AXON vs. FNMA
AXON (Axon Enterprise, Inc.) and FNMA (Federal National Mortgage Association) are both stocks. AXON operates in Aerospace & Defense (Industrials), while FNMA operates in Mortgage Finance (Financial Services). Over the past 10 years, AXON returned 34.58%/yr vs 12.27%/yr for FNMA. At a 0.16 correlation, their price movements are largely independent.
Performance
AXON vs. FNMA - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -22.22% return, which is significantly higher than FNMA's -39.52% return. Over the past 10 years, AXON has outperformed FNMA with an annualized return of 34.58%, while FNMA has yielded a comparatively lower 12.27% annualized 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%
FNMA
- 1D
- 2.72%
- 1M
- -16.90%
- YTD
- -39.52%
- 6M
- -39.35%
- 1Y
- -32.56%
- 3Y*
- 145.80%
- 5Y*
- 22.01%
- 10Y*
- 12.27%
AXON vs. FNMA - 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% |
FNMA Federal National Mortgage Association | -39.52% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
Correlation
The correlation between AXON and FNMA is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.16 |
The correlation between AXON and FNMA shifts across timeframes, from 0.05 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$36.43B
FNMA:
$38.25B
AXON:
$2.41
FNMA:
$2.77
AXON:
183.64
FNMA:
2.34
AXON:
0.05
FNMA:
0.00
AXON:
12.70
FNMA:
0.24
AXON:
$2.98B
FNMA:
$161.03B
AXON:
$1.77B
FNMA:
$117.99B
AXON:
$156.24M
FNMA:
$111.39B
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Return for Risk
AXON vs. FNMA — Risk / Return Rank
AXON
FNMA
AXON vs. FNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Federal National Mortgage Association (FNMA). 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 | FNMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.00 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.49 | -0.22 |
| Martin ratioReturn relative to average drawdown | -1.22 | -0.91 | -0.31 |
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Drawdowns
AXON vs. FNMA - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, smaller than the maximum FNMA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for AXON and FNMA.
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Drawdown Indicators
| AXON | FNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -99.74% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -69.76% | +9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -69.76% | +9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -84.50% | +24.22% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -92.13% | +31.85% |
Current DrawdownCurrent decline from peak | -49.28% | -91.14% | +41.86% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -46.18% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 37.56% | -2.22% |
Volatility
AXON vs. FNMA - Volatility Comparison
Axon Enterprise, Inc. (AXON) and Federal National Mortgage Association (FNMA) have volatilities of 17.73% and 18.31%, 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 | FNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 18.31% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 66.11% | -21.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 93.38% | -37.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 91.93% | -43.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 81.90% | -32.72% |
Dividends
AXON vs. FNMA - Dividend Comparison
Neither AXON nor FNMA has paid dividends to shareholders.
Financials
AXON vs. FNMA - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Federal National Mortgage Association. 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. FNMA - 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%.
FNMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a gross profit of 0.00 and revenue of 40.22B. Therefore, the gross margin over that period was 0.0%.
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%.
FNMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported an operating income of 0.00 and revenue of 40.22B, resulting in an operating margin of 0.0%.
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%.
FNMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a net income of 5.61B and revenue of 40.22B, resulting in a net margin of 13.9%.
Frequently Asked Questions
AXON and FNMA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNMA has higher volatility (18.31%) compared to AXON (17.73%). In terms of maximum drawdown, AXON dropped -91.78% vs FNMA's -99.74%.
FNMA currently has the higher Sharpe Ratio (-0.37 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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