AXON vs BR: Correlation
Measured on weekly returns over the past three years, Axon Enterprise (AXON) and Broadridge Financial Solutions (BR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and BR?
Over the past 3 years, AXON and BR moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 664.4 %².
Within AXON's tracked universe of 35 assets, BR comes in at #8 by 3-year correlation. Over the last 12 months AXON came out ahead by 7.0 percentage points (-20.6% against -27.6%). This link changes with the market regime, having swung between 0.10 and 0.65 on a rolling one-year basis. One caveat on sizing: AXON is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AXON vs BR: side by side
| AXON (Axon Enterprise) | BR (Broadridge Financial Solutions) | |
|---|---|---|
| 1-year return | -20.6% | -27.6% |
| 5-year return | +216.9% | +16.0% |
| Volatility (ann.) | 57.4% | 22.6% |
| Beta vs S&P 500 | 1.51 | 0.65 |
| Max drawdown (3Y) | -60.3% | -48.2% |
| Market cap | $49.7B | $20.9B |
| P/E (trailing) | 250.5 | 18.9 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AXON | BR |
|---|---|---|
| 2022 | +5.7% | -25.3% |
| 2023 | +55.7% | +56.2% |
| 2024 | +130.1% | +11.7% |
| 2025 | -4.4% | +0.3% |
| 2026 | +7.6% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and BR good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AXON and BR?
As of 2026-08-27, the correlation of weekly returns between AXON and BR is 0.51 over 3 years, 0.60 over 1 year and 0.52 over 5 years.
Is BR a good diversifier for AXON?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axon-vs-br.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axon-vs-br/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXON correlations · BR correlations
