AXON vs. NRG
AXON (Axon Enterprise, Inc.) and NRG (NRG Energy, Inc.) are both stocks. AXON operates in Aerospace & Defense (Industrials), while NRG operates in Utilities - Independent Power Producers (Utilities). Over the past 10 years, AXON returned 34.58%/yr vs 26.90%/yr for NRG. At a 0.22 correlation, their price movements are largely independent.
Performance
AXON vs. NRG - 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 NRG's -20.72% return. Over the past 10 years, AXON has outperformed NRG with an annualized return of 34.58%, while NRG has yielded a comparatively lower 26.90% annualized return.
AXON
- 1D
- -1.00%
- 1M
- 17.23%
- YTD
- -22.22%
- 6M
- -21.72%
- 1Y
- -43.02%
- 3Y*
- 30.96%
- 5Y*
- 22.92%
- 10Y*
- 34.58%
NRG
- 1D
- 1.43%
- 1M
- -4.28%
- YTD
- -20.72%
- 6M
- -21.80%
- 1Y
- -15.96%
- 3Y*
- 57.21%
- 5Y*
- 30.96%
- 10Y*
- 26.90%
AXON vs. NRG - 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% |
NRG NRG Energy, Inc. | -20.72% | 78.91% | 78.58% | 69.36% | -23.47% | 18.54% | -2.14% | 0.69% | 39.59% | 133.69% |
Correlation
The correlation between AXON and NRG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2003 | 0.22 |
The correlation between AXON and NRG shifts across timeframes, from 0.19 (1 year) to 0.32 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$36.43B
NRG:
$26.10B
AXON:
$2.41
NRG:
$1.21
AXON:
183.64
NRG:
103.60
AXON:
0.05
NRG:
1.56
AXON:
12.70
NRG:
0.76
AXON:
10.31
NRG:
6.18
AXON:
$2.98B
NRG:
$32.38B
AXON:
$1.77B
NRG:
$4.69B
AXON:
$156.24M
NRG:
$2.57B
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Return for Risk
AXON vs. NRG — Risk / Return Rank
AXON
NRG
AXON vs. NRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and NRG Energy, Inc. (NRG). 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 | NRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.97 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.47 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.22 | -1.16 | -0.05 |
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Drawdowns
AXON vs. NRG - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than NRG's maximum drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for AXON and NRG.
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Drawdown Indicators
| AXON | NRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -79.41% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -34.24% | -26.04% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -34.24% | -26.04% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -34.24% | -26.04% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -48.76% | -11.52% |
Current DrawdownCurrent decline from peak | -49.28% | -31.61% | -17.67% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -27.99% | -15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 13.73% | +21.61% |
Volatility
AXON vs. NRG - Volatility Comparison
Axon Enterprise, Inc. (AXON) has a higher volatility of 17.73% compared to NRG Energy, Inc. (NRG) at 15.26%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than NRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | NRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 15.26% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 35.10% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 44.88% | +10.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 40.03% | +7.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 39.16% | +10.02% |
Dividends
AXON vs. NRG - Dividend Comparison
AXON has not paid dividends to shareholders, while NRG's dividend yield for the trailing twelve months is around 1.46%.
| 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% |
NRG NRG Energy, Inc. | 1.46% | 1.11% | 1.81% | 2.92% | 4.40% | 3.02% | 3.20% | 0.30% | 0.30% | 0.42% | 1.92% | 4.93% |
Financials
AXON vs. NRG - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and NRG Energy, 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. NRG - 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%.
NRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. 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%.
NRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.
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%.
NRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.
Frequently Asked Questions
AXON and NRG have a correlation of 0.19, 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 NRG (15.26%). In terms of maximum drawdown, AXON dropped -91.78% vs NRG's -79.41%.
NRG currently has the higher Sharpe Ratio (-0.36 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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