AXON vs. ACHR

Last updated Jun 9, 2026

AXON (Axon Enterprise, Inc.) and ACHR (Archer Aviation Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, AXON returned 26.05%/yr vs -10.82%/yr for ACHR. At a 0.31 correlation, their price movements are largely independent.

Performance

AXON vs. ACHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axon Enterprise, Inc. (AXON) and Archer Aviation Inc. (ACHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXON achieves a -17.06% return, which is significantly higher than ACHR's -23.80% return.

AXON

• 1D: -3.10%
• 1M: 16.73%
• YTD: -17.06%
• 6M: -14.84%
• 1Y: -40.51%
• 3Y*: 34.22%
• 5Y*: 26.05%
• 10Y*: 35.39%

ACHR

• 1D: 3.43%
• 1M: -11.57%
• YTD: -23.80%
• 6M: -33.45%
• 1Y: -43.77%
• 3Y*: 20.81%
• 5Y*: -10.82%
• 10Y*: —

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

AXON vs. ACHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AXON Axon Enterprise, Inc.	-17.06%	-4.44%	130.06%	55.69%	5.69%	28.13%	-2.24%
ACHR Archer Aviation Inc.	-23.80%	-22.87%	58.79%	228.34%	-69.04%	-39.96%	0.90%

Correlation

The correlation between AXON and ACHR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 21, 2020	0.31

Fundamentals

Market Cap AXON : $38.85B ACHR : $4.39B
EPS AXON : $2.41 ACHR : -$1.36
PS Ratio AXON : 13.54 ACHR : 1.65K
PB Ratio AXON : 10.99 ACHR : 2.11
Total Revenue (TTM) AXON : $2.98B ACHR : $1.90M
Gross Profit (TTM) AXON : $1.77B ACHR : $300.00K
EBITDA (TTM) AXON : $156.24M ACHR : -$712.00M

Return for Risk

AXON vs. ACHR — Risk / Return Rank

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

AXON

AXON Risk / Return Rank: 14
AXON Sharpe Ratio Rank: 11
AXON Sortino Ratio Rank: 13
AXON Omega Ratio Rank: 13
AXON Calmar Ratio Rank: 17
AXON Martin Ratio Rank: 16

ACHR

ACHR Risk / Return Rank: 18
ACHR Sharpe Ratio Rank: 15
ACHR Sortino Ratio Rank: 18
ACHR Omega Ratio Rank: 19
ACHR Calmar Ratio Rank: 17
ACHR Martin Ratio Rank: 19

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.

AXON vs. ACHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Archer Aviation Inc. (ACHR). 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.

	AXON	ACHR	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	-0.62	-0.11
Sortino ratio: Return per unit of downside risk	-0.93	-0.65	-0.29
Omega ratio: Gain probability vs. loss probability	0.88	0.93	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.67	-0.69	+0.01
Martin ratio: Return relative to average drawdown	-1.17	-1.08	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXON vs. ACHR - Sharpe Ratio Comparison

The current AXON Sharpe Ratio is -0.73, which is comparable to the ACHR Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of AXON and ACHR, 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

	AXON	ACHR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	-0.62	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	-0.13	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	-0.12	+0.63

Drawdowns

AXON vs. ACHR - Drawdown Comparison

The maximum AXON drawdown since its inception was -91.78%, roughly equal to the maximum ACHR drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for AXON and ACHR.

Drawdown Indicators

	AXON	ACHR	Difference
Max Drawdown Largest peak-to-trough decline	-91.78%	-90.49%	-1.29%
Max Drawdown (1Y) Largest decline over 1 year	-60.28%	-63.78%	+3.50%
Max Drawdown (3Y) Largest decline over 3 years	-60.28%	-63.78%	+3.50%
Max Drawdown (5Y) Largest decline over 5 years	-60.28%	-84.00%	+23.72%
Max Drawdown (10Y) Largest decline over 10 years	-60.28%	—	—
Current Drawdown Current decline from peak	-45.92%	-66.57%	+20.65%
Average Drawdown Average peak-to-trough decline	-43.59%	-62.50%	+18.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.81%	40.38%	-5.57%

Volatility

AXON vs. ACHR - Volatility Comparison

Axon Enterprise, Inc. (AXON) and Archer Aviation Inc. (ACHR) have volatilities of 19.02% and 19.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXON	ACHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.02%	19.42%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	44.22%	43.60%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	55.73%	71.28%	-15.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.97%	84.22%	-36.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.19%	82.17%	-32.98%

Dividends

AXON vs. ACHR - Dividend Comparison

Neither AXON nor ACHR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AXON and ACHR in my portfolio?

AXON and ACHR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AXON or ACHR?

ACHR has higher volatility (19.42%) compared to AXON (19.02%). In terms of maximum drawdown, AXON dropped -91.78% vs ACHR's -90.49%.

Which has better risk-adjusted returns?

ACHR currently has the higher Sharpe Ratio (-0.62 vs -0.73), 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.