SAP vs. AXON
SAP (SAP SE) and AXON (Axon Enterprise, Inc.) are both stocks. SAP operates in Software - Application (Technology), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, SAP returned 9.16%/yr vs 34.13%/yr for AXON. At a 0.30 correlation, their price movements are largely independent.
Performance
SAP vs. AXON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SAP achieves a -35.76% return, which is significantly lower than AXON's -23.75% return. Over the past 10 years, SAP has underperformed AXON with an annualized return of 9.16%, while AXON has yielded a comparatively higher 34.13% annualized return.
SAP
- 1D
- 2.59%
- 1M
- -12.83%
- YTD
- -35.76%
- 6M
- -36.30%
- 1Y
- -46.34%
- 3Y*
- 6.09%
- 5Y*
- 3.26%
- 10Y*
- 9.16%
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%
SAP vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | -35.76% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
AXON Axon Enterprise, Inc. | -23.75% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between SAP and AXON is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2001 | 0.30 |
Fundamentals
SAP:
$179.15B
AXON:
$35.72B
SAP:
€6.13
AXON:
$2.41
SAP:
21.90
AXON:
180.02
SAP:
0.47
AXON:
0.05
SAP:
4.22
AXON:
12.45
SAP:
3.49
AXON:
10.11
SAP:
€37.34B
AXON:
$2.98B
SAP:
€27.51B
AXON:
$1.77B
SAP:
€12.97B
AXON:
$156.24M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SAP vs. AXON — Risk / Return Rank
SAP
AXON
SAP vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) 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.
| SAP | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.86 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.74 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.58 | -1.24 | -0.35 |
Loading charts...
Drawdowns
SAP vs. AXON - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, roughly equal to the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for SAP and AXON.
Loading charts...
Drawdown Indicators
| SAP | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -91.78% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -51.24% | -60.28% | +9.04% |
Max Drawdown (3Y)Largest decline over 3 years | -51.24% | -60.28% | +9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -51.24% | -60.28% | +9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | -60.28% | +8.97% |
Current DrawdownCurrent decline from peak | -49.97% | -50.28% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -28.26% | -43.61% | +15.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.26% | 36.20% | -6.94% |
Volatility
SAP vs. AXON - Volatility Comparison
The current volatility for SAP SE (SAP) is 14.56%, while Axon Enterprise, Inc. (AXON) has a volatility of 18.74%. This indicates that SAP 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.
Loading charts...
Volatility by Period
| SAP | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 18.74% | -4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 44.50% | -13.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.69% | 56.10% | -21.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.90% | 48.04% | -19.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 49.24% | -20.95% |
Dividends
SAP vs. AXON - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.91%, while AXON has not 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% |
SAP SAP SE | 1.91% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Financials
SAP vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between SAP SE 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
SAP vs. AXON - Profitability Comparison
SAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SAP SE reported a gross profit of 6.97B and revenue of 9.56B. Therefore, the gross margin over that period was 73.0%.
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%.
SAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SAP SE reported an operating income of 2.75B and revenue of 9.56B, resulting in an operating margin of 28.8%.
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%.
SAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SAP SE reported a net income of 1.93B and revenue of 9.56B, resulting in a net margin of 20.2%.
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
SAP and AXON have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (18.74%) compared to SAP (14.56%). In terms of maximum drawdown, SAP dropped -87.91% vs AXON's -91.78%.
AXON currently has the higher Sharpe Ratio (-0.80 vs -1.34), 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.
Find the right allocation for SAP and AXON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer