JPSWY vs. AXON

Last updated Jun 4, 2026

JPSWY (Japan Steel Works Ltd ADR) and AXON (Axon Enterprise, Inc.) are both stocks. Both are in the Industrials sector — JPSWY in Specialty Industrial Machinery, AXON in Aerospace & Defense. Over the past 10 years, JPSWY returned 9.53%/yr vs 35.69%/yr for AXON. At a 0.05 correlation, their price movements are largely independent.

Performance

JPSWY vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Japan Steel Works Ltd ADR (JPSWY) 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, JPSWY achieves a -7.52% return, which is significantly higher than AXON's -15.22% return. Over the past 10 years, JPSWY has underperformed AXON with an annualized return of 9.53%, while AXON has yielded a comparatively higher 35.69% annualized return.

JPSWY

• 1D: -8.06%
• 1M: -23.99%
• YTD: -7.52%
• 6M: -17.51%
• 1Y: -5.13%
• 3Y*: 29.58%
• 5Y*: 10.29%
• 10Y*: 9.53%

AXON

• 1D: -1.76%
• 1M: 22.28%
• YTD: -15.22%
• 6M: -11.42%
• 1Y: -36.57%
• 3Y*: 35.57%
• 5Y*: 27.81%
• 10Y*: 35.69%

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

JPSWY vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPSWY Japan Steel Works Ltd ADR	-7.52%	28.99%	118.93%	-10.60%	-39.55%	8.69%	57.88%	8.19%	-43.82%	97.14%
AXON Axon Enterprise, Inc.	-15.22%	-4.44%	130.06%	55.69%	5.69%	28.13%	67.21%	67.50%	65.09%	9.32%

Correlation

The correlation between JPSWY and AXON is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 23, 2005	0.05

Fundamentals

Market Cap JPSWY : $3.38B AXON : $39.71B
EPS JPSWY : $132.50 AXON : $2.41
PE Ratio JPSWY : 0.17 AXON : 200.16
PEG Ratio JPSWY : 0.00 AXON : 0.06
PS Ratio JPSWY : 0.01 AXON : 13.84
PB Ratio JPSWY : 0.02 AXON : 11.24
Total Revenue (TTM) JPSWY : $278.58B AXON : $2.98B
Gross Profit (TTM) JPSWY : $65.14B AXON : $1.77B
EBITDA (TTM) JPSWY : $30.68B AXON : $156.24M

Return for Risk

JPSWY vs. AXON — Risk / Return Rank

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

JPSWY

JPSWY Risk / Return Rank: 41
JPSWY Sharpe Ratio Rank: 39
JPSWY Sortino Ratio Rank: 45
JPSWY Omega Ratio Rank: 45
JPSWY Calmar Ratio Rank: 37
JPSWY Martin Ratio Rank: 37

AXON

AXON Risk / Return Rank: 16
AXON Sharpe Ratio Rank: 12
AXON Sortino Ratio Rank: 14
AXON Omega Ratio Rank: 14
AXON Calmar Ratio Rank: 19
AXON Martin Ratio Rank: 18

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.

JPSWY vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Japan Steel Works Ltd ADR (JPSWY) 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.

	JPSWY	AXON	Difference
Sharpe ratio Return per unit of total volatility	-0.05	-0.67	+0.61
Sortino ratio Return per unit of downside risk	0.63	-0.79	+1.41
Omega ratio Gain probability vs. loss probability	1.08	0.90	+0.18
Calmar ratio Return relative to maximum drawdown	-0.12	-0.61	+0.49
Martin ratio Return relative to average drawdown	-0.23	-1.06	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPSWY vs. AXON - Sharpe Ratio Comparison

The current JPSWY Sharpe Ratio is -0.05, which is higher than the AXON Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of JPSWY 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

	JPSWY	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	-0.67	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.58	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.73	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.52	-0.45

Drawdowns

JPSWY vs. AXON - Drawdown Comparison

The maximum JPSWY drawdown since its inception was -89.35%, roughly equal to the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for JPSWY and AXON.

Drawdown Indicators

	JPSWY	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-89.35%	-91.78%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-42.42%	-60.28%	+17.86%
Max Drawdown (3Y) Largest decline over 3 years	-42.42%	-60.28%	+17.86%
Max Drawdown (5Y) Largest decline over 5 years	-56.56%	-60.28%	+3.72%
Max Drawdown (10Y) Largest decline over 10 years	-86.74%	-60.28%	-26.46%
Current Drawdown Current decline from peak	-48.41%	-44.72%	-3.69%
Average Drawdown Average peak-to-trough decline	-59.46%	-43.59%	-15.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.08%	34.48%	-12.40%

Volatility

JPSWY vs. AXON - Volatility Comparison

Japan Steel Works Ltd ADR (JPSWY) has a higher volatility of 24.11% compared to Axon Enterprise, Inc. (AXON) at 19.59%. This indicates that JPSWY'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.

Volatility by Period

	JPSWY	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.11%	19.59%	+4.52%
Volatility (6M) Calculated over the trailing 6-month period	63.69%	43.35%	+20.34%
Volatility (1Y) Calculated over the trailing 1-year period	96.80%	54.98%	+41.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.59%	47.85%	+18.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.78%	49.10%	+53.68%

Dividends

JPSWY vs. AXON - Dividend Comparison

Neither JPSWY nor AXON has 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%
JPSWY Japan Steel Works Ltd ADR	0.00%	0.66%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.35%	11.31%	1.06%

Financials

JPSWY vs. AXON - Profitability Comparison

The chart below illustrates the profitability comparison between Japan Steel Works Ltd ADR and Axon Enterprise, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JPSWY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Japan Steel Works Ltd ADR reported a gross profit of 18.29B and revenue of 75.06B. Therefore, the gross margin over that period was 24.4%.

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%.

JPSWY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Japan Steel Works Ltd ADR reported an operating income of 7.92B and revenue of 75.06B, resulting in an operating margin of 10.6%.

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%.

JPSWY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Japan Steel Works Ltd ADR reported a net income of 4.38B and revenue of 75.06B, resulting in a net margin of 5.8%.

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 JPSWY and AXON in my portfolio?

JPSWY and AXON have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSWY or AXON?

JPSWY has higher volatility (24.11%) compared to AXON (19.59%). In terms of maximum drawdown, JPSWY dropped -89.35% vs AXON's -91.78%.

Which has better risk-adjusted returns?

JPSWY currently has the higher Sharpe Ratio (-0.05 vs -0.67), 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.