TPW.AX vs. XRO.AX

Last updated Jun 5, 2026

TPW.AX (Temple & Webster Group Ltd) and XRO.AX (Xero Limited) are both stocks. TPW.AX operates in Internet Retail (Consumer Cyclical), while XRO.AX operates in Software - Application (Technology). Over the past 10 years, TPW.AX returned 40.36%/yr vs 16.41%/yr for XRO.AX. At a 0.26 correlation, their price movements are largely independent.

Performance

TPW.AX vs. XRO.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Temple & Webster Group Ltd (TPW.AX) and Xero Limited (XRO.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPW.AX achieves a -65.28% return, which is significantly lower than XRO.AX's -29.49% return. Over the past 10 years, TPW.AX has outperformed XRO.AX with an annualized return of 40.36%, while XRO.AX has yielded a comparatively lower 16.41% annualized return.

TPW.AX

• 1D: -1.25%
• 1M: -14.26%
• YTD: -65.28%
• 6M: -65.70%
• 1Y: -79.87%
• 3Y*: 0.28%
• 5Y*: -15.24%
• 10Y*: 40.36%

XRO.AX

• 1D: -4.19%
• 1M: -6.32%
• YTD: -29.49%
• 6M: -32.37%
• 1Y: -57.68%
• 3Y*: -9.87%
• 5Y*: -9.08%
• 10Y*: 16.41%

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

TPW.AX vs. XRO.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPW.AX Temple & Webster Group Ltd	-65.28%	4.43%	50.23%	89.15%	-57.16%	-2.80%	306.99%	172.00%	127.27%	158.82%
XRO.AX Xero Limited	-29.49%	-32.36%	50.10%	59.81%	-50.32%	-3.66%	83.53%	90.39%	46.62%	68.79%

Correlation

The correlation between TPW.AX and XRO.AX 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	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 11, 2015	0.26

The correlation between TPW.AX and XRO.AX shifts across timeframes, from 0.26 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TPW.AX vs. XRO.AX — Risk / Return Rank

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

TPW.AX

TPW.AX Risk / Return Rank: 3
TPW.AX Sharpe Ratio Rank: 3
TPW.AX Sortino Ratio Rank: 2
TPW.AX Omega Ratio Rank: 1
TPW.AX Calmar Ratio Rank: 3
TPW.AX Martin Ratio Rank: 4

XRO.AX

XRO.AX Risk / Return Rank: 4
XRO.AX Sharpe Ratio Rank: 1
XRO.AX Sortino Ratio Rank: 1
XRO.AX Omega Ratio Rank: 2
XRO.AX Calmar Ratio Rank: 7
XRO.AX Martin Ratio Rank: 8

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.

TPW.AX vs. XRO.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Temple & Webster Group Ltd (TPW.AX) and Xero Limited (XRO.AX). 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.

	TPW.AX	XRO.AX	Difference
Sharpe ratio: Return per unit of total volatility	-1.14	-1.32	+0.17
Sortino ratio: Return per unit of downside risk	-2.18	-2.22	+0.04
Omega ratio: Gain probability vs. loss probability	0.68	0.72	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.96	-0.90	-0.06
Martin ratio: Return relative to average drawdown	-1.57	-1.39	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPW.AX vs. XRO.AX - Sharpe Ratio Comparison

The current TPW.AX Sharpe Ratio is -1.14, which is comparable to the XRO.AX Sharpe Ratio of -1.32. The chart below compares the historical Sharpe Ratios of TPW.AX and XRO.AX, 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

	TPW.AX	XRO.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.14	-1.32	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	-0.24	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.45	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.60	-0.35

Drawdowns

TPW.AX vs. XRO.AX - Drawdown Comparison

The maximum TPW.AX drawdown since its inception was -86.96%, which is greater than XRO.AX's maximum drawdown of -71.11%. Use the drawdown chart below to compare losses from any high point for TPW.AX and XRO.AX.

Drawdown Indicators

	TPW.AX	XRO.AX	Difference
Max Drawdown Largest peak-to-trough decline	-86.96%	-71.11%	-15.85%
Max Drawdown (1Y) Largest decline over 1 year	-83.25%	-63.74%	-19.51%
Max Drawdown (3Y) Largest decline over 3 years	-83.25%	-63.74%	-19.51%
Max Drawdown (5Y) Largest decline over 5 years	-83.25%	-63.74%	-19.51%
Max Drawdown (10Y) Largest decline over 10 years	-83.25%	-63.74%	-19.51%
Current Drawdown Current decline from peak	-83.25%	-58.60%	-24.65%
Average Drawdown Average peak-to-trough decline	-37.08%	-27.47%	-9.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.86%	41.15%	+9.71%

Volatility

TPW.AX vs. XRO.AX - Volatility Comparison

The current volatility for Temple & Webster Group Ltd (TPW.AX) is 17.50%, while Xero Limited (XRO.AX) has a volatility of 18.49%. This indicates that TPW.AX experiences smaller price fluctuations and is considered to be less risky than XRO.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPW.AX	XRO.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.50%	18.49%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	58.17%	39.70%	+18.47%
Volatility (1Y) Calculated over the trailing 1-year period	69.81%	43.45%	+26.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.40%	38.46%	+22.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.95%	36.47%	+35.48%

Dividends

TPW.AX vs. XRO.AX - Dividend Comparison

Neither TPW.AX nor XRO.AX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TPW.AX and XRO.AX in my portfolio?

TPW.AX and XRO.AX 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.