AVGO vs. AXON
AVGO (Broadcom Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. AVGO operates in Semiconductors (Technology), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, AVGO returned 40.73%/yr vs 33.90%/yr for AXON. At a 0.34 correlation, their price movements are largely independent.
Performance
AVGO vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, AVGO achieves a 9.67% return, which is significantly higher than AXON's -7.12% return. Over the past 10 years, AVGO has outperformed AXON with an annualized return of 40.73%, while AXON has yielded a comparatively lower 33.90% annualized return.
AVGO
- 1D
- 1.98%
- 1M
- -7.92%
- 6M
- 7.92%
- YTD
- 9.67%
- 1Y
- 34.44%
- 3Y*
- 63.51%
- 5Y*
- 54.04%
- 10Y*
- 40.73%
- ALL TIME*
- 40.58%
AXON
- 1D
- 3.37%
- 1M
- 24.58%
- 6M
- -17.07%
- YTD
- -7.12%
- 1Y
- -30.24%
- 3Y*
- 43.11%
- 5Y*
- 23.79%
- 10Y*
- 33.90%
- ALL TIME*
- 31.13%
AVGO vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 9.67% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
AXON Axon Enterprise, Inc. | -7.12% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between AVGO and AXON is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.34 |
The correlation between AVGO and AXON shifts across timeframes, from 0.20 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AVGO:
$1.80T
AXON:
$42.52B
AVGO:
$6.01
AXON:
$2.37
AVGO:
62.92
AXON:
222.42
AVGO:
0.78
AXON:
0.06
AVGO:
24.45
AXON:
15.38
AVGO:
21.03
AXON:
12.31
AVGO:
$75.47B
AXON:
$2.98B
AVGO:
$50.53B
AXON:
$1.77B
AVGO:
$42.03B
AXON:
$156.24M
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Return for Risk
AVGO vs. AXON — Risk / Return Rank
AVGO
AXON
AVGO vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) 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.
| AVGO | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.94 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.50 | +1.71 |
| Martin ratioReturn relative to average drawdown | 2.49 | -0.81 | +3.30 |
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Drawdowns
AVGO vs. AXON - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for AVGO and AXON.
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Drawdown Indicators
| AVGO | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -91.78% | +43.48% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -60.28% | +31.61% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | -60.28% | +19.13% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -60.28% | +19.13% |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | -60.28% | +11.98% |
Current DrawdownCurrent decline from peak | -21.35% | -39.44% | +18.09% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -43.59% | +35.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.84% | 37.46% | -23.62% |
Volatility
AVGO vs. AXON - Volatility Comparison
The current volatility for Broadcom Inc. (AVGO) is 13.79%, while Axon Enterprise, Inc. (AXON) has a volatility of 21.15%. This indicates that AVGO experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGO | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 21.15% | -7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 34.41% | 47.76% | -13.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.31% | 58.60% | -11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.87% | 48.82% | -4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.68% | 49.57% | -9.89% |
Dividends
AVGO vs. AXON - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.67%, while AXON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.67% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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
AVGO vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Broadcom 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
AVGO vs. AXON - Profitability Comparison
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Broadcom Inc. reported a gross profit of 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Broadcom Inc. reported an operating income of 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Broadcom Inc. reported a net income of 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
AVGO and AXON have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (21.15%) compared to AVGO (13.79%). In terms of maximum drawdown, AVGO dropped -48.30% vs AXON's -91.78%.
AVGO currently has the higher Sharpe Ratio (0.73 vs -0.52), 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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