Correlation
The correlation between AX and ^SP500TR is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
AX vs. ^SP500TR
Compare and contrast key facts about Axos Financial, Inc. (AX) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AX or ^SP500TR.
Performance
AX vs. ^SP500TR - Performance Comparison
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Key characteristics
AX:
0.69
^SP500TR:
0.74
AX:
1.24
^SP500TR:
1.05
AX:
1.15
^SP500TR:
1.15
AX:
0.71
^SP500TR:
0.69
AX:
1.39
^SP500TR:
2.63
AX:
17.72%
^SP500TR:
4.92%
AX:
41.84%
^SP500TR:
19.77%
AX:
-70.49%
^SP500TR:
-55.25%
AX:
-19.70%
^SP500TR:
-3.41%
Returns By Period
In the year-to-date period, AX achieves a -0.44% return, which is significantly lower than ^SP500TR's 1.06% return. Over the past 10 years, AX has underperformed ^SP500TR with an annualized return of 11.39%, while ^SP500TR has yielded a comparatively higher 12.85% annualized return.
AX
-0.44%
9.55%
-16.07%
28.56%
21.63%
26.11%
11.39%
^SP500TR
1.06%
6.29%
-1.35%
14.44%
14.41%
15.94%
12.85%
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Risk-Adjusted Performance
AX vs. ^SP500TR — Risk-Adjusted Performance Rank
AX
^SP500TR
AX vs. ^SP500TR - Risk-Adjusted Performance 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.
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Drawdowns
AX vs. ^SP500TR - Drawdown Comparison
The maximum AX drawdown since its inception was -70.49%, 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.
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Volatility
AX vs. ^SP500TR - Volatility Comparison
Axos Financial, Inc. (AX) has a higher volatility of 9.22% compared to S&P 500 Total Return (^SP500TR) at 4.77%. 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.
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