ATRO vs. AXON
ATRO (Astronics Corporation) and AXON (Axon Enterprise, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, ATRO returned 10.43%/yr vs 33.73%/yr for AXON. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
ATRO vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, ATRO achieves a 60.53% return, which is significantly higher than AXON's -7.07% return. Over the past 10 years, ATRO has underperformed AXON with an annualized return of 10.43%, while AXON has yielded a comparatively higher 33.73% annualized return.
ATRO
- 1D
- 1.58%
- 1M
- -1.89%
- 6M
- 14.95%
- YTD
- 60.53%
- 1Y
- 154.15%
- 3Y*
- 59.32%
- 5Y*
- 38.51%
- 10Y*
- 10.43%
- ALL TIME*
- 16.08%
AXON
- 1D
- 0.47%
- 1M
- -11.60%
- 6M
- 9.14%
- YTD
- -7.07%
- 1Y
- -28.92%
- 3Y*
- 42.26%
- 5Y*
- 23.19%
- 10Y*
- 33.73%
- ALL TIME*
- 31.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.84M | $40.05M | $53.09M | |
| $369.42M | $464.43M | $527.88M |
ATRO vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATRO Astronics Corporation | 60.53% | 239.85% | -8.38% | 69.13% | -14.17% | -9.30% | -52.67% | -8.21% | -13.21% | 22.55% |
AXON Axon Enterprise, Inc. | -7.07% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between ATRO and AXON is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.24 |
The correlation between ATRO and AXON shifts across timeframes, from 0.18 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ATRO:
$2.67B
AXON:
$42.54B
ATRO:
$1.21
AXON:
$2.37
ATRO:
57.24
AXON:
222.54
ATRO:
5.01
AXON:
0.06
ATRO:
2.93
AXON:
15.38
ATRO:
16.43
AXON:
12.32
ATRO:
$886.81M
AXON:
$2.98B
ATRO:
$272.44M
AXON:
$1.77B
ATRO:
$74.47M
AXON:
$156.24M
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Return for Risk
ATRO vs. AXON — Risk / Return Rank
ATRO
AXON
ATRO vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astronics Corporation (ATRO) 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.
| ATRO | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.94 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | -0.50 | +6.12 |
| Martin ratioReturn relative to average drawdown | 16.07 | -0.79 | +16.86 |
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Drawdowns
ATRO vs. AXON - Drawdown Comparison
The maximum ATRO drawdown since its inception was -90.12%, roughly equal to the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for ATRO and AXON.
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Drawdown Indicators
| ATRO | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.12% | -91.78% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -25.26% | -60.28% | +35.02% |
Max Drawdown (3Y)Largest decline over 3 years | -33.30% | -60.28% | +26.98% |
Max Drawdown (5Y)Largest decline over 5 years | -54.13% | -60.28% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -85.52% | -60.28% | -25.24% |
Current DrawdownCurrent decline from peak | -20.26% | -39.41% | +19.15% |
Average DrawdownAverage peak-to-trough decline | -38.00% | -43.59% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 38.23% | -29.38% |
Volatility
ATRO vs. AXON - Volatility Comparison
Astronics Corporation (ATRO) and Axon Enterprise, Inc. (AXON) have volatilities of 14.47% and 15.08%, 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
| ATRO | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.47% | 15.08% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 39.88% | 46.71% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.61% | 58.78% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.10% | 48.93% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.03% | 49.63% | +7.40% |
Dividends
ATRO vs. AXON - Dividend Comparison
Neither ATRO nor AXON has paid dividends to shareholders.
Financials
ATRO vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Astronics Corporation 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
ATRO vs. AXON - Profitability Comparison
ATRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Astronics Corporation reported a gross profit of 75.13M and revenue of 230.62M. Therefore, the gross margin over that period was 32.6%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
ATRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Astronics Corporation reported an operating income of 27.23M and revenue of 230.62M, resulting in an operating margin of 11.8%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
ATRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Astronics Corporation reported a net income of 25.54M and revenue of 230.62M, resulting in a net margin of 11.1%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
ATRO and AXON have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (15.08%) compared to ATRO (14.47%). In terms of maximum drawdown, ATRO dropped -90.12% vs AXON's -91.78%.
ATRO currently has the higher Sharpe Ratio (2.55 vs -0.51), 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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