AXON vs. WPM.TO
AXON (Axon Enterprise, Inc.) and WPM.TO (Wheaton Precious Metals Corp.) are both stocks. AXON operates in Aerospace & Defense (Industrials), while WPM.TO operates in Gold (Basic Materials). Over the past 10 years, AXON returned 34.58%/yr vs 20.53%/yr for WPM.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
AXON vs. WPM.TO - Performance Comparison
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Different Trading Currencies
AXON is traded in USD, while WPM.TO is traded in CAD. To make them comparable, the WPM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AXON achieves a -22.22% return, which is significantly lower than WPM.TO's -1.20% return. Over the past 10 years, AXON has outperformed WPM.TO with an annualized return of 34.58%, while WPM.TO has yielded a comparatively lower 20.53% 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%
WPM.TO
- 1D
- 3.00%
- 1M
- -18.29%
- YTD
- -1.20%
- 6M
- -0.85%
- 1Y
- 29.77%
- 3Y*
- 38.71%
- 5Y*
- 20.51%
- 10Y*
- 20.53%
AXON vs. WPM.TO - 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% |
WPM.TO Wheaton Precious Metals Corp. | -1.20% | 110.53% | 15.36% | 28.25% | -6.96% | 3.25% | 42.44% | 53.50% | -9.83% | 16.79% |
Correlation
The correlation between AXON and WPM.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.13 |
Fundamentals
AXON:
$36.43B
WPM.TO:
CA$73.85B
AXON:
$2.41
WPM.TO:
$3.96
AXON:
183.64
WPM.TO:
29.36
AXON:
0.05
WPM.TO:
0.79
AXON:
12.70
WPM.TO:
19.24
AXON:
10.31
WPM.TO:
5.71
AXON:
$2.98B
WPM.TO:
$2.74B
AXON:
$1.77B
WPM.TO:
$2.12B
AXON:
$156.24M
WPM.TO:
$2.37B
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Return for Risk
AXON vs. WPM.TO — Risk / Return Rank
AXON
WPM.TO
AXON vs. WPM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and Wheaton Precious Metals Corp. (WPM.TO). 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 | WPM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.86 | -1.57 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.45 | -3.67 |
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Drawdowns
AXON vs. WPM.TO - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than WPM.TO's maximum drawdown of -86.62%. Use the drawdown chart below to compare losses from any high point for AXON and WPM.TO.
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Drawdown Indicators
| AXON | WPM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -86.62% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -34.97% | -25.31% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -34.97% | -25.31% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -42.43% | -17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -48.37% | -11.91% |
Current DrawdownCurrent decline from peak | -49.28% | -29.80% | -19.48% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -31.38% | -12.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.34% | 12.17% | +23.17% |
Volatility
AXON vs. WPM.TO - Volatility Comparison
Axon Enterprise, Inc. (AXON) and Wheaton Precious Metals Corp. (WPM.TO) have volatilities of 17.73% and 17.80%, 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 | WPM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.73% | 17.80% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 44.20% | 38.50% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.66% | 45.46% | +10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.94% | 34.10% | +13.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.18% | 35.73% | +13.45% |
Dividends
AXON vs. WPM.TO - Dividend Comparison
AXON has not paid dividends to shareholders, while WPM.TO's dividend yield for the trailing twelve months is around 0.62%.
| 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% |
WPM.TO Wheaton Precious Metals Corp. | 0.62% | 0.57% | 1.05% | 1.25% | 1.40% | 1.05% | 1.08% | 1.24% | 1.75% | 1.54% | 1.06% | 1.48% |
Financials
AXON vs. WPM.TO - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and Wheaton Precious Metals Corp.. 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. WPM.TO - 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%.
WPM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported a gross profit of 687.49M and revenue of 886.69M. Therefore, the gross margin over that period was 77.5%.
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%.
WPM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported an operating income of 665.21M and revenue of 886.69M, resulting in an operating margin of 75.0%.
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%.
WPM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wheaton Precious Metals Corp. reported a net income of 572.50M and revenue of 886.69M, resulting in a net margin of 64.6%.
Frequently Asked Questions
AXON and WPM.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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