AAON vs. SAIA
AAON (AAON, Inc.) and SAIA (Saia, Inc.) are both stocks. Both are in the Industrials sector — AAON in Building Products & Equipment, SAIA in Trucking. Over the past 10 years, AAON returned 22.66%/yr vs 34.25%/yr for SAIA. At a 0.38 correlation, their price movements are largely independent.
Performance
AAON vs. SAIA - Performance Comparison
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Returns By Period
In the year-to-date period, AAON achieves a 67.13% return, which is significantly higher than SAIA's 47.88% return. Over the past 10 years, AAON has underperformed SAIA with an annualized return of 22.66%, while SAIA has yielded a comparatively higher 34.25% annualized return.
AAON
- 1D
- -1.13%
- 1M
- -6.06%
- YTD
- 67.13%
- 6M
- 63.53%
- 1Y
- 75.00%
- 3Y*
- 25.97%
- 5Y*
- 24.79%
- 10Y*
- 22.66%
SAIA
- 1D
- -0.88%
- 1M
- 4.89%
- YTD
- 47.88%
- 6M
- 39.94%
- 1Y
- 85.14%
- 3Y*
- 15.84%
- 5Y*
- 18.61%
- 10Y*
- 34.25%
AAON vs. SAIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 67.13% | -34.91% | 59.88% | 47.86% | -4.55% | 19.84% | 35.71% | 41.88% | -3.59% | 11.84% |
SAIA Saia, Inc. | 47.88% | -28.35% | 4.00% | 108.99% | -37.79% | 86.41% | 94.16% | 66.82% | -21.10% | 60.25% |
Correlation
The correlation between AAON and SAIA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2002 | 0.38 |
Fundamentals
AAON:
$10.58B
SAIA:
$12.94B
AAON:
$1.42
SAIA:
$9.52
AAON:
89.43
SAIA:
50.72
AAON:
3.57
SAIA:
18.29
AAON:
6.53
SAIA:
3.98
AAON:
11.32
SAIA:
4.93
AAON:
$1.62B
SAIA:
$3.25B
AAON:
$424.33M
SAIA:
$1.27B
AAON:
$228.54M
SAIA:
$603.31M
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Return for Risk
AAON vs. SAIA — Risk / Return Rank
AAON
SAIA
AAON vs. SAIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAON, Inc. (AAON) and Saia, Inc. (SAIA). 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.
| AAON | SAIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.46 | -1.10 |
| Martin ratioReturn relative to average drawdown | 5.71 | 9.08 | -3.37 |
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Drawdowns
AAON vs. SAIA - Drawdown Comparison
The maximum AAON drawdown since its inception was -76.03%, smaller than the maximum SAIA drawdown of -80.35%. Use the drawdown chart below to compare losses from any high point for AAON and SAIA.
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Drawdown Indicators
| AAON | SAIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -80.35% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -30.75% | -24.92% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -60.94% | +12.08% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | -60.94% | +12.08% |
Max Drawdown (10Y)Largest decline over 10 years | -48.86% | -60.94% | +12.08% |
Current DrawdownCurrent decline from peak | -14.15% | -20.31% | +6.16% |
Average DrawdownAverage peak-to-trough decline | -19.26% | -28.96% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.70% | 9.47% | +3.23% |
Volatility
AAON vs. SAIA - Volatility Comparison
AAON, Inc. (AAON) has a higher volatility of 16.31% compared to Saia, Inc. (SAIA) at 11.47%. This indicates that AAON's price experiences larger fluctuations and is considered to be riskier than SAIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAON | SAIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.31% | 11.47% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 45.82% | 34.98% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.78% | 47.97% | +13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.77% | 51.37% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.45% | 45.75% | -5.30% |
Dividends
AAON vs. SAIA - Dividend Comparison
AAON's dividend yield for the trailing twelve months is around 0.31%, while SAIA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.31% | 0.52% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% |
SAIA Saia, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AAON vs. SAIA - Financials Comparison
This section allows you to compare key financial metrics between AAON, Inc. and Saia, Inc.. 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
AAON vs. SAIA - Profitability Comparison
AAON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported a gross profit of 124.97M and revenue of 496.94M. Therefore, the gross margin over that period was 25.2%.
SAIA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Saia, Inc. reported a gross profit of 741.90M and revenue of 806.23M. Therefore, the gross margin over that period was 92.0%.
AAON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported an operating income of 57.06M and revenue of 496.94M, resulting in an operating margin of 11.5%.
SAIA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Saia, Inc. reported an operating income of 66.81M and revenue of 806.23M, resulting in an operating margin of 8.3%.
AAON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported a net income of 39.82M and revenue of 496.94M, resulting in a net margin of 8.0%.
SAIA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Saia, Inc. reported a net income of 49.87M and revenue of 806.23M, resulting in a net margin of 6.2%.
Frequently Asked Questions
AAON and SAIA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAON has higher volatility (16.31%) compared to SAIA (11.47%). In terms of maximum drawdown, AAON dropped -76.03% vs SAIA's -80.35%.
SAIA currently has the higher Sharpe Ratio (1.80 vs 1.18), 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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