AXON vs IOT: Correlation
Measured on weekly returns over the past three years, Axon Enterprise (AXON) and Samsara Inc. (IOT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and IOT?
Across a 3-year window, the weekly returns of AXON and IOT correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 1685.4 %².
By 3-year correlation, IOT places #13 of the 35 assets tracked against AXON. The last year tells two different stories: IOT led by 38.0 percentage points, -20.6% for AXON against +17.4% for IOT.
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 IOT: side by side
| AXON (Axon Enterprise) | IOT (Samsara Inc.) | |
|---|---|---|
| 1-year return | -20.6% | +17.4% |
| 5-year return | +216.9% | +69.5% |
| Volatility (ann.) | 57.4% | 59.7% |
| Beta vs S&P 500 | 1.51 | 1.74 |
| Max drawdown (3Y) | -60.3% | -60.2% |
| Market cap | $49.7B | – |
| P/E (trailing) | 250.5 | 418.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AXON | IOT |
|---|---|---|
| 2022 | +5.7% | -55.8% |
| 2023 | +55.7% | +168.5% |
| 2024 | +130.1% | +30.9% |
| 2025 | -4.4% | -18.9% |
| 2026 | +7.6% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and IOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AXON and IOT?
The AXON/IOT correlation stands at 0.49 on a 3-year window (1 year: 0.59, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is IOT a good diversifier for AXON?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axon-vs-iot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axon-vs-iot/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXON correlations · IOT correlations
