AXON vs. AGX
AXON (Axon Enterprise, Inc.) and AGX (Argan, Inc.) are both stocks. Both are in the Industrials sector — AXON in Aerospace & Defense, AGX in Engineering & Construction. Over the past 10 years, AXON returned 34.58%/yr vs 35.01%/yr for AGX. At a 0.18 correlation, their price movements are largely independent.
Performance
AXON vs. AGX - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -22.22% return, which is significantly lower than AGX's 105.22% return. Both investments have delivered pretty close results over the past 10 years, with AXON having a 34.58% annualized return and AGX not far ahead at 35.01%.
AXON
- 1D
- -1.00%
- 1M
- 12.72%
- YTD
- -22.22%
- 6M
- -21.72%
- 1Y
- -43.41%
- 3Y*
- 30.96%
- 5Y*
- 22.92%
- 10Y*
- 34.58%
AGX
- 1D
- 2.89%
- 1M
- -11.16%
- YTD
- 105.22%
- 6M
- 101.00%
- 1Y
- 195.82%
- 3Y*
- 154.34%
- 5Y*
- 71.15%
- 10Y*
- 35.01%
AXON vs. AGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -22.22% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
AGX Argan, Inc. | 105.22% | 130.61% | 198.31% | 30.24% | -2.01% | -11.64% | 19.15% | 8.62% | -14.32% | -34.26% |
Correlation
The correlation between AXON and AGX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.18 |
The correlation between AXON and AGX shifts across timeframes, from 0.14 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$36.43B
AGX:
$9.11B
AXON:
$2.41
AGX:
$11.38
AXON:
183.64
AGX:
56.36
AXON:
0.05
AGX:
1.03
AXON:
12.70
AGX:
8.72
AXON:
10.31
AGX:
19.24
AXON:
$2.98B
AGX:
$1.04B
AXON:
$1.77B
AGX:
$217.93M
AXON:
$156.24M
AGX:
$163.99M
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Return for Risk
AXON vs. AGX — Risk / Return Rank
AXON
AGX
AXON vs. AGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) 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.
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.
| AXON | AGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.41 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 7.68 | -8.40 |
| Martin ratioReturn relative to average drawdown | -1.22 | 21.89 | -23.11 |
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Drawdowns
AXON vs. AGX - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, roughly equal to the maximum AGX drawdown of -94.37%. Use the drawdown chart below to compare losses from any high point for AXON and AGX.
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Drawdown Indicators
| AXON | AGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -94.37% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -24.96% | -35.32% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -43.75% | -16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -43.75% | -16.53% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -54.61% | -5.67% |
Current DrawdownCurrent decline from peak | -49.28% | -13.39% | -35.89% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -48.33% | +4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 8.78% | +26.56% |
Volatility
AXON vs. AGX - Volatility Comparison
Axon Enterprise, Inc. (AXON) and Argan, Inc. (AGX) have volatilities of 17.73% and 18.53%, 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.
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Volatility by Period
| AXON | AGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 18.53% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 54.47% | -10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 74.07% | -18.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 50.95% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 45.88% | +3.30% |
Dividends
AXON vs. AGX - Dividend Comparison
AXON has not paid dividends to shareholders, while AGX's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.29% | 0.52% | 0.93% | 2.24% | 2.71% | 1.94% | 7.31% | 2.49% | 1.98% | 4.44% | 1.42% | 2.16% |
AXON Axon Enterprise, 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
AXON vs. AGX - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Argan, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AXON vs. AGX - Profitability Comparison
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
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 61.11M and revenue of 290.95M. Therefore, the gross margin over that period was 21.0%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
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 45.40M and revenue of 290.95M, resulting in an operating margin of 15.6%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
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 46.06M and revenue of 290.95M, resulting in a net margin of 15.8%.
Frequently Asked Questions
AXON and AGX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGX has higher volatility (18.53%) compared to AXON (17.73%). In terms of maximum drawdown, AXON dropped -91.78% vs AGX's -94.37%.
AGX currently has the higher Sharpe Ratio (2.59 vs -0.78), 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.
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