AX vs. ^SP500TR

Last updated Jun 4, 2026

AX (Axos Financial, Inc.) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, AX returned 12.15%/yr vs 13.92%/yr for ^SP500TR. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

AX vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axos Financial, Inc. (AX) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AX achieves a -1.79% return, which is significantly lower than ^SP500TR's 10.89% return.

AX

• 1D: -3.57%
• 1M: -3.05%
• YTD: -1.79%
• 6M: 0.70%
• 1Y: 19.54%
• 3Y*: 26.97%
• 5Y*: 12.15%
• 10Y*: —

^SP500TR

• 1D: -0.74%
• 1M: 5.02%
• YTD: 10.89%
• 6M: 10.93%
• 1Y: 28.06%
• 3Y*: 22.47%
• 5Y*: 13.92%
• 10Y*: 15.59%

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

AX vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AX Axos Financial, Inc.	-1.79%	23.35%	27.93%	42.86%	-31.64%	48.97%	23.94%	20.25%	-27.25%
^SP500TR S&P 500 Total Return	10.89%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-13.83%

Correlation

The correlation between AX and ^SP500TR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.54

The correlation between AX and ^SP500TR shifts across timeframes, from 0.43 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AX vs. ^SP500TR — Risk / Return Rank

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

AX

AX Risk / Return Rank: 58
AX Sharpe Ratio Rank: 61
AX Sortino Ratio Rank: 53
AX Omega Ratio Rank: 55
AX Calmar Ratio Rank: 61
AX Martin Ratio Rank: 60

^SP500TR

^SP500TR Risk / Return Rank: 79
^SP500TR Sharpe Ratio Rank: 77
^SP500TR Sortino Ratio Rank: 77
^SP500TR Omega Ratio Rank: 77
^SP500TR Calmar Ratio Rank: 76
^SP500TR Martin Ratio Rank: 88

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.

AX vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axos Financial, Inc. (AX) and S&P 500 Total Return (^SP500TR). 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.

	AX	^SP500TR	Difference
Sharpe ratio: Return per unit of total volatility	0.61	2.37	-1.77
Sortino ratio: Return per unit of downside risk	0.98	3.24	-2.26
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	1.03	3.17	-2.14
Martin ratio: Return relative to average drawdown	2.12	14.81	-12.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AX vs. ^SP500TR - Sharpe Ratio Comparison

The current AX Sharpe Ratio is 0.61, which is lower than the ^SP500TR Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of AX and ^SP500TR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AX	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	2.37	-1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.83	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.65	-0.36

Drawdowns

AX vs. ^SP500TR - Drawdown Comparison

The maximum AX drawdown since its inception was -59.57%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for AX and ^SP500TR.

Drawdown Indicators

	AX	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-59.57%	-55.25%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-19.04%	-8.89%	-10.15%
Max Drawdown (3Y) Largest decline over 3 years	-34.92%	-18.75%	-16.17%
Max Drawdown (5Y) Largest decline over 5 years	-46.31%	-24.49%	-21.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-16.23%	-0.74%	-15.49%
Average Drawdown Average peak-to-trough decline	-20.57%	-8.17%	-12.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	1.90%	+7.34%

Volatility

AX vs. ^SP500TR - Volatility Comparison

Axos Financial, Inc. (AX) has a higher volatility of 6.66% compared to S&P 500 Total Return (^SP500TR) at 2.93%. This indicates that AX's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AX	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	2.93%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	24.42%	8.99%	+15.43%
Volatility (1Y) Calculated over the trailing 1-year period	32.35%	11.89%	+20.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.82%	16.90%	+23.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.22%	18.07%	+26.15%

Frequently Asked Questions

Can I hold both AX and ^SP500TR in my portfolio?

AX and ^SP500TR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AX or ^SP500TR?

AX has higher volatility (6.66%) compared to ^SP500TR (2.93%). In terms of maximum drawdown, AX dropped -59.57% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.37 vs 0.61), 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.