MP1.AX vs. AXON

Last updated Jun 4, 2026

MP1.AX (Megaport Limited) and AXON (Axon Enterprise, Inc.) are both stocks. MP1.AX operates in Software - Infrastructure (Technology), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, MP1.AX returned 22.24%/yr vs 36.28%/yr for AXON. At a 0.06 correlation, their price movements are largely independent.

Performance

MP1.AX vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Megaport Limited (MP1.AX) and Axon Enterprise, Inc. (AXON). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MP1.AX is traded in AUD, while AXON is traded in USD. To make them comparable, the AXON values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MP1.AX achieves a 36.48% return, which is significantly higher than AXON's -19.80% return. Over the past 10 years, MP1.AX has underperformed AXON with an annualized return of 22.24%, while AXON has yielded a comparatively higher 36.28% annualized return.

MP1.AX

• 1D: 0.00%
• 1M: 84.35%
• YTD: 36.48%
• 6M: 27.97%
• 1Y: 23.49%
• 3Y*: 32.38%
• 5Y*: 2.17%
• 10Y*: 22.24%

AXON

• 1D: 0.00%
• 1M: 24.25%
• YTD: -19.80%
• 6M: -17.10%
• 1Y: -41.86%
• 3Y*: 32.63%
• 5Y*: 30.22%
• 10Y*: 36.28%

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

MP1.AX vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MP1.AX Megaport Limited	36.48%	65.13%	-19.89%	45.80%	-66.00%	30.25%	32.68%	193.44%	7.65%	40.50%
AXON Axon Enterprise, Inc.	-20.64%	-11.38%	153.21%	55.80%	12.67%	35.64%	52.52%	68.28%	82.79%	1.00%

Correlation

The correlation between MP1.AX and AXON is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Dec 18, 2015	0.06

The correlation between MP1.AX and AXON shifts across timeframes, from 0.06 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MP1.AX vs. AXON — Risk / Return Rank

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

MP1.AX

MP1.AX Risk / Return Rank: 53
MP1.AX Sharpe Ratio Rank: 55
MP1.AX Sortino Ratio Rank: 54
MP1.AX Omega Ratio Rank: 54
MP1.AX Calmar Ratio Rank: 50
MP1.AX Martin Ratio Rank: 50

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.

MP1.AX vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Megaport Limited (MP1.AX) 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.

	MP1.AX	AXON	Difference
Sharpe ratio: Return per unit of total volatility	0.37	-0.77	+1.14
Sortino ratio: Return per unit of downside risk	1.00	-1.00	+2.00
Omega ratio: Gain probability vs. loss probability	1.13	0.87	+0.26
Calmar ratio: Return relative to maximum drawdown	0.38	-0.66	+1.04
Martin ratio: Return relative to average drawdown	0.76	-1.14	+1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MP1.AX vs. AXON - Sharpe Ratio Comparison

The current MP1.AX Sharpe Ratio is 0.37, which is higher than the AXON Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of MP1.AX 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

	MP1.AX	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	-0.77	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.64	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.75	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.43	-0.04

Drawdowns

MP1.AX vs. AXON - Drawdown Comparison

The maximum MP1.AX drawdown since its inception was -81.90%, roughly equal to the maximum AXON drawdown of -83.09%. Use the drawdown chart below to compare losses from any high point for MP1.AX and AXON.

Drawdown Indicators

	MP1.AX	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-81.90%	-83.09%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-62.11%	-63.44%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-62.11%	-63.44%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-81.90%	-63.44%	-18.46%
Max Drawdown (10Y) Largest decline over 10 years	-81.90%	-63.44%	-18.46%
Current Drawdown Current decline from peak	-24.09%	-49.07%	+24.98%
Average Drawdown Average peak-to-trough decline	-33.51%	-34.46%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.91%	36.90%	-5.99%

Volatility

MP1.AX vs. AXON - Volatility Comparison

Megaport Limited (MP1.AX) has a higher volatility of 27.27% compared to Axon Enterprise, Inc. (AXON) at 19.82%. This indicates that MP1.AX'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

	MP1.AX	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.27%	19.82%	+7.45%
Volatility (6M) Calculated over the trailing 6-month period	52.84%	42.87%	+9.97%
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	54.76%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.17%	47.30%	+18.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.47%	48.41%	+9.06%

Dividends

MP1.AX vs. AXON - Dividend Comparison

Neither MP1.AX nor AXON has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MP1.AX and AXON in my portfolio?

MP1.AX and AXON have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.