MGNI vs. AXON
MGNI (Magnite, Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. MGNI operates in Advertising Agencies (Communication Services), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, MGNI returned 1.65%/yr vs 34.58%/yr for AXON. At a 0.35 correlation, their price movements are largely independent.
Performance
MGNI vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, MGNI achieves a 0.12% return, which is significantly higher than AXON's -22.22% return. Over the past 10 years, MGNI has underperformed AXON with an annualized return of 1.65%, while AXON has yielded a comparatively higher 34.58% annualized return.
MGNI
- 1D
- 0.31%
- 1M
- 26.76%
- YTD
- 0.12%
- 6M
- -0.31%
- 1Y
- -4.97%
- 3Y*
- 6.24%
- 5Y*
- -13.13%
- 10Y*
- 1.65%
AXON
- 1D
- -1.00%
- 1M
- 12.72%
- YTD
- -22.22%
- 6M
- -21.72%
- 1Y
- -43.41%
- 3Y*
- 30.96%
- 5Y*
- 22.92%
- 10Y*
- 34.58%
MGNI vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGNI Magnite, Inc. | 0.12% | 1.95% | 70.45% | -11.80% | -39.49% | -43.02% | 276.35% | 118.77% | 99.47% | -74.80% |
AXON Axon Enterprise, Inc. | -22.22% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between MGNI 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 | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2014 | 0.35 |
Fundamentals
MGNI:
$2.41B
AXON:
$36.43B
MGNI:
$1.05
AXON:
$2.41
MGNI:
15.45
AXON:
183.64
MGNI:
0.00
AXON:
0.05
MGNI:
3.39
AXON:
12.70
MGNI:
2.62
AXON:
10.31
MGNI:
$722.55M
AXON:
$2.98B
MGNI:
$458.33M
AXON:
$1.77B
MGNI:
$150.13M
AXON:
$156.24M
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Return for Risk
MGNI vs. AXON — Risk / Return Rank
MGNI
AXON
MGNI vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Magnite, Inc. (MGNI) 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.
| MGNI | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.87 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.72 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.20 | -1.22 | +1.02 |
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Drawdowns
MGNI vs. AXON - Drawdown Comparison
The maximum MGNI drawdown since its inception was -93.30%, roughly equal to the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for MGNI and AXON.
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Drawdown Indicators
| MGNI | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.30% | -91.78% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -57.77% | -60.28% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -57.95% | -60.28% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -84.35% | -60.28% | -24.07% |
Max Drawdown (10Y)Largest decline over 10 years | -90.65% | -60.28% | -30.37% |
Current DrawdownCurrent decline from peak | -73.71% | -49.28% | -24.43% |
Average DrawdownAverage peak-to-trough decline | -64.84% | -43.60% | -21.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.47% | 35.34% | +3.13% |
Volatility
MGNI vs. AXON - Volatility Comparison
The current volatility for Magnite, Inc. (MGNI) is 15.85%, while Axon Enterprise, Inc. (AXON) has a volatility of 17.73%. This indicates that MGNI 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.
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Volatility by Period
| MGNI | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.85% | 17.73% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 41.24% | 44.20% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.37% | 55.66% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.01% | 47.94% | +27.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.60% | 49.18% | +27.42% |
Dividends
MGNI vs. AXON - Dividend Comparison
Neither MGNI nor AXON has paid dividends to shareholders.
Financials
MGNI vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Magnite, Inc. 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
MGNI vs. AXON - Profitability Comparison
MGNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported a gross profit of 103.96M and revenue of 164.37M. Therefore, the gross margin over that period was 63.3%.
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%.
MGNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported an operating income of 7.72M and revenue of 164.37M, resulting in an operating margin of 4.7%.
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%.
MGNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported a net income of 4.41M and revenue of 164.37M, resulting in a net margin of 2.7%.
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
MGNI 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.
AXON has higher volatility (17.73%) compared to MGNI (15.85%). In terms of maximum drawdown, MGNI dropped -93.30% vs AXON's -91.78%.
MGNI currently has the higher Sharpe Ratio (-0.14 vs -0.78), 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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