AXON vs CRM: Correlation
Axon Enterprise (AXON) and Salesforce (CRM) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and CRM?
Over the past 3 years, AXON and CRM moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1091.9 %².
Within AXON's tracked universe of 35 assets, CRM comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRM outperformed by 22.2 percentage points (-20.6% for AXON against +1.6% for CRM). The rolling one-year correlation moved between 0.37 and 0.62 over the past three years, a moderate range. One caveat on sizing: AXON is 1.5 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 CRM: side by side
| AXON (Axon Enterprise) | CRM (Salesforce) | |
|---|---|---|
| 1-year return | -20.6% | +1.6% |
| 5-year return | +216.9% | -3.2% |
| Volatility (ann.) | 57.4% | 37.6% |
| Beta vs S&P 500 | 1.51 | 1.21 |
| Max drawdown (3Y) | -60.3% | -58.7% |
| Market cap | $49.7B | $207.4B |
| P/E (trailing) | 250.5 | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | Information Technology |
Year-by-year returns
| Year | AXON | CRM |
|---|---|---|
| 2022 | +5.7% | -47.8% |
| 2023 | +55.7% | +98.5% |
| 2024 | +130.1% | +27.8% |
| 2025 | -4.4% | -20.2% |
| 2026 | +7.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and CRM good diversifiers for each other?
Only partially. A correlation of 0.51 means AXON and CRM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AXON and CRM?
The AXON/CRM correlation stands at 0.51 on a 3-year window (1 year: 0.53, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is CRM a good diversifier for AXON?
Only partially. A correlation of 0.51 means AXON and CRM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/axon-vs-crm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axon-vs-crm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXON correlations · CRM correlations
