SII.TO vs. AXON

Last updated Jun 9, 2026

SII.TO (Sprott Inc) and AXON (Axon Enterprise, Inc.) are both stocks. SII.TO operates in Asset Management (Financial Services), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, SII.TO returned 22.17%/yr vs 36.63%/yr for AXON. At a 0.10 correlation, their price movements are largely independent.

Performance

SII.TO vs. AXON - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sprott Inc (SII.TO) and Axon Enterprise, Inc. (AXON). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SII.TO is traded in CAD, while AXON is traded in USD. To make them comparable, the AXON values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SII.TO achieves a 26.56% return, which is significantly higher than AXON's -15.54% return. Over the past 10 years, SII.TO has underperformed AXON with an annualized return of 22.17%, while AXON has yielded a comparatively higher 36.63% annualized return.

SII.TO

• 1D: -1.07%
• 1M: -12.04%
• YTD: 26.56%
• 6M: 32.58%
• 1Y: 102.46%
• 3Y*: 59.40%
• 5Y*: 29.10%
• 10Y*: 22.17%

AXON

• 1D: -2.83%
• 1M: 19.16%
• YTD: -15.54%
• 6M: -14.16%
• 1Y: -39.30%
• 3Y*: 36.14%
• 5Y*: 29.65%
• 10Y*: 36.63%

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

SII.TO vs. AXON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SII.TO Sprott Inc	26.56%	126.73%	38.44%	2.73%	-18.97%	57.52%	25.86%	16.40%	5.75%	-2.27%
AXON Axon Enterprise, Inc.	-15.54%	-8.80%	149.54%	51.98%	12.39%	28.07%	63.24%	60.59%	78.98%	1.92%

Correlation

The correlation between SII.TO and AXON is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 24, 2008	0.10

The correlation between SII.TO and AXON shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SII.TO : CA$4.37B AXON : $38.85B
EPS SII.TO : CA$4.14 AXON : $2.41
PE Ratio SII.TO : 40.88 AXON : 195.83
PEG Ratio SII.TO : 0.84 AXON : 0.06
PS Ratio SII.TO : 9.16 AXON : 13.54
PB Ratio SII.TO : 8.23 AXON : 10.99
Total Revenue (TTM) SII.TO : CA$476.63M AXON : $2.98B
Gross Profit (TTM) SII.TO : CA$369.54M AXON : $1.77B
EBITDA (TTM) SII.TO : CA$151.96M AXON : $156.24M

Return for Risk

SII.TO vs. AXON — Risk / Return Rank

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

SII.TO

SII.TO Risk / Return Rank: 89
SII.TO Sharpe Ratio Rank: 91
SII.TO Sortino Ratio Rank: 88
SII.TO Omega Ratio Rank: 88
SII.TO Calmar Ratio Rank: 89
SII.TO Martin Ratio Rank: 88

AXON

AXON Risk / Return Rank: 14
AXON Sharpe Ratio Rank: 11
AXON Sortino Ratio Rank: 13
AXON Omega Ratio Rank: 13
AXON Calmar Ratio Rank: 17
AXON Martin Ratio Rank: 16

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.

SII.TO vs. AXON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Inc (SII.TO) 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.

	SII.TO	AXON	Difference
Sharpe ratio: Return per unit of total volatility	2.28	-0.71	+2.98
Sortino ratio: Return per unit of downside risk	2.86	-0.88	+3.74
Omega ratio: Gain probability vs. loss probability	1.38	0.89	+0.49
Calmar ratio: Return relative to maximum drawdown	4.14	-0.66	+4.80
Martin ratio: Return relative to average drawdown	9.95	-1.14	+11.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SII.TO vs. AXON - Sharpe Ratio Comparison

The current SII.TO Sharpe Ratio is 2.28, which is higher than the AXON Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of SII.TO 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

	SII.TO	AXON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	-0.71	+2.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.62	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.74	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.47	-0.35

Drawdowns

SII.TO vs. AXON - Drawdown Comparison

The maximum SII.TO drawdown since its inception was -81.85%, smaller than the maximum AXON drawdown of -91.44%. Use the drawdown chart below to compare losses from any high point for SII.TO and AXON.

Drawdown Indicators

	SII.TO	AXON	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-91.44%	+9.59%
Max Drawdown (1Y) Largest decline over 1 year	-24.88%	-60.04%	+35.16%
Max Drawdown (3Y) Largest decline over 3 years	-24.88%	-60.04%	+35.16%
Max Drawdown (5Y) Largest decline over 5 years	-43.38%	-60.04%	+16.66%
Max Drawdown (10Y) Largest decline over 10 years	-48.06%	-60.04%	+11.98%
Current Drawdown Current decline from peak	-24.88%	-45.11%	+20.23%
Average Drawdown Average peak-to-trough decline	-50.55%	-45.14%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.33%	34.59%	-24.26%

Volatility

SII.TO vs. AXON - Volatility Comparison

The current volatility for Sprott Inc (SII.TO) is 11.66%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.16%. This indicates that SII.TO 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.

Volatility by Period

	SII.TO	AXON	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.66%	19.16%	-7.50%
Volatility (6M) Calculated over the trailing 6-month period	38.65%	44.45%	-5.80%
Volatility (1Y) Calculated over the trailing 1-year period	45.30%	55.96%	-10.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.75%	48.29%	-12.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.12%	49.68%	-12.56%

Dividends

SII.TO vs. AXON - Dividend Comparison

SII.TO's dividend yield for the trailing twelve months is around 1.23%, 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%
SII.TO Sprott Inc	1.23%	1.36%	2.38%	3.04%	2.89%	1.75%	1.67%	0.40%	0.47%	0.49%	0.48%	0.50%

Financials

SII.TO vs. AXON - Profitability Comparison

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

SII.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sprott Inc reported a gross profit of 182.55M and revenue of 199.39M. Therefore, the gross margin over that period was 91.6%.

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%.

SII.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sprott Inc reported an operating income of 57.39M and revenue of 199.39M, 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%.

SII.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sprott Inc reported a net income of 40.08M and revenue of 199.39M, resulting in a net margin of 20.1%.

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 SII.TO and AXON in my portfolio?

SII.TO and AXON have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.