: Gain probability vs. loss probability	0.95	0.72	+0.23
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.90	+0.40
Martin ratio: Return relative to average drawdown	-0.82	-1.39	+0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

360.AX vs. XRO.AX - Sharpe Ratio Comparison

The current 360.AX Sharpe Ratio is -0.51, which is higher than the XRO.AX Sharpe Ratio of -1.32. The chart below compares the historical Sharpe Ratios of 360.AX and XRO.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	360.AX	XRO.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-1.32	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	-0.24	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.60	-0.25

Drawdowns

360.AX vs. XRO.AX - Drawdown Comparison

The maximum 360.AX drawdown since its inception was -82.46%, which is greater than XRO.AX's maximum drawdown of -71.11%. Use the drawdown chart below to compare losses from any high point for 360.AX and XRO.AX.

Drawdown Indicators

	360.AX	XRO.AX	Difference
Max Drawdown Largest peak-to-trough decline	-82.46%	-71.11%	-11.35%
Max Drawdown (1Y) Largest decline over 1 year	-67.69%	-63.74%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-67.69%	-63.74%	-3.95%
Max Drawdown (5Y) Largest decline over 5 years	-82.46%	-63.74%	-18.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.74%	—
Current Drawdown Current decline from peak	-60.93%	-58.60%	-2.33%
Average Drawdown Average peak-to-trough decline	-32.92%	-27.47%	-5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.03%	41.15%	-0.12%

Volatility

360.AX vs. XRO.AX - Volatility Comparison

Life360, Inc. (360.AX) has a higher volatility of 20.58% compared to Xero Limited (XRO.AX) at 18.49%. This indicates that 360.AX's price experiences larger fluctuations and is considered to be riskier than XRO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	360.AX	XRO.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.58%	18.49%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	57.17%	39.70%	+17.47%
Volatility (1Y) Calculated over the trailing 1-year period	66.47%	43.45%	+23.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.32%	38.46%	+27.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.11%	36.47%	+26.64%

Dividends

360.AX vs. XRO.AX - Dividend Comparison

Neither 360.AX nor XRO.AX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both 360.AX and XRO.AX in my portfolio?

360.AX and XRO.AX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.