AGX vs. AXON
AGX (Argan, Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. Both are in the Industrials sector — AGX in Engineering & Construction, AXON in Aerospace & Defense. Over the past 10 years, AGX returned 35.01%/yr vs 34.58%/yr for AXON. At a 0.18 correlation, their price movements are largely independent.
Performance
AGX vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, AGX achieves a 105.22% return, which is significantly higher than AXON's -22.22% return. Both investments have delivered pretty close results over the past 10 years, with AGX having a 35.01% annualized return and AXON not far behind at 34.58%.
AGX
- 1D
- 2.89%
- 1M
- -11.16%
- YTD
- 105.22%
- 6M
- 101.00%
- 1Y
- 195.82%
- 3Y*
- 154.34%
- 5Y*
- 71.15%
- 10Y*
- 35.01%
AXON
- 1D
- -1.00%
- 1M
- 12.72%
- YTD
- -22.22%
- 6M
- -21.72%
- 1Y
- -43.41%
- 3Y*
- 30.96%
- 5Y*
- 22.92%
- 10Y*
- 34.58%
AGX vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 105.22% | 130.61% | 198.31% | 30.24% | -2.01% | -11.64% | 19.15% | 8.62% | -14.32% | -34.26% |
AXON Axon Enterprise, Inc. | -22.22% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between AGX and AXON is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.18 |
The correlation between AGX and AXON shifts across timeframes, from 0.14 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AGX:
$9.11B
AXON:
$36.43B
AGX:
$11.38
AXON:
$2.41
AGX:
56.36
AXON:
183.64
AGX:
1.03
AXON:
0.05
AGX:
8.72
AXON:
12.70
AGX:
19.24
AXON:
10.31
AGX:
$1.04B
AXON:
$2.98B
AGX:
$217.93M
AXON:
$1.77B
AGX:
$163.99M
AXON:
$156.24M
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Return for Risk
AGX vs. AXON — Risk / Return Rank
AGX
AXON
AGX vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) and Axon Enterprise, Inc. (AXON). 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 | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.37 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 7.68 | -0.72 | +8.40 |
| Martin ratioReturn relative to average drawdown | 21.89 | -1.22 | +23.11 |
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Drawdowns
AGX vs. AXON - Drawdown Comparison
The maximum AGX drawdown since its inception was -94.37%, roughly equal to the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for AGX and AXON.
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Drawdown Indicators
| AGX | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.37% | -91.78% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -60.28% | +35.32% |
Max Drawdown (3Y)Largest decline over 3 years | -43.75% | -60.28% | +16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -43.75% | -60.28% | +16.53% |
Max Drawdown (10Y)Largest decline over 10 years | -54.61% | -60.28% | +5.67% |
Current DrawdownCurrent decline from peak | -13.39% | -49.28% | +35.89% |
Average DrawdownAverage peak-to-trough decline | -48.33% | -43.60% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.78% | 35.34% | -26.56% |
Volatility
AGX vs. AXON - Volatility Comparison
Argan, Inc. (AGX) and Axon Enterprise, Inc. (AXON) have volatilities of 18.53% and 17.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGX | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.53% | 17.73% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 54.47% | 44.20% | +10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.07% | 55.66% | +18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.95% | 47.94% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.88% | 49.18% | -3.30% |
Dividends
AGX vs. AXON - Dividend Comparison
AGX's dividend yield for the trailing twelve months is around 0.29%, while AXON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.29% | 0.52% | 0.93% | 2.24% | 2.71% | 1.94% | 7.31% | 2.49% | 1.98% | 4.44% | 1.42% | 2.16% |
AXON Axon Enterprise, 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. AXON - Financials Comparison
This section allows you to compare key financial metrics between Argan, Inc. and Axon Enterprise, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AGX vs. AXON - Profitability Comparison
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%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
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%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
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%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
Frequently Asked Questions
AGX and AXON have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGX has higher volatility (18.53%) compared to AXON (17.73%). In terms of maximum drawdown, AGX dropped -94.37% vs AXON's -91.78%.
AGX currently has the higher Sharpe Ratio (2.59 vs -0.78), 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.
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