AXIA vs. ERAS

Last updated Jun 13, 2026

AXIA (AXIA Energia SA) and ERAS (Erasca, Inc.) are both stocks. AXIA operates in Utilities - Renewable (Utilities), while ERAS operates in Biotechnology (Healthcare). Over the past 3 years, AXIA returned 23.17%/yr vs 68.63%/yr for ERAS. At a 0.13 correlation, their price movements are largely independent.

Performance

AXIA vs. ERAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXIA Energia SA (AXIA) and Erasca, Inc. (ERAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXIA achieves a 12.23% return, which is significantly lower than ERAS's 277.69% return.

AXIA

• 1D: -0.10%
• 1M: -4.99%
• YTD: 12.23%
• 6M: 10.58%
• 1Y: 86.72%
• 3Y*: 23.17%
• 5Y*: 11.54%
• 10Y*: 21.87%

ERAS

• 1D: 0.29%
• 1M: 37.34%
• YTD: 277.69%
• 6M: 290.28%
• 1Y: 849.32%
• 3Y*: 68.63%
• 5Y*: —
• 10Y*: —

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

AXIA vs. ERAS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AXIA AXIA Energia SA	12.23%	121.49%	-31.28%	9.41%	32.73%	-29.43%
ERAS Erasca, Inc.	277.69%	48.21%	17.84%	-50.58%	-72.34%	-2.01%

Correlation

The correlation between AXIA and ERAS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.13

Fundamentals

Market Cap AXIA : $23.29B ERAS : $4.28B
EPS AXIA : R$4.28 ERAS : -$0.96
PB Ratio AXIA : 1.05 ERAS : 10.86
Total Revenue (TTM) AXIA : R$42.79B ERAS : $0.00
Gross Profit (TTM) AXIA : R$19.78B ERAS : -$743.00K
EBITDA (TTM) AXIA : R$6.39B ERAS : -$279.47M

Return for Risk

AXIA vs. ERAS — Risk / Return Rank

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

AXIA

AXIA Risk / Return Rank: 89
AXIA Sharpe Ratio Rank: 93
AXIA Sortino Ratio Rank: 90
AXIA Omega Ratio Rank: 88
AXIA Calmar Ratio Rank: 85
AXIA Martin Ratio Rank: 89

ERAS

ERAS Risk / Return Rank: 98
ERAS Sharpe Ratio Rank: 100
ERAS Sortino Ratio Rank: 97
ERAS Omega Ratio Rank: 98
ERAS Calmar Ratio Rank: 99
ERAS Martin Ratio Rank: 99

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.

AXIA vs. ERAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXIA Energia SA (AXIA) and Erasca, Inc. (ERAS). 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.

	AXIA	ERAS	Difference
Sharpe ratio: Return per unit of total volatility	2.43	7.95	-5.52
Sortino ratio: Return per unit of downside risk	3.00	4.41	-1.41
Omega ratio: Gain probability vs. loss probability	1.38	1.71	-0.33
Calmar ratio: Return relative to maximum drawdown	3.16	13.90	-10.74
Martin ratio: Return relative to average drawdown	10.30	43.69	-33.39

AXIA vs. ERAS - Sharpe Ratio Comparison

The current AXIA Sharpe Ratio is 2.43, which is lower than the ERAS Sharpe Ratio of 7.95. The chart below compares the historical Sharpe Ratios of AXIA and ERAS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AXIA vs. ERAS - Drawdown Comparison

The maximum AXIA drawdown since its inception was -93.65%, roughly equal to the maximum ERAS drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for AXIA and ERAS.

Drawdown Indicators

	AXIA	ERAS	Difference
Max Drawdown Largest peak-to-trough decline	-93.65%	-95.65%	+2.00%
Max Drawdown (1Y) Largest decline over 1 year	-27.55%	-59.46%	+31.91%
Max Drawdown (3Y) Largest decline over 3 years	-38.66%	-67.68%	+29.02%
Max Drawdown (5Y) Largest decline over 5 years	-45.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.80%	—	—
Current Drawdown Current decline from peak	-23.45%	-42.28%	+18.83%
Average Drawdown Average peak-to-trough decline	-56.63%	-74.66%	+18.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.45%	18.96%	-10.51%

Volatility

AXIA vs. ERAS - Volatility Comparison

The current volatility for AXIA Energia SA (AXIA) is 9.24%, while Erasca, Inc. (ERAS) has a volatility of 20.78%. This indicates that AXIA experiences smaller price fluctuations and is considered to be less risky than ERAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXIA	ERAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.24%	20.78%	-11.54%
Volatility (6M) Calculated over the trailing 6-month period	28.02%	96.05%	-68.03%
Volatility (1Y) Calculated over the trailing 1-year period	35.92%	104.00%	-68.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.59%	83.41%	-45.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.08%	83.41%	+11.67%

Dividends

AXIA vs. ERAS - Dividend Comparison

AXIA's dividend yield for the trailing twelve months is around 5.20%, while ERAS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AXIA AXIA Energia SA	5.20%	7.19%	3.85%	0.51%	1.89%	7.32%	4.38%	2.21%
ERAS Erasca, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AXIA and ERAS in my portfolio?

AXIA and ERAS have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AXIA or ERAS?

ERAS has higher volatility (20.78%) compared to AXIA (9.24%). In terms of maximum drawdown, AXIA dropped -93.65% vs ERAS's -95.65%.

Which has better risk-adjusted returns?

ERAS currently has the higher Sharpe Ratio (7.95 vs 2.43), 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.