AAON vs. TREX
AAON (AAON, Inc.) and TREX (Trex Company, Inc.) are both stocks. Both operate in the Building Products & Equipment industry within the Industrials sector. Over the past 10 years, AAON returned 22.73%/yr vs 14.76%/yr for TREX. At a 0.37 correlation, their price movements are largely independent.
Performance
AAON vs. TREX - Performance Comparison
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Returns By Period
In the year-to-date period, AAON achieves a 73.52% return, which is significantly higher than TREX's 19.87% return. Over the past 10 years, AAON has outperformed TREX with an annualized return of 22.73%, while TREX has yielded a comparatively lower 14.76% annualized return.
AAON
- 1D
- -0.43%
- 1M
- -5.38%
- YTD
- 73.52%
- 6M
- 59.35%
- 1Y
- 37.17%
- 3Y*
- 28.06%
- 5Y*
- 25.74%
- 10Y*
- 22.73%
TREX
- 1D
- 6.05%
- 1M
- 4.60%
- YTD
- 19.87%
- 6M
- 22.45%
- 1Y
- -25.77%
- 3Y*
- -10.07%
- 5Y*
- -15.54%
- 10Y*
- 14.76%
AAON vs. TREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 73.52% | -34.91% | 59.88% | 47.86% | -4.55% | 19.84% | 35.71% | 41.88% | -3.59% | 11.84% |
TREX Trex Company, Inc. | 19.87% | -49.18% | -16.62% | 95.58% | -68.65% | 61.29% | 86.29% | 51.42% | 9.53% | 68.31% |
Correlation
The correlation between AAON and TREX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 1999 | 0.37 |
The correlation between AAON and TREX shifts across timeframes, from 0.37 (all time) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AAON:
$10.98B
TREX:
$4.42B
AAON:
$1.42
TREX:
$1.80
AAON:
92.85
TREX:
23.41
AAON:
3.71
TREX:
64.36
AAON:
6.78
TREX:
3.80
AAON:
11.76
TREX:
4.44
AAON:
$1.62B
TREX:
$1.18B
AAON:
$424.33M
TREX:
$461.26M
AAON:
$228.54M
TREX:
$308.51M
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Return for Risk
AAON vs. TREX — Risk / Return Rank
AAON
TREX
AAON vs. TREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAON, Inc. (AAON) and Trex Company, Inc. (TREX). 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.
| AAON | TREX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.94 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.46 | +1.68 |
| Martin ratioReturn relative to average drawdown | 2.48 | -0.73 | +3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAON | TREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | -0.52 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.33 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.32 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.25 | +0.27 |
Drawdowns
AAON vs. TREX - Drawdown Comparison
The maximum AAON drawdown since its inception was -76.03%, smaller than the maximum TREX drawdown of -90.53%. Use the drawdown chart below to compare losses from any high point for AAON and TREX.
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Drawdown Indicators
| AAON | TREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -90.53% | +14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -30.75% | -56.01% | +25.26% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -69.90% | +21.04% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | -78.58% | +29.72% |
Max Drawdown (10Y)Largest decline over 10 years | -48.86% | -78.58% | +29.72% |
Current DrawdownCurrent decline from peak | -10.87% | -70.11% | +59.24% |
Average DrawdownAverage peak-to-trough decline | -19.26% | -38.75% | +19.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 35.32% | -19.54% |
Volatility
AAON vs. TREX - Volatility Comparison
AAON, Inc. (AAON) has a higher volatility of 16.69% compared to Trex Company, Inc. (TREX) at 13.04%. This indicates that AAON's price experiences larger fluctuations and is considered to be riskier than TREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAON | TREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.69% | 13.04% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 45.22% | 26.51% | +18.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.60% | 50.31% | +13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.60% | 47.13% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.37% | 46.37% | -6.00% |
Dividends
AAON vs. TREX - Dividend Comparison
AAON's dividend yield for the trailing twelve months is around 0.30%, while TREX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.30% | 0.52% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% |
TREX Trex Company, 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. TREX - Financials Comparison
This section allows you to compare key financial metrics between AAON, Inc. and Trex Company, 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. TREX - 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%.
TREX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported a gross profit of 139.02M and revenue of 343.40M. Therefore, the gross margin over that period was 40.5%.
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%.
TREX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported an operating income of 83.51M and revenue of 343.40M, resulting in an operating margin of 24.3%.
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%.
TREX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trex Company, Inc. reported a net income of 61.40M and revenue of 343.40M, resulting in a net margin of 17.9%.
Frequently Asked Questions
AAON and TREX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAON has higher volatility (16.69%) compared to TREX (13.04%). In terms of maximum drawdown, AAON dropped -76.03% vs TREX's -90.53%.
AAON currently has the higher Sharpe Ratio (0.59 vs -0.52), 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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