AGX vs. AX

Last updated Jun 23, 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 79.38%/yr vs 13.85%/yr for AX. At a 0.34 correlation, their price movements are largely independent.

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 152.66% return, which is significantly higher than AX's 2.74% return.

AGX

• 1D: 6.92%
• 1M: 20.36%
• YTD: 152.66%
• 6M: 134.28%
• 1Y: 290.72%
• 3Y*: 177.27%
• 5Y*: 79.38%
• 10Y*: 38.47%

AX

• 1D: 0.51%
• 1M: 2.85%
• YTD: 2.74%
• 6M: -0.41%
• 1Y: 22.88%
• 3Y*: 34.18%
• 5Y*: 13.85%
• 10Y*: —

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

AGX vs. AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AGX Argan, Inc.	152.66%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-11.48%
AX Axos Financial, Inc.	2.74%	23.35%	27.93%	42.86%	-31.64%	48.97%	23.94%	20.25%	-27.83%

Correlation

The correlation between AGX and AX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018	0.34

Over the past year, the correlation between AGX and AX has dropped to 0.08 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AGX : $11.22B AX : $5.11B
EPS AGX : $11.38 AX : $8.22
PE Ratio AGX : 69.39 AX : 10.78
PEG Ratio AGX : 1.26 AX : 0.49
PS Ratio AGX : 10.74 AX : 10.70
PB Ratio AGX : 23.69 AX : 1.67
Total Revenue (TTM) AGX : $1.04B AX : $479.42M
Gross Profit (TTM) AGX : $217.93M AX : $302.17M
EBITDA (TTM) AGX : $163.99M AX : $826.17M

Return for Risk

AGX vs. AX — Risk / Return Rank

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

AGX

AGX Risk / Return Rank: 97
AGX Sharpe Ratio Rank: 98
AGX Sortino Ratio Rank: 95
AGX Omega Ratio Rank: 94
AGX Calmar Ratio Rank: 98
AGX Martin Ratio Rank: 98

AX

AX Risk / Return Rank: 63
AX Sharpe Ratio Rank: 65
AX Sortino Ratio Rank: 58
AX Omega Ratio Rank: 60
AX Calmar Ratio Rank: 66
AX Martin Ratio Rank: 65

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.

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	3.93	0.72	+3.21
Sortino ratio: Return per unit of downside risk	4.00	1.11	+2.88
Omega ratio: Gain probability vs. loss probability	1.51	1.16	+0.35
Calmar ratio: Return relative to maximum drawdown	11.73	1.21	+10.53
Martin ratio: Return relative to average drawdown	33.44	2.39	+31.06

AGX vs. AX - Sharpe Ratio Comparison

The current AGX Sharpe Ratio is 3.93, which is higher than the AX Sharpe Ratio of 0.72. 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	-24.96%	-19.04%	-5.92%
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	0.00%	-12.37%	+12.37%
Average Drawdown Average peak-to-trough decline	-48.30%	-20.51%	-27.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.74%	9.61%	-0.87%

Volatility

AGX vs. AX - Volatility Comparison

Argan, Inc. (AGX) has a higher volatility of 18.55% compared to Axos Financial, Inc. (AX) at 6.48%. 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	18.55%	6.48%	+12.07%
Volatility (6M) Calculated over the trailing 6-month period	54.54%	24.17%	+30.37%
Volatility (1Y) Calculated over the trailing 1-year period	74.67%	32.17%	+42.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.19%	40.68%	+10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.02%	44.10%	+1.92%

Dividends

AGX vs. AX - Dividend Comparison

AGX's dividend yield for the trailing twelve months is around 0.24%, while AX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.24%	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

AGX vs. AX - Profitability Comparison

The chart below illustrates the profitability comparison between Argan, Inc. and Axos Financial, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AGX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a gross profit of 61.11M and revenue of 290.95M. Therefore, the gross margin over that period was 21.0%.

AX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axos Financial, Inc. reported a gross profit of -657.74M and revenue of -1.06B. Therefore, the gross margin over that period was 62.2%.

AGX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported an operating income of 45.40M and revenue of 290.95M, resulting in an operating margin of 15.6%.

AX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axos Financial, Inc. reported an operating income of -325.40M and revenue of -1.06B, resulting in an operating margin of 30.8%.

AGX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a net income of 46.06M and revenue of 290.95M, resulting in a net margin of 15.8%.

AX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axos Financial, Inc. reported a net income of 124.68M and revenue of -1.06B, resulting in a net margin of -11.8%.

Frequently Asked Questions

Can I hold both AGX and AX in my portfolio?

AGX and AX have a correlation of 0.08, 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 (18.55%) compared to AX (6.48%). 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 (3.93 vs 0.72), 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.