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AAON vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AAON and SPY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

AAON vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAON, Inc. (AAON) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
56.81%
8.40%
AAON
SPY

Key characteristics

Sharpe Ratio

AAON:

1.84

SPY:

2.17

Sortino Ratio

AAON:

2.43

SPY:

2.88

Omega Ratio

AAON:

1.35

SPY:

1.41

Calmar Ratio

AAON:

3.09

SPY:

3.19

Martin Ratio

AAON:

8.40

SPY:

14.10

Ulcer Index

AAON:

8.76%

SPY:

1.90%

Daily Std Dev

AAON:

39.95%

SPY:

12.39%

Max Drawdown

AAON:

-73.64%

SPY:

-55.19%

Current Drawdown

AAON:

-11.76%

SPY:

-3.19%

Returns By Period

In the year-to-date period, AAON achieves a 68.64% return, which is significantly higher than SPY's 24.97% return. Over the past 10 years, AAON has outperformed SPY with an annualized return of 24.60%, while SPY has yielded a comparatively lower 12.92% annualized return.


AAON

YTD

68.64%

1M

-5.94%

6M

56.81%

1Y

72.09%

5Y*

30.91%

10Y*

24.60%

SPY

YTD

24.97%

1M

-0.32%

6M

8.25%

1Y

26.85%

5Y*

14.57%

10Y*

12.92%

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Risk-Adjusted Performance

AAON vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAON, Inc. (AAON) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for AAON, currently valued at 1.84, compared to the broader market-4.00-2.000.002.001.842.17
The chart of Sortino ratio for AAON, currently valued at 2.43, compared to the broader market-4.00-2.000.002.004.002.432.88
The chart of Omega ratio for AAON, currently valued at 1.35, compared to the broader market0.501.001.502.001.351.41
The chart of Calmar ratio for AAON, currently valued at 3.09, compared to the broader market0.002.004.006.003.093.19
The chart of Martin ratio for AAON, currently valued at 8.40, compared to the broader market-5.000.005.0010.0015.0020.0025.008.4014.10
AAON
SPY

The current AAON Sharpe Ratio is 1.84, which is comparable to the SPY Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of AAON and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.84
2.17
AAON
SPY

Dividends

AAON vs. SPY - Dividend Comparison

AAON's dividend yield for the trailing twelve months is around 0.26%, less than SPY's 0.87% yield.


TTM20232022202120202019201820172016201520142013
AAON
AAON, Inc.
0.26%0.43%0.57%0.48%0.57%0.65%0.91%0.71%0.73%0.95%0.79%0.52%
SPY
SPDR S&P 500 ETF
0.87%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

AAON vs. SPY - Drawdown Comparison

The maximum AAON drawdown since its inception was -73.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AAON and SPY. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.76%
-3.19%
AAON
SPY

Volatility

AAON vs. SPY - Volatility Comparison

AAON, Inc. (AAON) has a higher volatility of 11.81% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that AAON's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
11.81%
3.64%
AAON
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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