AXON vs. PLTR
AXON (Axon Enterprise, Inc.) and PLTR (Palantir Technologies Inc.) are both stocks. AXON operates in Aerospace & Defense (Industrials), while PLTR operates in Software - Infrastructure (Technology). Over the past 5 years, AXON returned 22.92%/yr vs 39.00%/yr for PLTR. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
AXON vs. PLTR - 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 PLTR's -27.99% 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%
PLTR
- 1D
- -2.36%
- 1M
- -4.48%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -6.85%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
AXON vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -22.22% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 38.26% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -22.68% | 135.50% |
Correlation
The correlation between AXON and PLTR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.52 |
The correlation between AXON and PLTR has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.
Fundamentals
AXON:
$36.43B
PLTR:
$329.05B
AXON:
$2.41
PLTR:
$0.89
AXON:
183.64
PLTR:
144.03
AXON:
0.05
PLTR:
0.84
AXON:
12.70
PLTR:
62.90
AXON:
10.31
PLTR:
38.94
AXON:
$2.98B
PLTR:
$5.22B
AXON:
$1.77B
PLTR:
$4.39B
AXON:
$156.24M
PLTR:
$2.01B
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Return for Risk
AXON vs. PLTR — Risk / Return Rank
AXON
PLTR
AXON vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.03 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.14 | -0.58 |
| Martin ratioReturn relative to average drawdown | -1.22 | -0.25 | -0.97 |
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Drawdowns
AXON vs. PLTR - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than PLTR's maximum drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for AXON and PLTR.
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Drawdown Indicators
| AXON | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -84.62% | -7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -38.22% | -22.06% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -40.61% | -19.67% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -79.14% | +18.86% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | — | — |
Current DrawdownCurrent decline from peak | -49.28% | -38.22% | -11.06% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -40.27% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 21.23% | +14.11% |
Volatility
AXON vs. PLTR - Volatility Comparison
Axon Enterprise, Inc. (AXON) and Palantir Technologies Inc. (PLTR) have volatilities of 17.73% and 17.16%, 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 | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 17.16% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 38.32% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 50.83% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 65.44% | -17.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 69.75% | -20.57% |
Dividends
AXON vs. PLTR - Dividend Comparison
Neither AXON nor PLTR has paid dividends to shareholders.
Financials
AXON vs. PLTR - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Palantir Technologies 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. PLTR - 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%.
PLTR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a gross profit of 1.42B and revenue of 1.63B. Therefore, the gross margin over that period was 86.8%.
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%.
PLTR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported an operating income of 754.00M and revenue of 1.63B, resulting in an operating margin of 46.2%.
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%.
PLTR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a net income of 870.53M and revenue of 1.63B, resulting in a net margin of 53.3%.
Frequently Asked Questions
AXON and PLTR have a correlation of 0.51, 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 PLTR (17.16%). In terms of maximum drawdown, AXON dropped -91.78% vs PLTR's -84.62%.
PLTR currently has the higher Sharpe Ratio (-0.11 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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