AA vs. KALU
AA (Alcoa Corporation) and KALU (Kaiser Aluminum Corporation) are both stocks. Both operate in the Aluminum industry within the Basic Materials sector. Over the past 5 years, AA returned 9.74%/yr vs 9.51%/yr for KALU. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
AA vs. KALU - Performance Comparison
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Returns By Period
In the year-to-date period, AA achieves a 3.99% return, which is significantly lower than KALU's 57.59% return.
AA
- 1D
- -5.60%
- 1M
- -22.84%
- YTD
- 3.99%
- 6M
- 3.00%
- 1Y
- 93.65%
- 3Y*
- 20.20%
- 5Y*
- 9.74%
- 10Y*
- —
KALU
- 1D
- -3.20%
- 1M
- 2.07%
- YTD
- 57.59%
- 6M
- 55.19%
- 1Y
- 140.47%
- 3Y*
- 43.03%
- 5Y*
- 9.51%
- 10Y*
- 10.91%
AA vs. KALU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 3.99% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
KALU Kaiser Aluminum Corporation | 57.59% | 70.14% | 2.75% | -2.14% | -16.17% | -2.44% | -7.57% | 27.24% | -14.68% | 40.65% |
Correlation
The correlation between AA and KALU is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | 0.59 |
The correlation between AA and KALU has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
Fundamentals
AA:
$14.52B
KALU:
$3.02B
AA:
$3.92
KALU:
$9.20
AA:
14.05
KALU:
19.46
AA:
0.04
KALU:
0.53
AA:
1.14
KALU:
0.81
AA:
2.13
KALU:
3.44
AA:
$12.66B
KALU:
$3.70B
AA:
$948.00M
KALU:
$379.10M
AA:
$1.70B
KALU:
$380.80M
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Return for Risk
AA vs. KALU — Risk / Return Rank
AA
KALU
AA vs. KALU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcoa Corporation (AA) and Kaiser Aluminum Corporation (KALU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AA | KALU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 5.43 | -2.68 |
| Martin ratioReturn relative to average drawdown | 11.56 | 13.79 | -2.23 |
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Drawdowns
AA vs. KALU - Drawdown Comparison
The maximum AA drawdown since its inception was -90.90%, which is greater than KALU's maximum drawdown of -82.08%. Use the drawdown chart below to compare losses from any high point for AA and KALU.
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Drawdown Indicators
| AA | KALU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -82.08% | -8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -34.26% | -26.03% | -8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -52.25% | -48.85% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -75.46% | -55.76% | -19.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.48% | — |
Current DrawdownCurrent decline from peak | -39.34% | -6.04% | -33.30% |
Average DrawdownAverage peak-to-trough decline | -46.09% | -25.53% | -20.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.13% | 10.23% | -2.10% |
Volatility
AA vs. KALU - Volatility Comparison
Alcoa Corporation (AA) has a higher volatility of 22.13% compared to Kaiser Aluminum Corporation (KALU) at 14.14%. This indicates that AA's price experiences larger fluctuations and is considered to be riskier than KALU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AA | KALU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.13% | 14.14% | +7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 41.93% | 33.46% | +8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.36% | 45.92% | +9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.35% | 44.65% | +11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.69% | 42.06% | +13.63% |
Dividends
AA vs. KALU - Dividend Comparison
AA's dividend yield for the trailing twelve months is around 0.73%, less than KALU's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.73% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
KALU Kaiser Aluminum Corporation | 1.72% | 2.68% | 4.38% | 4.33% | 4.05% | 3.07% | 2.71% | 2.16% | 2.46% | 1.87% | 2.32% | 1.91% |
Financials
AA vs. KALU - Financials Comparison
This section allows you to compare key financial metrics between Alcoa Corporation and Kaiser Aluminum Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AA vs. KALU - Profitability Comparison
AA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 0.0%.
KALU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kaiser Aluminum Corporation reported a gross profit of 133.20M and revenue of 1.11B. Therefore, the gross margin over that period was 12.0%.
AA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating margin of 0.0%.
KALU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kaiser Aluminum Corporation reported an operating income of 97.80M and revenue of 1.11B, resulting in an operating margin of 8.8%.
AA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.
KALU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kaiser Aluminum Corporation reported a net income of 62.50M and revenue of 1.11B, resulting in a net margin of 5.7%.
Frequently Asked Questions
AA and KALU have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (22.13%) compared to KALU (14.14%). In terms of maximum drawdown, AA dropped -90.90% vs KALU's -82.08%.
KALU currently has the higher Sharpe Ratio (3.08 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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