CVNA vs. AXON
CVNA (Carvana Co.) and AXON (Axon Enterprise, Inc.) are both stocks. CVNA operates in Internet Retail (Consumer Cyclical), while AXON operates in Aerospace & Defense (Industrials). Over the past 5 years, CVNA returned 1.26%/yr vs 20.87%/yr for AXON. At a 0.35 correlation, their price movements are largely independent.
Performance
CVNA vs. AXON - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CVNA having a -23.19% return and AXON slightly lower at -23.75%.
CVNA
- 1D
- -2.76%
- 1M
- -5.05%
- YTD
- -23.19%
- 6M
- -25.88%
- 1Y
- 1.27%
- 3Y*
- 147.39%
- 5Y*
- 1.26%
- 10Y*
- —
AXON
- 1D
- 5.61%
- 1M
- 12.19%
- YTD
- -23.75%
- 6M
- -26.73%
- 1Y
- -44.71%
- 3Y*
- 31.90%
- 5Y*
- 20.87%
- 10Y*
- 34.13%
CVNA vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVNA Carvana Co. | -23.19% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 41.63% |
AXON Axon Enterprise, Inc. | -23.75% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 7.29% |
Correlation
The correlation between CVNA and AXON is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.35 |
Fundamentals
CVNA:
$9.60B
AXON:
$35.72B
CVNA:
$8.69
AXON:
$2.41
CVNA:
7.46
AXON:
180.02
CVNA:
0.03
AXON:
0.05
CVNA:
0.48
AXON:
12.45
CVNA:
2.58
AXON:
10.11
CVNA:
$22.52B
AXON:
$2.98B
CVNA:
$4.50B
AXON:
$1.77B
CVNA:
-$116.00M
AXON:
$156.24M
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Return for Risk
CVNA vs. AXON — Risk / Return Rank
CVNA
AXON
CVNA vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carvana Co. (CVNA) 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.
| CVNA | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.86 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.74 | +0.77 |
| Martin ratioReturn relative to average drawdown | 0.07 | -1.24 | +1.30 |
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Drawdowns
CVNA vs. AXON - Drawdown Comparison
The maximum CVNA drawdown since its inception was -98.99%, which is greater than AXON's maximum drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for CVNA and AXON.
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Drawdown Indicators
| CVNA | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.99% | -91.78% | -7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -41.21% | -60.28% | +19.07% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -60.28% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -98.99% | -60.28% | -38.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.28% | — |
Current DrawdownCurrent decline from peak | -32.25% | -50.28% | +18.03% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -43.61% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.35% | 36.20% | -16.85% |
Volatility
CVNA vs. AXON - Volatility Comparison
Carvana Co. (CVNA) has a higher volatility of 21.22% compared to Axon Enterprise, Inc. (AXON) at 18.74%. This indicates that CVNA'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
| CVNA | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.22% | 18.74% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 44.02% | 44.50% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.65% | 56.10% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.39% | 48.04% | +63.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.30% | 49.24% | +50.06% |
Dividends
CVNA vs. AXON - Dividend Comparison
Neither CVNA nor AXON has paid dividends to shareholders.
Financials
CVNA vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Carvana Co. 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
CVNA vs. AXON - Profitability Comparison
CVNA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a gross profit of 1.27B and revenue of 6.43B. Therefore, the gross margin over that period was 19.8%.
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%.
CVNA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported an operating income of 581.00M and revenue of 6.43B, resulting in an operating margin of 9.0%.
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%.
CVNA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a net income of 250.00M and revenue of 6.43B, resulting in a net margin of 3.9%.
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
CVNA and AXON have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVNA has higher volatility (21.22%) compared to AXON (18.74%). In terms of maximum drawdown, CVNA dropped -98.99% vs AXON's -91.78%.
CVNA currently has the higher Sharpe Ratio (0.02 vs -0.80), 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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