CVEO vs. AXON
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 7.50%/yr vs 33.73%/yr for AXON. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
CVEO vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, CVEO achieves a 37.78% return, which is significantly higher than AXON's -7.07% return. Over the past 10 years, CVEO has underperformed AXON with an annualized return of 7.50%, while AXON has yielded a comparatively higher 33.73% annualized return.
CVEO
- 1D
- -1.56%
- 1M
- 5.03%
- 6M
- 24.45%
- YTD
- 37.78%
- 1Y
- 32.51%
- 3Y*
- 20.25%
- 5Y*
- 9.31%
- 10Y*
- 7.50%
- ALL TIME*
- -15.13%
AXON
- 1D
- 0.47%
- 1M
- -11.60%
- 6M
- 9.14%
- YTD
- -7.07%
- 1Y
- -28.92%
- 3Y*
- 42.26%
- 5Y*
- 23.19%
- 10Y*
- 33.73%
- ALL TIME*
- 31.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $369.42M | $464.43M | $527.88M | |
| $4.91M | $6.25M | $4.73M |
CVEO vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVEO Civeo Corporation | 37.78% | 1.59% | 3.58% | -24.85% | 62.23% | 37.91% | -10.21% | -9.79% | -47.62% | 24.09% |
AXON Axon Enterprise, Inc. | -7.07% | -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 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 19, 2014 | 0.19 |
Fundamentals
CVEO:
$344.82M
AXON:
$42.54B
CVEO:
-$1.14
AXON:
$2.37
CVEO:
0.54
AXON:
15.38
CVEO:
2.18
AXON:
12.32
CVEO:
$684.80M
AXON:
$2.98B
CVEO:
$60.48M
AXON:
$1.77B
CVEO:
$72.13M
AXON:
$156.24M
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Return for Risk
CVEO vs. AXON — Risk / Return Rank
CVEO
AXON
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.
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.
| CVEO | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.50 | +2.04 |
| Martin ratioReturn relative to average drawdown | 4.55 | -0.79 | +5.34 |
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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.
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Drawdown Indicators
| CVEO | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.72% | -91.78% | -6.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.06% | -60.28% | +43.22% |
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 DrawdownCurrent decline from peak | -89.74% | -39.41% | -50.33% |
Average DrawdownAverage peak-to-trough decline | -89.28% | -43.59% | -45.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 38.23% | -30.59% |
Volatility
CVEO vs. AXON - Volatility Comparison
Civeo Corporation (CVEO) has a higher volatility of 18.01% compared to Axon Enterprise, Inc. (AXON) at 15.08%. This indicates that CVEO's price experiences larger fluctuations and is considered to be riskier than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVEO | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 15.08% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 27.32% | 46.71% | -19.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.38% | 58.78% | -23.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.25% | 48.93% | -8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.64% | 49.63% | +11.01% |
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 - Financials Comparison
This section allows you to compare key financial metrics between Civeo Corporation and Axon Enterprise, 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
CVEO vs. AXON - Profitability Comparison
CVEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Civeo Corporation reported a gross profit of -40.16M and revenue of 180.02M. Therefore, the gross margin over that period was -22.3%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 Aug 2026, Civeo Corporation reported an operating income of 5.09M and revenue of 180.02M, resulting in an operating margin of 2.8%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 Aug 2026, Civeo Corporation reported a net income of -2.52M and revenue of 180.02M, resulting in a net margin of -1.4%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
CVEO and AXON have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVEO has higher volatility (18.01%) compared to AXON (15.08%). In terms of maximum drawdown, CVEO dropped -98.72% vs AXON's -91.78%.
CVEO currently has the higher Sharpe Ratio (0.75 vs -0.51), 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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