AXON vs. BTC-USD
AXON (Axon Enterprise, Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, AXON returned 35.39%/yr vs 59.68%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
AXON vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -17.06% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, AXON has underperformed BTC-USD with an annualized return of 35.39%, while BTC-USD has yielded a comparatively higher 59.68% annualized 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%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
AXON vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between AXON and BTC-USD 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.06 |
The correlation between AXON and BTC-USD shifts across timeframes, from 0.06 (all time) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AXON vs. BTC-USD — Risk / Return Rank
AXON
BTC-USD
AXON vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.86 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.80 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.17 | -1.42 | +0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AXON | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | -0.95 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.20 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.87 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.13 | -0.62 |
Drawdowns
AXON vs. BTC-USD - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for AXON and BTC-USD.
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Drawdown Indicators
| AXON | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -85.30% | -6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -51.21% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -51.21% | -9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -76.67% | +16.39% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -83.80% | +23.52% |
Current DrawdownCurrent decline from peak | -45.92% | -49.86% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -43.59% | -42.32% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.81% | 34.46% | +0.35% |
Volatility
AXON vs. BTC-USD - Volatility Comparison
Axon Enterprise, Inc. (AXON) has a higher volatility of 19.02% compared to Bitcoin (BTC-USD) at 11.59%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.02% | 11.59% | +7.43% |
Volatility (6M)Calculated over the trailing 6-month period | 44.22% | 34.53% | +9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.73% | 35.67% | +20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 44.95% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.19% | 56.71% | -7.52% |
Frequently Asked Questions
AXON and BTC-USD 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.
AXON has higher volatility (19.02%) compared to BTC-USD (11.59%). In terms of maximum drawdown, AXON dropped -91.78% vs BTC-USD's -85.30%.
AXON currently has the higher Sharpe Ratio (-0.73 vs -0.95), 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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