AX vs. AGX

Last updated Jun 4, 2026

AX (Axos Financial, Inc.) and AGX (Argan, Inc.) are both stocks. AX operates in Banks - Regional (Financial Services), while AGX operates in Engineering & Construction (Industrials). Over the past 5 years, AX returned 12.15%/yr vs 73.16%/yr for AGX. At a 0.34 correlation, their price movements are largely independent.

Performance

AX vs. AGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axos Financial, Inc. (AX) and Argan, Inc. (AGX). 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 AGX's 119.52% return.

AX

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

AGX

• 1D: 3.50%
• 1M: -1.55%
• YTD: 119.52%
• 6M: 95.90%
• 1Y: 215.63%
• 3Y*: 159.29%
• 5Y*: 73.16%
• 10Y*: 38.58%

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

AX vs. AGX - 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%
AGX Argan, Inc.	119.52%	130.61%	198.31%	30.24%	-2.01%	-11.64%	19.15%	8.62%	-9.81%

Correlation

The correlation between AX and AGX is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018	0.34

Over the past year, the correlation between AX and AGX has dropped to 0.06 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AX : $4.89B AGX : $9.73B
EPS AX : $8.22 AGX : $9.73
PE Ratio AX : 10.30 AGX : 70.53
PEG Ratio AX : 0.47 AGX : 1.28
PS Ratio AX : 10.23 AGX : 10.29
PB Ratio AX : 1.59 AGX : 21.06
Total Revenue (TTM) AX : $479.42M AGX : $944.61M
Gross Profit (TTM) AX : $302.17M AGX : $193.68M
EBITDA (TTM) AX : $826.17M AGX : $134.70M

Return for Risk

AX vs. AGX — 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

AGX

AGX Risk / Return Rank: 93
AGX Sharpe Ratio Rank: 94
AGX Sortino Ratio Rank: 91
AGX Omega Ratio Rank: 89
AGX Calmar Ratio Rank: 96
AGX Martin Ratio Rank: 96

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. AGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axos Financial, Inc. (AX) and Argan, Inc. (AGX). 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	AGX	Difference
Sharpe ratio Return per unit of total volatility	0.61	2.91	-2.31
Sortino ratio Return per unit of downside risk	0.98	3.46	-2.47
Omega ratio Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio Return relative to maximum drawdown	1.03	8.70	-7.67
Martin ratio Return relative to average drawdown	2.12	22.97	-20.86
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. AGX - Sharpe Ratio Comparison

The current AX Sharpe Ratio is 0.61, which is lower than the AGX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of AX and AGX, 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	AGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	2.91	-2.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	1.45	-1.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.05	+0.23

Drawdowns

AX vs. AGX - Drawdown Comparison

The maximum AX drawdown since its inception was -59.57%, smaller than the maximum AGX drawdown of -94.37%. Use the drawdown chart below to compare losses from any high point for AX and AGX.

Drawdown Indicators

	AX	AGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.57%	-94.37%	+34.80%
Max Drawdown (1Y) Largest decline over 1 year	-19.04%	-24.96%	+5.92%
Max Drawdown (3Y) Largest decline over 3 years	-34.92%	-43.75%	+8.83%
Max Drawdown (5Y) Largest decline over 5 years	-46.31%	-43.75%	-2.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.61%	—
Current Drawdown Current decline from peak	-16.23%	-7.36%	-8.87%
Average Drawdown Average peak-to-trough decline	-20.57%	-48.37%	+27.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	9.43%	-0.19%

Volatility

AX vs. AGX - Volatility Comparison

The current volatility for Axos Financial, Inc. (AX) is 6.66%, while Argan, Inc. (AGX) has a volatility of 15.08%. This indicates that AX experiences smaller price fluctuations and is considered to be less risky than AGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AX	AGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	15.08%	-8.42%
Volatility (6M) Calculated over the trailing 6-month period	24.42%	54.58%	-30.16%
Volatility (1Y) Calculated over the trailing 1-year period	32.35%	74.56%	-42.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.82%	50.62%	-9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.22%	46.01%	-1.79%

Dividends

AX vs. AGX - Dividend Comparison

AX has not paid dividends to shareholders, while AGX's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGX Argan, Inc.	0.27%	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

AX vs. AGX - Profitability Comparison

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

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 - 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 65.60M and revenue of 262.05M. Therefore, the gross margin over that period was 25.0%.

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 - 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 47.67M and revenue of 262.05M, resulting in an operating margin of 18.2%.

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%.

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 49.21M and revenue of 262.05M, resulting in a net margin of 18.8%.

Frequently Asked Questions

Can I hold both AX and AGX in my portfolio?

AX and AGX have a correlation of 0.06, 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 AGX?

AGX has higher volatility (15.08%) compared to AX (6.66%). In terms of maximum drawdown, AX dropped -59.57% vs AGX's -94.37%.

Which has better risk-adjusted returns?

AGX currently has the higher Sharpe Ratio (2.91 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.