AAL vs. AA
AAL (American Airlines Group Inc.) and AA (Alcoa Corporation) are both stocks. AAL operates in Airlines (Industrials), while AA operates in Aluminum (Basic Materials). Over the past 5 years, AAL returned -6.25%/yr vs 11.83%/yr for AA. At a 0.35 correlation, their price movements are largely independent.
Performance
AAL vs. AA - Performance Comparison
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Returns By Period
In the year-to-date period, AAL achieves a 4.89% return, which is significantly lower than AA's 10.16% return.
AAL
- 1D
- 0.56%
- 1M
- 16.10%
- YTD
- 4.89%
- 6M
- -1.11%
- 1Y
- 51.41%
- 3Y*
- -0.37%
- 5Y*
- -6.25%
- 10Y*
- -4.69%
AA
- 1D
- -1.72%
- 1M
- -18.25%
- YTD
- 10.16%
- 6M
- 8.97%
- 1Y
- 111.41%
- 3Y*
- 22.54%
- 5Y*
- 11.83%
- 10Y*
- —
AAL vs. AA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAL American Airlines Group Inc. | 4.89% | -12.05% | 26.86% | 8.02% | -29.18% | 13.89% | -44.81% | -9.57% | -37.69% | 12.40% |
AA Alcoa Corporation | 10.16% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
Correlation
The correlation between AAL and AA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | 0.35 |
The correlation between AAL and AA shifts across timeframes, from 0.23 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AAL:
$10.63B
AA:
$15.38B
AAL:
$0.31
AA:
$3.92
AAL:
52.61
AA:
14.89
AAL:
0.60
AA:
0.04
AAL:
0.19
AA:
1.21
AAL:
$55.99B
AA:
$12.66B
AAL:
$12.21B
AA:
$948.00M
AAL:
$4.16B
AA:
$1.70B
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Return for Risk
AAL vs. AA — Risk / Return Rank
AAL
AA
AAL vs. AA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Airlines Group Inc. (AAL) and Alcoa Corporation (AA). 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.
| AAL | AA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.31 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.69 | -2.31 |
| Martin ratioReturn relative to average drawdown | 3.23 | 14.26 | -11.03 |
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Drawdowns
AAL vs. AA - Drawdown Comparison
The maximum AAL drawdown since its inception was -97.20%, which is greater than AA's maximum drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for AAL and AA.
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Drawdown Indicators
| AAL | AA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.20% | -90.90% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -37.39% | -30.36% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -51.76% | -52.25% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -59.42% | -75.46% | +16.04% |
Max Drawdown (10Y)Largest decline over 10 years | -84.14% | — | — |
Current DrawdownCurrent decline from peak | -72.90% | -35.74% | -37.16% |
Average DrawdownAverage peak-to-trough decline | -60.45% | -46.09% | -14.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.96% | 7.84% | +8.12% |
Volatility
AAL vs. AA - Volatility Comparison
The current volatility for American Airlines Group Inc. (AAL) is 15.55%, while Alcoa Corporation (AA) has a volatility of 21.88%. This indicates that AAL experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAL | AA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 21.88% | -6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 35.28% | 41.59% | -6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.23% | 55.14% | -5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.34% | 56.31% | -7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.09% | 55.68% | -2.59% |
Dividends
AAL vs. AA - Dividend Comparison
AAL has not paid dividends to shareholders, while AA's dividend yield for the trailing twelve months is around 0.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.69% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
AAL American Airlines Group Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 1.39% | 1.25% | 0.77% | 0.86% | 0.94% |
Financials
AAL vs. AA - Financials Comparison
This section allows you to compare key financial metrics between American Airlines Group Inc. and Alcoa 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
AAL vs. AA - Profitability Comparison
AAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Airlines Group Inc. reported a gross profit of 3.62B and revenue of 13.91B. Therefore, the gross margin over that period was 26.0%.
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%.
AAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Airlines Group Inc. reported an operating income of -41.00M and revenue of 13.91B, resulting in an operating margin of -0.3%.
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%.
AAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Airlines Group Inc. reported a net income of -382.00M and revenue of 13.91B, resulting in a net margin of -2.8%.
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%.
Frequently Asked Questions
AAL and AA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (21.88%) compared to AAL (15.55%). In terms of maximum drawdown, AAL dropped -97.20% vs AA's -90.90%.
AA currently has the higher Sharpe Ratio (2.04 vs 1.05), 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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