BNY vs. AXON

Last updated Jun 9, 2026

BNY (The Bank of New York Mellon Corporation) and AXON (Axon Enterprise, Inc.) are both stocks. BNY operates in Banks - Diversified (Financial Services), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, BNY returned 16.08%/yr vs 35.39%/yr for AXON. At a 0.28 correlation, their price movements are largely independent.

Performance

BNY vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Bank of New York Mellon Corporation (BNY) and Axon Enterprise, Inc. (AXON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNY achieves a 23.16% return, which is significantly higher than AXON's -17.06% return. Over the past 10 years, BNY has underperformed AXON with an annualized return of 16.08%, while AXON has yielded a comparatively higher 35.39% annualized return.

BNY

• 1D: -0.43%
• 1M: 8.64%
• YTD: 23.16%
• 6M: 24.93%
• 1Y: 59.92%
• 3Y*: 51.12%
• 5Y*: 26.33%
• 10Y*: 16.08%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNY vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BNY The Bank of New York Mellon Corporation	23.16%	54.45%	51.90%	18.52%	-19.14%	40.55%	-12.91%	9.56%	-10.85%	15.68%
AXON Axon Enterprise, Inc.	-17.06%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Correlation

The correlation between BNY and AXON is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 8, 2001	0.28

Fundamentals

Market Cap BNY : $98.99B AXON : $38.85B
EPS BNY : $8.43 AXON : $2.41
PE Ratio BNY : 16.81 AXON : 195.83
PEG Ratio BNY : 0.83 AXON : 0.06
PS Ratio BNY : 2.47 AXON : 13.54
PB Ratio BNY : 2.51 AXON : 10.99
Total Revenue (TTM) BNY : $40.65B AXON : $2.98B
Gross Profit (TTM) BNY : $20.54B AXON : $1.77B
EBITDA (TTM) BNY : $8.96B AXON : $156.24M

Return for Risk

BNY vs. AXON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNY

BNY Risk / Return Rank: 94
BNY Sharpe Ratio Rank: 95
BNY Sortino Ratio Rank: 94
BNY Omega Ratio Rank: 93
BNY Calmar Ratio Rank: 94
BNY Martin Ratio Rank: 94

AXON

AXON Risk / Return Rank: 14
AXON Sharpe Ratio Rank: 11
AXON Sortino Ratio Rank: 13
AXON Omega Ratio Rank: 13
AXON Calmar Ratio Rank: 17
AXON Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNY vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of New York Mellon Corporation (BNY) and Axon Enterprise, Inc. (AXON). 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.

	BNY	AXON	Difference
Sharpe ratio: Return per unit of total volatility	3.03	-0.73	+3.76
Sortino ratio: Return per unit of downside risk	3.76	-0.93	+4.69
Omega ratio: Gain probability vs. loss probability	1.49	0.88	+0.61
Calmar ratio: Return relative to maximum drawdown	5.93	-0.67	+6.61
Martin ratio: Return relative to average drawdown	16.81	-1.17	+17.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNY vs. AXON - Sharpe Ratio Comparison

The current BNY Sharpe Ratio is 3.03, which is higher than the AXON Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of BNY and AXON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BNY	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.03	-0.73	+3.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.55	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.72	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.51	-0.15

Drawdowns

BNY vs. AXON - Drawdown Comparison

The maximum BNY drawdown since its inception was -72.28%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for BNY and AXON.

Drawdown Indicators

	BNY	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-72.28%	-91.78%	+19.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-60.28%	+50.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-60.28%	+42.70%
Max Drawdown (5Y) Largest decline over 5 years	-40.45%	-60.28%	+19.83%
Max Drawdown (10Y) Largest decline over 10 years	-50.49%	-60.28%	+9.79%
Current Drawdown Current decline from peak	-1.56%	-45.92%	+44.36%
Average Drawdown Average peak-to-trough decline	-18.71%	-43.59%	+24.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	34.81%	-31.23%

Volatility

BNY vs. AXON - Volatility Comparison

The current volatility for The Bank of New York Mellon Corporation (BNY) is 4.88%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.02%. This indicates that BNY experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNY	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	19.02%	-14.14%
Volatility (6M) Calculated over the trailing 6-month period	15.93%	44.22%	-28.29%
Volatility (1Y) Calculated over the trailing 1-year period	19.89%	55.73%	-35.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.60%	47.97%	-23.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.05%	49.19%	-22.14%

Dividends

BNY vs. AXON - Dividend Comparison

BNY's dividend yield for the trailing twelve months is around 1.50%, while AXON has not paid dividends to shareholders.

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%
BNY The Bank of New York Mellon Corporation	1.50%	1.72%	2.32%	3.04%	3.12%	2.24%	2.92%	2.34%	2.21%	1.60%	1.52%	1.65%

Financials

BNY vs. AXON - Profitability Comparison

The chart below illustrates the profitability comparison between The Bank of New York Mellon Corporation and Axon Enterprise, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a gross profit of 5.42B and revenue of 9.86B. Therefore, the gross margin over that period was 54.9%.

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%.

BNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported an operating income of 2.02B and revenue of 9.86B, resulting in an operating margin of 20.4%.

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%.

BNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a net income of 1.63B and revenue of 9.86B, resulting in a net margin of 16.6%.

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%.

Frequently Asked Questions

Can I hold both BNY and AXON in my portfolio?

BNY and AXON have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BNY or AXON?

AXON has higher volatility (19.02%) compared to BNY (4.88%). In terms of maximum drawdown, BNY dropped -72.28% vs AXON's -91.78%.

Which has better risk-adjusted returns?

BNY currently has the higher Sharpe Ratio (3.03 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.