CVEO vs. AXON

Last updated Jun 3, 2026

CVEO (Civeo Corporation) and AXON (Axon Enterprise, Inc.) are both stocks. Both are in the Industrials sector — CVEO in Specialty Business Services, AXON in Aerospace & Defense. Over the past 10 years, CVEO returned 4.59%/yr vs 35.93%/yr for AXON. At a 0.19 correlation, their price movements are largely independent.

Performance

CVEO vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Civeo Corporation (CVEO) 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, CVEO achieves a 52.03% return, which is significantly higher than AXON's -13.70% return. Over the past 10 years, CVEO has underperformed AXON with an annualized return of 4.59%, while AXON has yielded a comparatively higher 35.93% annualized return.

CVEO

• 1D: 0.09%
• 1M: 11.41%
• YTD: 52.03%
• 6M: 58.77%
• 1Y: 60.75%
• 3Y*: 20.56%
• 5Y*: 16.25%
• 10Y*: 4.59%

AXON

• 1D: 2.78%
• 1M: 21.83%
• YTD: -13.70%
• 6M: -8.86%
• 1Y: -35.39%
• 3Y*: 36.37%
• 5Y*: 28.81%
• 10Y*: 35.93%

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

CVEO vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CVEO Civeo Corporation	52.03%	1.59%	3.58%	-24.85%	62.23%	37.91%	-10.21%	-9.79%	-47.62%	24.09%
AXON Axon Enterprise, Inc.	-13.70%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Correlation

The correlation between CVEO and AXON is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since May 20, 2014	0.19

Fundamentals

EPS CVEO : -$1.48 AXON : $2.41
PS Ratio CVEO : 0.49 AXON : 14.09
Total Revenue (TTM) CVEO : $667.47M AXON : $2.98B
Gross Profit (TTM) CVEO : $49.04M AXON : $1.77B
EBITDA (TTM) CVEO : $73.11M AXON : $156.24M

Return for Risk

CVEO vs. AXON — Risk / Return Rank

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

CVEO

CVEO Risk / Return Rank: 84
CVEO Sharpe Ratio Rank: 86
CVEO Sortino Ratio Rank: 84
CVEO Omega Ratio Rank: 83
CVEO Calmar Ratio Rank: 81
CVEO Martin Ratio Rank: 83

AXON

AXON Risk / Return Rank: 16
AXON Sharpe Ratio Rank: 13
AXON Sortino Ratio Rank: 14
AXON Omega Ratio Rank: 15
AXON Calmar Ratio Rank: 20
AXON Martin Ratio Rank: 20

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.

CVEO vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Civeo Corporation (CVEO) 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.

	CVEO	AXON	Difference
Sharpe ratio Return per unit of total volatility	1.94	-0.65	+2.59
Sortino ratio Return per unit of downside risk	2.65	-0.74	+3.39
Omega ratio Gain probability vs. loss probability	1.34	0.90	+0.44
Calmar ratio Return relative to maximum drawdown	2.91	-0.58	+3.49
Martin ratio Return relative to average drawdown	8.28	-1.01	+9.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CVEO vs. AXON - Sharpe Ratio Comparison

The current CVEO Sharpe Ratio is 1.94, which is higher than the AXON Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of CVEO 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

	CVEO	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	-0.65	+2.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.61	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.73	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.52	-0.74

Drawdowns

CVEO vs. AXON - Drawdown Comparison

The maximum CVEO drawdown since its inception was -98.72%, which is greater than AXON's maximum drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for CVEO and AXON.

Drawdown Indicators

	CVEO	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-98.72%	-91.78%	-6.94%
Max Drawdown (1Y) Largest decline over 1 year	-20.41%	-60.28%	+39.87%
Max Drawdown (3Y) Largest decline over 3 years	-33.24%	-60.28%	+27.04%
Max Drawdown (5Y) Largest decline over 5 years	-50.41%	-60.28%	+9.87%
Max Drawdown (10Y) Largest decline over 10 years	-92.28%	-60.28%	-32.00%
Current Drawdown Current decline from peak	-88.68%	-43.73%	-44.95%
Average Drawdown Average peak-to-trough decline	-89.32%	-43.59%	-45.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.18%	34.36%	-27.18%

Volatility

CVEO vs. AXON - Volatility Comparison

The current volatility for Civeo Corporation (CVEO) is 11.63%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.65%. This indicates that CVEO 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

	CVEO	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	19.65%	-8.02%
Volatility (6M) Calculated over the trailing 6-month period	19.99%	43.33%	-23.34%
Volatility (1Y) Calculated over the trailing 1-year period	31.50%	54.97%	-23.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.81%	47.86%	-8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.90%	49.11%	+11.79%

Dividends

CVEO vs. AXON - Dividend Comparison

Neither CVEO nor AXON has paid dividends to shareholders.

Position	TTM	2025	2024	2023
AXON Axon Enterprise, Inc.	0.00%	0.00%	0.00%	0.00%
CVEO Civeo Corporation	0.00%	1.09%	4.40%	2.19%

Financials

CVEO vs. AXON - Profitability Comparison

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

CVEO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Civeo Corporation reported a gross profit of 0.00 and revenue of 172.67M. Therefore, the gross margin over that period was 0.0%.

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%.

CVEO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Civeo Corporation reported an operating income of 0.00 and revenue of 172.67M, resulting in an operating margin of 0.0%.

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%.

CVEO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Civeo Corporation reported a net income of -3.81M and revenue of 172.67M, resulting in a net margin of -2.2%.

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%.

Frequently Asked Questions

Can I hold both CVEO and AXON in my portfolio?

CVEO and AXON have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CVEO or AXON?

AXON has higher volatility (19.65%) compared to CVEO (11.63%). In terms of maximum drawdown, CVEO dropped -98.72% vs AXON's -91.78%.

Which has better risk-adjusted returns?

CVEO currently has the higher Sharpe Ratio (1.94 vs -0.65), 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.