AXON vs EFX: Correlation
Axon Enterprise (AXON) and Equifax (EFX) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and EFX?
Across a 3-year window, the weekly returns of AXON and EFX correlate at 0.39, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.39). Stretching to 5 years gives 0.45, with an annualized covariance of 752.7 %².
Among the 35 assets we track against AXON, EFX ranks #18 by 3-year correlation. Twelve-month performance is nearly a tie, at -20.6% for AXON and -21.8% for EFX. The rolling one-year correlation moved between 0.15 and 0.61 over the past three years, a moderate range. Note the risk asymmetry: AXON runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EFX: side by side
| AXON (Axon Enterprise) | EFX (Equifax) | |
|---|---|---|
| 1-year return | -20.6% | -21.8% |
| 5-year return | +216.9% | -26.0% |
| Volatility (ann.) | 57.4% | 33.3% |
| Beta vs S&P 500 | 1.51 | 1.25 |
| Max drawdown (3Y) | -60.3% | -49.7% |
| Market cap | $49.7B | $22.4B |
| P/E (trailing) | 250.5 | 33.5 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AXON | EFX |
|---|---|---|
| 2022 | +5.7% | -33.1% |
| 2023 | +55.7% | +28.2% |
| 2024 | +130.1% | +3.7% |
| 2025 | -4.4% | -14.2% |
| 2026 | +7.6% | -11.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and EFX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AXON and EFX?
As of 2026-08-27, the correlation of weekly returns between AXON and EFX is 0.39 over 3 years, 0.53 over 1 year and 0.45 over 5 years.
Is EFX a good diversifier for AXON?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: AXON correlations · EFX correlations
