AXON vs VRSK: Correlation
How closely do Axon Enterprise (AXON) and Verisk Analytics (VRSK) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and VRSK?
Across a 3-year window, the weekly returns of AXON and VRSK correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.38 over 3 years. Stretching to 5 years gives 0.43, with an annualized covariance of 541.2 %².
Within AXON's tracked universe of 35 assets, VRSK comes in at #22 by 3-year correlation. Over the last 12 months AXON came out ahead by 7.4 percentage points (-20.6% against -28.0%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.08 to 0.58. Note the risk asymmetry: AXON runs 2.3 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 VRSK: side by side
| AXON (Axon Enterprise) | VRSK (Verisk Analytics) | |
|---|---|---|
| 1-year return | -20.6% | -28.0% |
| 5-year return | +216.9% | -1.6% |
| Volatility (ann.) | 57.4% | 25.1% |
| Beta vs S&P 500 | 1.51 | 0.27 |
| Max drawdown (3Y) | -60.3% | -50.8% |
| Market cap | $49.7B | $24.9B |
| P/E (trailing) | 250.5 | 28.8 |
| Dividend yield | 0.00% | 1.01% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AXON | VRSK |
|---|---|---|
| 2022 | +5.7% | -22.3% |
| 2023 | +55.7% | +36.2% |
| 2024 | +130.1% | +16.0% |
| 2025 | -4.4% | -18.2% |
| 2026 | +7.6% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and VRSK good diversifiers for each other?
Reasonably. At 0.38, AXON and VRSK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AXON and VRSK?
As of 2026-08-27, the correlation of weekly returns between AXON and VRSK is 0.38 over 3 years, 0.52 over 1 year and 0.43 over 5 years.
Is VRSK a good diversifier for AXON?
Reasonably. At 0.38, AXON and VRSK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-vrsk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axon-vs-vrsk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXON correlations · VRSK correlations
