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 -5.61%/yr vs 3.44%/yr for AA. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
AAL vs. AA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAL achieves a -0.39% return, which is significantly higher than AA's -14.55% return.
AAL
- 1D
- -1.04%
- 1M
- -14.79%
- 6M
- 14.81%
- YTD
- -0.39%
- 1Y
- 38.44%
- 3Y*
- -2.01%
- 5Y*
- -5.61%
- 10Y*
- -7.19%
- ALL TIME*
- -1.25%
AA
- 1D
- 0.64%
- 1M
- -7.03%
- 6M
- -20.07%
- YTD
- -14.55%
- 1Y
- 60.86%
- 3Y*
- 10.03%
- 5Y*
- 3.44%
- 10Y*
- —
- ALL TIME*
- 8.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $224.13M | $268.35M | $320.12M | |
| $1.35B | $1.92B | $1.69B |
AAL vs. AA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAL American Airlines Group Inc. | -0.39% | -12.05% | 26.86% | 8.02% | -29.18% | 13.89% | -44.81% | -9.57% | -37.69% | 12.40% |
AA Alcoa Corporation | -14.55% | 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 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
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 0.20 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AAL:
$10.11B
AA:
$11.94B
AAL:
-$0.49
AA:
$4.86
AAL:
0.17
AA:
0.87
AAL:
$58.34B
AA:
$13.60B
AAL:
$12.26B
AA:
$876.00M
AAL:
$3.34B
AA:
$1.99B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.08 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.02 | 3.25 | -1.22 |
Loading charts...
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.
Loading charts...
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% | -48.82% | +11.43% |
Max Drawdown (3Y)Largest decline over 3 years | -51.39% | -52.25% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -59.25% | -75.46% | +16.21% |
Max Drawdown (10Y)Largest decline over 10 years | -84.14% | — | — |
Current DrawdownCurrent decline from peak | -74.27% | -50.16% | -24.11% |
Average DrawdownAverage peak-to-trough decline | -60.51% | -46.10% | -14.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.29% | 16.20% | +0.09% |
Volatility
AAL vs. AA - Volatility Comparison
American Airlines Group Inc. (AAL) has a higher volatility of 16.21% compared to Alcoa Corporation (AA) at 11.93%. This indicates that AAL's price experiences larger fluctuations and is considered to be riskier than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAL | AA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.21% | 11.93% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 37.46% | 41.10% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.98% | 55.66% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.53% | 56.16% | -7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.96% | 55.63% | -2.67% |
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 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.88% | 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 Aug 2026, American Airlines Group Inc. reported a gross profit of 3.47B and revenue of 16.74B. Therefore, the gross margin over that period was 20.7%.
AA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alcoa Corporation reported a gross profit of -681.00M and revenue of 3.97B. Therefore, the gross margin over that period was -17.2%.
AAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, American Airlines Group Inc. reported an operating income of 446.00M and revenue of 16.74B, resulting in an operating margin of 2.7%.
AA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alcoa Corporation reported an operating income of -426.00M and revenue of 3.97B, resulting in an operating margin of -10.7%.
AAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, American Airlines Group Inc. reported a net income of 71.00M and revenue of 16.74B, resulting in a net margin of 0.4%.
AA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alcoa Corporation reported a net income of 407.00M and revenue of 3.97B, resulting in a net margin of 10.3%.
Frequently Asked Questions
AAL and AA have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAL has higher volatility (16.21%) compared to AA (11.93%). In terms of maximum drawdown, AAL dropped -97.20% vs AA's -90.90%.
AA currently has the higher Sharpe Ratio (0.95 vs 0.67), 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.
Find the right allocation for AAL and AA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer