AXON vs. ITRI
AXON (Axon Enterprise, Inc.) and ITRI (Itron, Inc.) are both stocks. AXON operates in Aerospace & Defense (Industrials), while ITRI operates in Scientific & Technical Instruments (Technology). Over the past 10 years, AXON returned 33.73%/yr vs 8.86%/yr for ITRI. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
AXON vs. ITRI - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -7.07% return, which is significantly lower than ITRI's 7.32% return. Over the past 10 years, AXON has outperformed ITRI with an annualized return of 33.73%, while ITRI has yielded a comparatively lower 8.86% annualized return.
AXON
- 1D
- 0.47%
- 1M
- -11.60%
- 6M
- 9.14%
- YTD
- -7.07%
- 1Y
- -28.92%
- 3Y*
- 42.26%
- 5Y*
- 23.19%
- 10Y*
- 33.73%
- ALL TIME*
- 31.09%
ITRI
- 1D
- 0.82%
- 1M
- 17.10%
- 6M
- 0.59%
- YTD
- 7.32%
- 1Y
- -19.09%
- 3Y*
- 8.28%
- 5Y*
- 0.21%
- 10Y*
- 8.86%
- ALL TIME*
- 6.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $369.42M | $464.43M | $527.88M | |
ITRI Itron, Inc. | $165.29M | $99.31M | $71.39M |
AXON vs. ITRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -7.07% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
ITRI Itron, Inc. | 7.32% | -14.48% | 43.80% | 49.08% | -26.08% | -28.55% | 14.23% | 77.52% | -30.66% | 8.51% |
Correlation
The correlation between AXON and ITRI is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.28 |
The correlation between AXON and ITRI shifts across timeframes, from 0.26 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$42.54B
ITRI:
$4.36B
AXON:
$2.37
ITRI:
$5.98
AXON:
222.54
ITRI:
16.65
AXON:
0.06
ITRI:
0.29
AXON:
15.38
ITRI:
1.98
AXON:
12.32
ITRI:
2.78
AXON:
$2.98B
ITRI:
$2.30B
AXON:
$1.77B
ITRI:
$918.24M
AXON:
$156.24M
ITRI:
$352.46M
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Return for Risk
AXON vs. ITRI — Risk / Return Rank
AXON
ITRI
AXON vs. ITRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Itron, Inc. (ITRI). 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 | ITRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.95 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.46 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.68 | -0.11 |
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Drawdowns
AXON vs. ITRI - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, roughly equal to the maximum ITRI drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for AXON and ITRI.
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Drawdown Indicators
| AXON | ITRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -94.36% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -43.54% | -16.74% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -43.64% | -16.64% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -57.21% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -65.26% | +4.98% |
Current DrawdownCurrent decline from peak | -39.41% | -28.00% | -11.41% |
Average DrawdownAverage peak-to-trough decline | -43.59% | -46.54% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.23% | 29.25% | +8.98% |
Volatility
AXON vs. ITRI - Volatility Comparison
The current volatility for Axon Enterprise, Inc. (AXON) is 15.08%, while Itron, Inc. (ITRI) has a volatility of 24.91%. This indicates that AXON experiences smaller price fluctuations and is considered to be less risky than ITRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | ITRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 24.91% | -9.83% |
Volatility (6M)Calculated over the trailing 6-month period | 46.71% | 35.26% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.78% | 48.38% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.93% | 44.31% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.63% | 44.08% | +5.55% |
Dividends
AXON vs. ITRI - Dividend Comparison
Neither AXON nor ITRI has paid dividends to shareholders.
Financials
AXON vs. ITRI - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Itron, 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. ITRI - Profitability Comparison
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
ITRI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Itron, Inc. reported a gross profit of 230.64M and revenue of 562.90M. Therefore, the gross margin over that period was 41.0%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
ITRI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Itron, Inc. reported an operating income of 75.85M and revenue of 562.90M, resulting in an operating margin of 13.5%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
ITRI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Itron, Inc. reported a net income of 53.47M and revenue of 562.90M, resulting in a net margin of 9.5%.
Frequently Asked Questions
AXON and ITRI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITRI has higher volatility (24.91%) compared to AXON (15.08%). In terms of maximum drawdown, AXON dropped -91.78% vs ITRI's -94.36%.
ITRI currently has the higher Sharpe Ratio (-0.42 vs -0.51), 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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