BPOP vs. AX

Last updated Aug 1, 2026

BPOP (Popular, Inc.) and AX (Axos Financial, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, BPOP returned 22.67%/yr vs 16.21%/yr for AX. Their 0.71 correlation means they have sometimes moved together and sometimes differently.

Performance

BPOP vs. AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Popular, Inc. (BPOP) and Axos Financial, Inc. (AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPOP achieves a 42.23% return, which is significantly higher than AX's 17.70% return.

BPOP

• 1D: 0.05%
• 1M: 4.75%
• 6M: 32.63%
• YTD: 42.23%
• 1Y: 58.43%
• 3Y*: 38.06%
• 5Y*: 22.67%
• 10Y*: 21.11%
• ALL TIME*: 5.53%

AX

• 1D: 2.98%
• 1M: 3.59%
• 6M: 2.44%
• YTD: 17.70%
• 1Y: 20.14%
• 3Y*: 30.46%
• 5Y*: 16.21%
• 10Y*: —
• ALL TIME*: 14.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AX Axos Financial, Inc.	$35.62M	$35.98M	$36.63M
BPOP Popular, Inc.	$87.46M	$87.41M	$83.49M

BPOP vs. AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BPOP Popular, Inc.	42.23%	36.01%	17.86%	28.33%	-16.78%	49.06%	0.00%	27.21%	-7.45%
AX Axos Financial, Inc.	17.70%	23.35%	27.93%	42.86%	-31.64%	48.97%	23.94%	20.25%	-27.83%

Correlation

The correlation between BPOP and AX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018	0.71

The correlation between BPOP and AX has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Fundamentals

Market Cap BPOP : $11.19B AX : $5.77B
EPS BPOP : $14.74 AX : $8.45
PE Ratio BPOP : 11.88 AX : 11.99
PS Ratio BPOP : 2.56 AX : 3.63
Total Revenue (TTM) BPOP : $4.50B AX : $1.62B
Gross Profit (TTM) BPOP : $3.11B AX : $1.01B
EBITDA (TTM) BPOP : $1.17B AX : $544.51M

Return for Risk

BPOP vs. AX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BPOP

BPOP Risk / Return Rank: 92
BPOP Sharpe Ratio Rank: 94
BPOP Sortino Ratio Rank: 91
BPOP Omega Ratio Rank: 92
BPOP Calmar Ratio Rank: 91
BPOP Martin Ratio Rank: 91

AX

AX Risk / Return Rank: 62
AX Sharpe Ratio Rank: 64
AX Sortino Ratio Rank: 57
AX Omega Ratio Rank: 59
AX Calmar Ratio Rank: 65
AX Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BPOP vs. AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Popular, Inc. (BPOP) and Axos Financial, Inc. (AX). 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.

	BPOP	AX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	0.55	+1.79
Sortino ratio: Return per unit of downside risk	2.90	0.91	+1.99
Omega ratio: Gain probability vs. loss probability	1.39	1.13	+0.27
Calmar ratio: Return relative to maximum drawdown	3.87	0.92	+2.95
Martin ratio: Return relative to average drawdown	10.17	1.80	+8.37

BPOP vs. AX - Sharpe Ratio Comparison

The current BPOP Sharpe Ratio is 2.33, which is higher than the AX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of BPOP and AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BPOP vs. AX - Drawdown Comparison

The maximum BPOP drawdown since its inception was -95.72%, which is greater than AX's maximum drawdown of -59.57%. Use the drawdown chart below to compare losses from any high point for BPOP and AX.

Drawdown Indicators

	BPOP	AX	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-59.57%	-36.15%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-19.04%	+4.36%
Max Drawdown (3Y) Largest decline over 3 years	-22.63%	-34.92%	+12.29%
Max Drawdown (5Y) Largest decline over 5 years	-46.27%	-46.31%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	-59.03%	—	—
Current Drawdown Current decline from peak	-3.35%	0.00%	-3.35%
Average Drawdown Average peak-to-trough decline	-48.69%	-20.27%	-28.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	9.71%	-4.14%

Volatility

BPOP vs. AX - Volatility Comparison

The current volatility for Popular, Inc. (BPOP) is 4.95%, while Axos Financial, Inc. (AX) has a volatility of 8.26%. This indicates that BPOP experiences smaller price fluctuations and is considered to be less risky than AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPOP	AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	8.26%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	15.99%	24.39%	-8.40%
Volatility (1Y) Calculated over the trailing 1-year period	24.32%	32.04%	-7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.83%	40.65%	-10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.35%	43.92%	-10.57%

Dividends

BPOP vs. AX - Dividend Comparison

BPOP's dividend yield for the trailing twelve months is around 1.71%, while AX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AX Axos Financial, 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%
BPOP Popular, Inc.	1.71%	2.33%	2.72%	2.77%	3.32%	2.13%	2.84%	2.04%	2.12%	2.82%	1.37%	1.06%

Financials

Frequently Asked Questions

Can I hold both BPOP and AX in my portfolio?

BPOP and AX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPOP or AX?

AX has higher volatility (8.26%) compared to BPOP (4.95%). In terms of maximum drawdown, BPOP dropped -95.72% vs AX's -59.57%.

Which has better risk-adjusted returns?

BPOP currently has the higher Sharpe Ratio (2.33 vs 0.55), 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.