AGX vs. AX

Last updated Aug 1, 2026

AGX (Argan, Inc.) and AX (Axos Financial, Inc.) are both stocks. AGX operates in Engineering & Construction (Industrials), while AX operates in Banks - Regional (Financial Services). Over the past 5 years, AGX returned 69.22%/yr vs 16.21%/yr for AX. Their 0.33 correlation means their historical movements had little consistent relationship.

Performance

AGX vs. AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Argan, Inc. (AGX) and Axos Financial, Inc. (AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGX achieves a 82.59% return, which is significantly higher than AX's 17.70% return.

AGX

• 1D: -1.63%
• 1M: -19.15%
• 6M: 64.61%
• YTD: 82.59%
• 1Y: 154.43%
• 3Y*: 149.27%
• 5Y*: 69.22%
• 10Y*: 31.98%
• ALL TIME*: 29.36%

AX

• 1D: 2.98%
• 1M: 3.59%
• 6M: 2.44%
• YTD: 17.70%
• 1Y: 20.14%
• 3Y*: 30.46%
• 5Y*: 16.21%
• 10Y*: —
• ALL TIME*: 14.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGX Argan, Inc.	$205.92M	$203.49M	$229.51M
AX Axos Financial, Inc.	$35.62M	$35.98M	$36.63M

AGX vs. AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AGX Argan, Inc.	82.59%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-11.48%
AX Axos Financial, Inc.	17.70%	23.35%	27.93%	42.86%	-31.64%	48.97%	23.94%	20.25%	-27.83%

Correlation

The correlation between AGX and AX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.28
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018	0.33

Over the past year, the correlation between AGX and AX has dropped to 0.06 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AGX : $8.00B AX : $5.77B
EPS AGX : $11.38 AX : $8.45
PE Ratio AGX : 50.15 AX : 11.99
PS Ratio AGX : 7.76 AX : 3.63
Total Revenue (TTM) AGX : $1.04B AX : $1.62B
Gross Profit (TTM) AGX : $217.93M AX : $1.01B
EBITDA (TTM) AGX : $163.99M AX : $544.51M

Return for Risk

AGX vs. AX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGX

AGX Risk / Return Rank: 89
AGX Sharpe Ratio Rank: 88
AGX Sortino Ratio Rank: 88
AGX Omega Ratio Rank: 85
AGX Calmar Ratio Rank: 90
AGX Martin Ratio Rank: 93

AX

AX Risk / Return Rank: 62
AX Sharpe Ratio Rank: 64
AX Sortino Ratio Rank: 57
AX Omega Ratio Rank: 59
AX Calmar Ratio Rank: 65
AX Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGX vs. AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) and Axos Financial, Inc. (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGX	AX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.55	+1.15
Sortino ratio: Return per unit of downside risk	2.54	0.91	+1.63
Omega ratio: Gain probability vs. loss probability	1.31	1.13	+0.18
Calmar ratio: Return relative to maximum drawdown	3.52	0.92	+2.60
Martin ratio: Return relative to average drawdown	12.03	1.80	+10.23

AGX vs. AX - Sharpe Ratio Comparison

The current AGX Sharpe Ratio is 1.70, which is higher than the AX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of AGX and 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.

Drawdowns

AGX vs. AX - Drawdown Comparison

The maximum AGX drawdown since its inception was -94.37%, which is greater than AX's maximum drawdown of -59.57%. Use the drawdown chart below to compare losses from any high point for AGX and AX.

Drawdown Indicators

	AGX	AX	Difference
Max Drawdown Largest peak-to-trough decline	-94.37%	-59.57%	-34.80%
Max Drawdown (1Y) Largest decline over 1 year	-38.29%	-19.04%	-19.25%
Max Drawdown (3Y) Largest decline over 3 years	-43.75%	-34.92%	-8.83%
Max Drawdown (5Y) Largest decline over 5 years	-43.75%	-46.31%	+2.56%
Max Drawdown (10Y) Largest decline over 10 years	-54.61%	—	—
Current Drawdown Current decline from peak	-28.51%	0.00%	-28.51%
Average Drawdown Average peak-to-trough decline	-48.20%	-20.27%	-27.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.32%	9.71%	+1.61%

Volatility

AGX vs. AX - Volatility Comparison

Argan, Inc. (AGX) has a higher volatility of 29.09% compared to Axos Financial, Inc. (AX) at 8.26%. This indicates that AGX's price experiences larger fluctuations and is considered to be riskier than AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGX	AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.09%	8.26%	+20.83%
Volatility (6M) Calculated over the trailing 6-month period	59.13%	24.39%	+34.74%
Volatility (1Y) Calculated over the trailing 1-year period	79.49%	32.04%	+47.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.94%	40.65%	+12.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.95%	43.92%	+3.03%

Dividends

AGX vs. AX - Dividend Comparison

AGX's dividend yield for the trailing twelve months is around 0.35%, while AX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.35%	0.52%	0.93%	2.24%	2.71%	1.94%	7.31%	2.49%	1.98%	4.44%	1.42%	2.16%
AX Axos Financial, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AGX and AX in my portfolio?

AGX and AX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGX or AX?

AGX has higher volatility (29.09%) compared to AX (8.26%). In terms of maximum drawdown, AGX dropped -94.37% vs AX's -59.57%.

Which has better risk-adjusted returns?

AGX currently has the higher Sharpe Ratio (1.70 vs 0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.