AXON vs. CRDO
AXON (Axon Enterprise, Inc.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. AXON operates in Aerospace & Defense (Industrials), while CRDO operates in Semiconductors (Technology). Over the past 3 years, AXON returned 30.96%/yr vs 142.90%/yr for CRDO. At a 0.40 correlation, their price movements are largely independent.
Performance
AXON vs. CRDO - 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 CRDO's 74.31% return.
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%
CRDO
- 1D
- -5.27%
- 1M
- 45.68%
- YTD
- 74.31%
- 6M
- 74.28%
- 1Y
- 241.28%
- 3Y*
- 142.90%
- 5Y*
- —
- 10Y*
- —
AXON vs. CRDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -22.22% | -4.44% | 130.06% | 55.69% | 29.44% |
CRDO Credo Technology Group Holding Ltd | 74.31% | 114.09% | 245.20% | 46.28% | 10.00% |
Correlation
The correlation between AXON and CRDO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.40 |
The correlation between AXON and CRDO shifts across timeframes, from 0.25 (1 year) to 0.40 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$36.43B
CRDO:
$48.33B
AXON:
$2.41
CRDO:
$2.50
AXON:
183.64
CRDO:
100.50
AXON:
0.05
CRDO:
0.09
AXON:
12.70
CRDO:
35.55
AXON:
10.31
CRDO:
23.42
AXON:
$2.98B
CRDO:
$1.34B
AXON:
$1.77B
CRDO:
$908.35M
AXON:
$156.24M
CRDO:
$463.79M
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Return for Risk
AXON vs. CRDO — Risk / Return Rank
AXON
CRDO
AXON vs. CRDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Credo Technology Group Holding Ltd (CRDO). 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 | CRDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.35 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 4.46 | -5.18 |
| Martin ratioReturn relative to average drawdown | -1.22 | 10.76 | -11.98 |
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Drawdowns
AXON vs. CRDO - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for AXON and CRDO.
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Drawdown Indicators
| AXON | CRDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -62.04% | -29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -53.59% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -61.05% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | — | — |
Current DrawdownCurrent decline from peak | -49.28% | -5.27% | -44.01% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -19.38% | -24.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 22.17% | +13.17% |
Volatility
AXON vs. CRDO - Volatility Comparison
The current volatility for Axon Enterprise, Inc. (AXON) is 17.73%, while Credo Technology Group Holding Ltd (CRDO) has a volatility of 28.41%. This indicates that AXON experiences smaller price fluctuations and is considered to be less risky than CRDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | CRDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 28.41% | -10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 65.16% | -20.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 85.70% | -30.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 81.50% | -33.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 81.50% | -32.32% |
Dividends
AXON vs. CRDO - Dividend Comparison
Neither AXON nor CRDO has paid dividends to shareholders.
Financials
AXON vs. CRDO - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Credo Technology Group Holding Ltd. 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. CRDO - 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%.
CRDO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a gross profit of 298.07M and revenue of 437.00M. Therefore, the gross margin over that period was 68.2%.
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%.
CRDO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported an operating income of 155.85M and revenue of 437.00M, resulting in an operating margin of 35.7%.
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%.
CRDO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a net income of 169.10M and revenue of 437.00M, resulting in a net margin of 38.7%.
Frequently Asked Questions
AXON and CRDO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDO has higher volatility (28.41%) compared to AXON (17.73%). In terms of maximum drawdown, AXON dropped -91.78% vs CRDO's -62.04%.
CRDO currently has the higher Sharpe Ratio (2.79 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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