AXIL vs CMTL: Correlation
Measured on weekly returns over the past three years, AXIL Brands, Inc. (AXIL) and Comtech Telecommunications Corp. (CMTL) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXIL and CMTL?
Over the past 3 years, AXIL and CMTL moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.19 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1913.1 %².
Out of 12 assets tracked against AXIL, CMTL lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months AXIL outperformed by 15.7 percentage points (+2.3% for AXIL against -13.4% for CMTL).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AXIL vs CMTL: side by side
| AXIL (AXIL Brands, Inc.) | CMTL (Comtech Telecommunications Corp.) | |
|---|---|---|
| 1-year return | +2.3% | -13.4% |
| 5-year return | n/a | -92.9% |
| Volatility (ann.) | 94.8% | 100.4% |
| Beta vs S&P 500 | 0.78 | 1.44 |
| Max drawdown (3Y) | -74.3% | -90.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXIL | CMTL |
|---|---|---|
| 2022 | – | -47.1% |
| 2023 | – | -30.0% |
| 2024 | – | -52.4% |
| 2025 | +79.5% | +31.9% |
| 2026 | -8.5% | -66.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXIL and CMTL good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXIL and CMTL?
As of 2026-08-27, the correlation of weekly returns between AXIL and CMTL is -0.19 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is CMTL a good diversifier for AXIL?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axil-vs-cmtl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axil-vs-cmtl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXIL correlations · CMTL correlations
