AXON vs. SHOP
AXON (Axon Enterprise, Inc.) and SHOP (Shopify Inc.) are both stocks. AXON operates in Aerospace & Defense (Industrials), while SHOP operates in Software - Application (Technology). Over the past 10 years, AXON returned 35.39%/yr vs 44.31%/yr for SHOP. At a 0.40 correlation, their price movements are largely independent.
Performance
AXON vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -17.06% return, which is significantly higher than SHOP's -31.18% return. Over the past 10 years, AXON has underperformed SHOP with an annualized return of 35.39%, while SHOP has yielded a comparatively higher 44.31% annualized return.
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
SHOP
- 1D
- 1.13%
- 1M
- 0.34%
- YTD
- -31.18%
- 6M
- -30.07%
- 1Y
- -0.57%
- 3Y*
- 21.77%
- 5Y*
- -1.84%
- 10Y*
- 44.31%
AXON vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between AXON and SHOP is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.40 |
The correlation between AXON and SHOP shifts across timeframes, from 0.40 (all time) to 0.51 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$38.85B
SHOP:
$144.39B
AXON:
$2.41
SHOP:
$1.02
AXON:
195.83
SHOP:
108.75
AXON:
0.06
SHOP:
0.21
AXON:
13.54
SHOP:
15.75
AXON:
10.99
SHOP:
11.55
AXON:
$2.98B
SHOP:
$9.20B
AXON:
$1.77B
SHOP:
$5.93B
AXON:
$156.24M
SHOP:
$1.60B
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Return for Risk
AXON vs. SHOP — Risk / Return Rank
AXON
SHOP
AXON vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Shopify Inc. (SHOP). 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.
| AXON | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.05 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.01 | -0.66 |
| Martin ratioReturn relative to average drawdown | -1.17 | -0.03 | -1.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AXON | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | -0.01 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.03 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.75 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.69 | -0.17 |
Drawdowns
AXON vs. SHOP - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for AXON and SHOP.
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Drawdown Indicators
| AXON | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -84.82% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -46.71% | -13.57% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -46.71% | -13.57% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -84.82% | +24.54% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -84.82% | +24.54% |
Current DrawdownCurrent decline from peak | -45.92% | -38.12% | -7.80% |
Average DrawdownAverage peak-to-trough decline | -43.59% | -28.22% | -15.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.81% | 21.74% | +13.07% |
Volatility
AXON vs. SHOP - Volatility Comparison
Axon Enterprise, Inc. (AXON) has a higher volatility of 19.02% compared to Shopify Inc. (SHOP) at 17.86%. This indicates that AXON's price experiences larger fluctuations and is considered to be riskier than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.02% | 17.86% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 44.22% | 43.67% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.73% | 57.27% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 65.57% | -17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.19% | 59.09% | -9.90% |
Dividends
AXON vs. SHOP - Dividend Comparison
Neither AXON nor SHOP has paid dividends to shareholders.
Financials
AXON vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Shopify 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
Frequently Asked Questions
AXON and SHOP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (19.02%) compared to SHOP (17.86%). In terms of maximum drawdown, AXON dropped -91.78% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.01 vs -0.73), 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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