AXON vs. MCHP
AXON (Axon Enterprise, Inc.) and MCHP (Microchip Technology Incorporated) are both stocks. AXON operates in Aerospace & Defense (Industrials), while MCHP operates in Semiconductors (Technology). Over the past 10 years, AXON returned 34.58%/yr vs 15.99%/yr for MCHP. At a 0.30 correlation, their price movements are largely independent.
Performance
AXON vs. MCHP - 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 MCHP's 51.10% return. Over the past 10 years, AXON has outperformed MCHP with an annualized return of 34.58%, while MCHP has yielded a comparatively lower 15.99% annualized return.
AXON
- 1D
- -1.00%
- 1M
- 13.79%
- YTD
- -22.22%
- 6M
- -21.72%
- 1Y
- -43.41%
- 3Y*
- 30.96%
- 5Y*
- 22.92%
- 10Y*
- 34.58%
MCHP
- 1D
- 2.47%
- 1M
- -1.36%
- YTD
- 51.10%
- 6M
- 43.32%
- 1Y
- 48.83%
- 3Y*
- 6.19%
- 5Y*
- 6.57%
- 10Y*
- 15.99%
AXON vs. MCHP - 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% |
MCHP Microchip Technology Incorporated | 51.10% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
Correlation
The correlation between AXON and MCHP is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.30 |
Over the past year, the correlation between AXON and MCHP has dropped to 0.10 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
AXON:
$2.41
MCHP:
$0.43
AXON:
183.64
MCHP:
221.70
AXON:
0.05
MCHP:
3.34
AXON:
12.70
MCHP:
8.20
AXON:
$2.98B
MCHP:
$4.71B
AXON:
$1.77B
MCHP:
$2.72B
AXON:
$156.24M
MCHP:
$1.02B
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Return for Risk
AXON vs. MCHP — Risk / Return Rank
AXON
MCHP
AXON vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Microchip Technology Incorporated (MCHP). 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 | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.20 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.28 | -2.00 |
| Martin ratioReturn relative to average drawdown | -1.22 | 3.40 | -4.62 |
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Drawdowns
AXON vs. MCHP - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for AXON and MCHP.
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Drawdown Indicators
| AXON | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -63.77% | -28.01% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -34.41% | -25.87% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -63.77% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -63.77% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -63.77% | +3.49% |
Current DrawdownCurrent decline from peak | -49.28% | -7.00% | -42.28% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -16.71% | -26.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 12.99% | +22.35% |
Volatility
AXON vs. MCHP - Volatility Comparison
Axon Enterprise, Inc. (AXON) has a higher volatility of 17.73% compared to Microchip Technology Incorporated (MCHP) at 16.18%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 16.18% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 32.33% | +11.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 44.05% | +11.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 44.17% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 41.91% | +7.27% |
Dividends
AXON vs. MCHP - Dividend Comparison
AXON has not paid dividends to shareholders, while MCHP's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MCHP Microchip Technology Incorporated | 1.91% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
Financials
AXON vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Microchip Technology Incorporated. 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. MCHP - 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%.
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a gross profit of 967.30M and revenue of 1.31B. Therefore, the gross margin over that period was 73.8%.
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%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported an operating income of 211.10M and revenue of 1.31B, resulting in an operating margin of 16.1%.
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%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a net income of 116.40M and revenue of 1.31B, resulting in a net margin of 8.9%.
Frequently Asked Questions
AXON and MCHP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (17.73%) compared to MCHP (16.18%). In terms of maximum drawdown, AXON dropped -91.78% vs MCHP's -63.77%.
MCHP currently has the higher Sharpe Ratio (1.01 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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