XRO.AX vs. AMZN

Last updated Jun 4, 2026

XRO.AX (Xero Limited) and AMZN (Amazon.com, Inc) are both stocks. XRO.AX operates in Software - Application (Technology), while AMZN operates in Internet Retail (Consumer Cyclical). Over the past 10 years, XRO.AX returned 16.79%/yr vs 21.92%/yr for AMZN. At a 0.05 correlation, their price movements are largely independent.

Performance

XRO.AX vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Xero Limited (XRO.AX) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XRO.AX achieves a -26.40% return, which is significantly lower than AMZN's 3.29% return. Over the past 10 years, XRO.AX has underperformed AMZN with an annualized return of 16.79%, while AMZN has yielded a comparatively higher 21.92% annualized return.

XRO.AX

• 1D: -3.54%
• 1M: 1.21%
• YTD: -26.40%
• 6M: -30.76%
• 1Y: -55.25%
• 3Y*: -9.14%
• 5Y*: -8.30%
• 10Y*: 16.79%

AMZN

• 1D: 0.00%
• 1M: -5.88%
• YTD: 3.29%
• 6M: 1.49%
• 1Y: 12.29%
• 3Y*: 23.84%
• 5Y*: 11.53%
• 10Y*: 21.92%

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

XRO.AX vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XRO.AX Xero Limited	-26.40%	-32.36%	50.10%	59.81%	-50.32%	-3.66%	83.53%	90.39%	46.62%	68.79%
AMZN Amazon.com, Inc	1.39%	-2.43%	58.92%	81.02%	-46.29%	8.38%	60.78%	23.60%	42.20%	44.08%

Correlation

The correlation between XRO.AX and AMZN is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012	0.05

Return for Risk

XRO.AX vs. AMZN — Risk / Return Rank

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

XRO.AX

XRO.AX Risk / Return Rank: 4
XRO.AX Sharpe Ratio Rank: 1
XRO.AX Sortino Ratio Rank: 2
XRO.AX Omega Ratio Rank: 2
XRO.AX Calmar Ratio Rank: 8
XRO.AX Martin Ratio Rank: 9

AMZN

AMZN Risk / Return Rank: 60
AMZN Sharpe Ratio Rank: 64
AMZN Sortino Ratio Rank: 58
AMZN Omega Ratio Rank: 56
AMZN Calmar Ratio Rank: 61
AMZN Martin Ratio Rank: 62

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xero Limited (XRO.AX) and Amazon.com, Inc (AMZN). 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.

	XRO.AX	AMZN	Difference
Sharpe ratio: Return per unit of total volatility	-1.27	0.42	-1.69
Sortino ratio: Return per unit of downside risk	-2.09	0.78	-2.87
Omega ratio: Gain probability vs. loss probability	0.73	1.10	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.86	0.45	-1.31
Martin ratio: Return relative to average drawdown	-1.35	1.05	-2.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRO.AX vs. AMZN - Sharpe Ratio Comparison

The current XRO.AX Sharpe Ratio is -1.27, which is lower than the AMZN Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of XRO.AX and AMZN, 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

	XRO.AX	AMZN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.27	0.42	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	0.34	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.70	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.75	-0.15

Drawdowns

XRO.AX vs. AMZN - Drawdown Comparison

The maximum XRO.AX drawdown since its inception was -71.11%, which is greater than AMZN's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for XRO.AX and AMZN.

Drawdown Indicators

	XRO.AX	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-71.11%	-52.20%	-18.91%
Max Drawdown (1Y) Largest decline over 1 year	-63.74%	-27.66%	-36.08%
Max Drawdown (3Y) Largest decline over 3 years	-63.74%	-32.58%	-31.16%
Max Drawdown (5Y) Largest decline over 5 years	-63.74%	-52.20%	-11.54%
Max Drawdown (10Y) Largest decline over 10 years	-63.74%	-52.20%	-11.54%
Current Drawdown Current decline from peak	-56.79%	-8.05%	-48.74%
Average Drawdown Average peak-to-trough decline	-27.46%	-11.69%	-15.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.98%	11.70%	+29.28%

Volatility

XRO.AX vs. AMZN - Volatility Comparison

Xero Limited (XRO.AX) has a higher volatility of 18.01% compared to Amazon.com, Inc (AMZN) at 6.22%. This indicates that XRO.AX's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRO.AX	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	6.22%	+11.79%
Volatility (6M) Calculated over the trailing 6-month period	39.50%	19.43%	+20.07%
Volatility (1Y) Calculated over the trailing 1-year period	43.28%	29.24%	+14.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.43%	33.69%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.45%	31.27%	+5.18%

Dividends

XRO.AX vs. AMZN - Dividend Comparison

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

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

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

XRO.AX and AMZN have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.