AX vs. CMG

Last updated Jun 4, 2026

AX (Axos Financial, Inc.) and CMG (Chipotle Mexican Grill, Inc.) are both stocks. AX operates in Banks - Regional (Financial Services), while CMG operates in Restaurants (Consumer Cyclical). Over the past 5 years, AX returned 12.15%/yr vs 1.62%/yr for CMG. At a 0.26 correlation, their price movements are largely independent.

Performance

AX vs. CMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axos Financial, Inc. (AX) and Chipotle Mexican Grill, Inc. (CMG). 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 higher than CMG's -22.32% return.

AX

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

CMG

• 1D: -1.78%
• 1M: -10.13%
• YTD: -22.32%
• 6M: -15.30%
• 1Y: -42.60%
• 3Y*: -11.34%
• 5Y*: 1.62%
• 10Y*: 12.72%

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

AX vs. CMG - 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%
CMG Chipotle Mexican Grill, Inc.	-22.32%	-38.64%	31.83%	64.83%	-20.64%	26.07%	65.65%	93.87%	-3.40%

Correlation

The correlation between AX and CMG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.20
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	0.26

The correlation between AX and CMG shifts across timeframes, from 0.20 (3 years) to 0.30 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AX : $4.89B CMG : $37.42B
EPS AX : $8.22 CMG : $1.09
PE Ratio AX : 10.30 CMG : 26.28
PEG Ratio AX : 0.47 CMG : 0.98
PS Ratio AX : 10.23 CMG : 3.14
PB Ratio AX : 1.59 CMG : 15.54
Total Revenue (TTM) AX : $479.42M CMG : $12.14B
Gross Profit (TTM) AX : $302.17M CMG : $4.39B
EBITDA (TTM) AX : $826.17M CMG : $2.30B

Return for Risk

AX vs. CMG — 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

CMG

CMG Risk / Return Rank: 7
CMG Sharpe Ratio Rank: 3
CMG Sortino Ratio Rank: 5
CMG Omega Ratio Rank: 5
CMG Calmar Ratio Rank: 8
CMG Martin Ratio Rank: 13

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. CMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axos Financial, Inc. (AX) and Chipotle Mexican Grill, Inc. (CMG). 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	CMG	Difference
Sharpe ratio Return per unit of total volatility	0.61	-1.11	+1.72
Sortino ratio Return per unit of downside risk	0.98	-1.52	+2.51
Omega ratio Gain probability vs. loss probability	1.14	0.79	+0.34
Calmar ratio Return relative to maximum drawdown	1.03	-0.84	+1.87
Martin ratio Return relative to average drawdown	2.12	-1.24	+3.36
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. CMG - Sharpe Ratio Comparison

The current AX Sharpe Ratio is 0.61, which is higher than the CMG Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of AX and CMG, 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	CMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	-1.11	+1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.05	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.49	-0.21

Drawdowns

AX vs. CMG - Drawdown Comparison

The maximum AX drawdown since its inception was -59.57%, smaller than the maximum CMG drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for AX and CMG.

Drawdown Indicators

	AX	CMG	Difference
Max Drawdown Largest peak-to-trough decline	-59.57%	-74.61%	+15.04%
Max Drawdown (1Y) Largest decline over 1 year	-19.04%	-50.65%	+31.61%
Max Drawdown (3Y) Largest decline over 3 years	-34.92%	-58.08%	+23.16%
Max Drawdown (5Y) Largest decline over 5 years	-46.31%	-58.08%	+11.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-58.08%	—
Current Drawdown Current decline from peak	-16.23%	-58.08%	+41.85%
Average Drawdown Average peak-to-trough decline	-20.57%	-21.33%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	34.47%	-25.23%

Volatility

AX vs. CMG - Volatility Comparison

The current volatility for Axos Financial, Inc. (AX) is 6.66%, while Chipotle Mexican Grill, Inc. (CMG) has a volatility of 9.37%. This indicates that AX experiences smaller price fluctuations and is considered to be less risky than CMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AX	CMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	9.37%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	24.42%	22.93%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	32.35%	38.41%	-6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.82%	33.50%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.22%	35.63%	+8.59%

Dividends

AX vs. CMG - Dividend Comparison

Neither AX nor CMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AX vs. CMG - Profitability Comparison

The chart below illustrates the profitability comparison between Axos Financial, Inc. and Chipotle Mexican Grill, 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%.

CMG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a gross profit of 2.11B and revenue of 3.09B. Therefore, the gross margin over that period was 68.4%.

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%.

CMG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported an operating income of 397.06M and revenue of 3.09B, resulting in an operating margin of 12.9%.

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%.

CMG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a net income of 302.82M and revenue of 3.09B, resulting in a net margin of 9.8%.

Frequently Asked Questions

Can I hold both AX and CMG in my portfolio?

AX and CMG have a correlation of 0.28, 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 CMG?

CMG has higher volatility (9.37%) compared to AX (6.66%). In terms of maximum drawdown, AX dropped -59.57% vs CMG's -74.61%.

Which has better risk-adjusted returns?

AX currently has the higher Sharpe Ratio (0.61 vs -1.11), 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.