AXON vs VZ: Correlation
Measured on weekly returns over the past three years, Axon Enterprise (AXON) and Verizon (VZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and VZ?
Across a 3-year window, the weekly returns of AXON and VZ correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.09, with an annualized covariance of -306.8 %².
Among the 35 assets we track against AXON, VZ sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months VZ outperformed by 39.9 percentage points (-20.6% for AXON against +19.3% for VZ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.36 to 0.33. Note the risk asymmetry: AXON runs 2.5 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 VZ: side by side
| AXON (Axon Enterprise) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -20.6% | +19.3% |
| 5-year return | +216.9% | +23.8% |
| Volatility (ann.) | 57.4% | 22.9% |
| Beta vs S&P 500 | 1.51 | 0.15 |
| Max drawdown (3Y) | -60.3% | -17.0% |
| Market cap | $49.7B | $205.4B |
| P/E (trailing) | 250.5 | 12.9 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | Industrials | Communication Services |
Year-by-year returns
| Year | AXON | VZ |
|---|---|---|
| 2022 | +5.7% | -20.0% |
| 2023 | +55.7% | +2.7% |
| 2024 | +130.1% | +13.1% |
| 2025 | -4.4% | +8.9% |
| 2026 | +7.6% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and VZ good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AXON and VZ?
The AXON/VZ correlation stands at -0.23 on a 3-year window (1 year: -0.33, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is VZ a good diversifier for AXON?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axon-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXON correlations · VZ correlations
