WMT vs. AXON
WMT (Walmart Inc.) and AXON (Axon Enterprise, Inc.) are both stocks. WMT operates in Discount Stores (Consumer Defensive), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, WMT returned 19.62%/yr vs 35.39%/yr for AXON. At a 0.17 correlation, their price movements are largely independent.
Performance
WMT vs. AXON - Performance Comparison
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Returns By Period
In the year-to-date period, WMT achieves a 7.98% return, which is significantly higher than AXON's -17.06% return. Over the past 10 years, WMT has underperformed AXON with an annualized return of 19.62%, while AXON has yielded a comparatively higher 35.39% annualized return.
WMT
- 1D
- 0.80%
- 1M
- -8.13%
- YTD
- 7.98%
- 6M
- 6.15%
- 1Y
- 23.97%
- 3Y*
- 34.37%
- 5Y*
- 22.47%
- 10Y*
- 19.62%
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
WMT vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMT Walmart Inc. | 7.98% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
Correlation
The correlation between WMT and AXON is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2001 | 0.17 |
The correlation between WMT and AXON shifts across timeframes, from -0.10 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WMT:
$958.52B
AXON:
$38.85B
WMT:
$2.88
AXON:
$2.41
WMT:
41.62
AXON:
195.83
WMT:
2.72
AXON:
0.06
WMT:
1.32
AXON:
13.54
WMT:
10.16
AXON:
10.99
WMT:
$725.31B
AXON:
$2.98B
WMT:
$181.16B
AXON:
$1.77B
WMT:
$44.32B
AXON:
$156.24M
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Return for Risk
WMT vs. AXON — Risk / Return Rank
WMT
AXON
WMT vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Walmart Inc. (WMT) 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.
| WMT | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.88 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.67 | +2.20 |
| Martin ratioReturn relative to average drawdown | 5.02 | -1.17 | +6.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WMT | AXON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.73 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.55 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.72 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.51 | +0.12 |
Drawdowns
WMT vs. AXON - Drawdown Comparison
The maximum WMT drawdown since its inception was -77.14%, smaller than the maximum AXON drawdown of -91.78%. Use the drawdown chart below to compare losses from any high point for WMT and AXON.
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Drawdown Indicators
| WMT | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.14% | -91.78% | +14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.75% | -60.28% | +44.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.93% | -60.28% | +38.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -60.28% | +34.54% |
Max Drawdown (10Y)Largest decline over 10 years | -25.74% | -60.28% | +34.54% |
Current DrawdownCurrent decline from peak | -10.71% | -45.92% | +35.21% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -43.59% | +28.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 34.81% | -30.02% |
Volatility
WMT vs. AXON - Volatility Comparison
The current volatility for Walmart Inc. (WMT) is 10.26%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.02%. This indicates that WMT 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
| WMT | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 19.02% | -8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 44.22% | -25.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 55.73% | -32.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.68% | 47.97% | -26.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 49.19% | -27.46% |
Dividends
WMT vs. AXON - Dividend Comparison
WMT's dividend yield for the trailing twelve months is around 0.81%, 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% |
WMT Walmart Inc. | 0.81% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
WMT vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Walmart 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
WMT vs. AXON - Profitability Comparison
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
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%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
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%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
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
WMT and AXON have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (19.02%) compared to WMT (10.26%). In terms of maximum drawdown, WMT dropped -77.14% vs AXON's -91.78%.
WMT currently has the higher Sharpe Ratio (1.02 vs -0.73), 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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