AXON vs. MPWR
AXON (Axon Enterprise, Inc.) and MPWR (Monolithic Power Systems, Inc.) are both stocks. AXON operates in Aerospace & Defense (Industrials), while MPWR operates in Semiconductors (Technology). Over the past 10 years, AXON returned 34.58%/yr vs 37.94%/yr for MPWR. At a 0.35 correlation, their price movements are largely independent.
Performance
AXON vs. MPWR - 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 MPWR's 74.38% return. Over the past 10 years, AXON has underperformed MPWR with an annualized return of 34.58%, while MPWR has yielded a comparatively higher 37.94% 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%
MPWR
- 1D
- -0.77%
- 1M
- 1.76%
- YTD
- 74.38%
- 6M
- 67.26%
- 1Y
- 136.15%
- 3Y*
- 44.43%
- 5Y*
- 36.35%
- 10Y*
- 37.94%
AXON vs. MPWR - 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% |
MPWR Monolithic Power Systems, Inc. | 74.38% | 54.45% | -5.55% | 79.78% | -27.78% | 35.49% | 107.49% | 54.80% | 4.49% | 38.23% |
Correlation
The correlation between AXON and MPWR is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004 | 0.35 |
Over the past year, the correlation between AXON and MPWR has dropped to 0.04 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
Fundamentals
AXON:
$36.43B
MPWR:
$77.67B
AXON:
$2.41
MPWR:
$13.89
AXON:
183.64
MPWR:
113.54
AXON:
0.05
MPWR:
1.43
AXON:
12.70
MPWR:
25.93
AXON:
10.31
MPWR:
21.12
AXON:
$2.98B
MPWR:
$2.96B
AXON:
$1.77B
MPWR:
$1.63B
AXON:
$156.24M
MPWR:
$861.78M
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Return for Risk
AXON vs. MPWR — Risk / Return Rank
AXON
MPWR
AXON vs. MPWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Monolithic Power Systems, Inc. (MPWR). 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 | MPWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.37 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 5.43 | -6.14 |
| Martin ratioReturn relative to average drawdown | -1.22 | 14.45 | -15.67 |
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Drawdowns
AXON vs. MPWR - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than MPWR's maximum drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for AXON and MPWR.
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Drawdown Indicators
| AXON | MPWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -72.27% | -19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -22.45% | -37.83% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -51.65% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -51.65% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -51.65% | -8.63% |
Current DrawdownCurrent decline from peak | -49.28% | -6.66% | -42.62% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -17.71% | -25.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 8.44% | +26.90% |
Volatility
AXON vs. MPWR - Volatility Comparison
The current volatility for Axon Enterprise, Inc. (AXON) is 17.73%, while Monolithic Power Systems, Inc. (MPWR) has a volatility of 20.33%. This indicates that AXON experiences smaller price fluctuations and is considered to be less risky than MPWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | MPWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 20.33% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 37.42% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 48.53% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 53.53% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 47.23% | +1.95% |
Dividends
AXON vs. MPWR - Dividend Comparison
AXON has not paid dividends to shareholders, while MPWR's dividend yield for the trailing twelve months is around 0.42%.
| 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% |
MPWR Monolithic Power Systems, Inc. | 0.42% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
Financials
AXON vs. MPWR - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Monolithic Power Systems, 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. MPWR - 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%.
MPWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a gross profit of 445.07M and revenue of 804.19M. Therefore, the gross margin over that period was 55.3%.
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%.
MPWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported an operating income of 241.15M and revenue of 804.19M, resulting in an operating margin of 30.0%.
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%.
MPWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a net income of 193.23M and revenue of 804.19M, resulting in a net margin of 24.0%.
Frequently Asked Questions
AXON and MPWR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPWR has higher volatility (20.33%) compared to AXON (17.73%). In terms of maximum drawdown, AXON dropped -91.78% vs MPWR's -72.27%.
MPWR currently has the higher Sharpe Ratio (2.51 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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