AENT vs. ALK
AENT (Alliance Entertainment Holding Corporation Class A Common Stock) and ALK (Alaska Air Group, Inc.) are both stocks. AENT operates in Entertainment (Communication Services), while ALK operates in Airlines (Industrials). Over the past 5 years, AENT returned -11.06%/yr vs -3.95%/yr for ALK. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
AENT vs. ALK - Performance Comparison
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Returns By Period
In the year-to-date period, AENT achieves a -33.04% return, which is significantly lower than ALK's -5.67% return.
AENT
- 1D
- -2.17%
- 1M
- -9.08%
- 6M
- -21.71%
- YTD
- -33.04%
- 1Y
- 9.74%
- 3Y*
- 39.57%
- 5Y*
- -11.06%
- 10Y*
- —
- ALL TIME*
- -12.12%
ALK
- 1D
- 0.44%
- 1M
- -7.12%
- 6M
- -6.65%
- YTD
- -5.67%
- 1Y
- -7.63%
- 3Y*
- -0.31%
- 5Y*
- -3.95%
- 10Y*
- -2.40%
- ALL TIME*
- 8.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $73.65K | $87.70K | $133.40K | |
| $159.94M | $150.08M | $150.52M |
AENT vs. ALK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AENT Alliance Entertainment Holding Corporation Class A Common Stock | -33.04% | -10.82% | 876.08% | -90.88% | 3.98% | -9.35% |
ALK Alaska Air Group, Inc. | -5.67% | -22.32% | 65.73% | -9.01% | -17.58% | -20.65% |
Correlation
The correlation between AENT and ALK is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.07 |
Fundamentals
AENT:
$275.80M
ALK:
$5.29B
AENT:
$0.00
ALK:
-$1.50
AENT:
82.86
ALK:
0.37
AENT:
2.29K
ALK:
1.46
AENT:
$1.11B
ALK:
$14.76B
AENT:
$150.69M
ALK:
$13.97B
AENT:
$46.47M
ALK:
$338.00M
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Return for Risk
AENT vs. ALK — Risk / Return Rank
AENT
ALK
AENT vs. ALK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alliance Entertainment Holding Corporation Class A Common Stock (AENT) and Alaska Air Group, Inc. (ALK). 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.
| AENT | ALK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.01 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.22 | +0.45 |
| Martin ratioReturn relative to average drawdown | 0.52 | -0.39 | +0.91 |
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Drawdowns
AENT vs. ALK - Drawdown Comparison
The maximum AENT drawdown since its inception was -93.11%, which is greater than ALK's maximum drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for AENT and ALK.
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Drawdown Indicators
| AENT | ALK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.11% | -75.76% | -17.35% |
Max Drawdown (1Y)Largest decline over 1 year | -45.20% | -46.46% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -78.17% | -55.37% | -22.80% |
Max Drawdown (5Y)Largest decline over 5 years | -92.91% | -55.37% | -37.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.06% | — |
Current DrawdownCurrent decline from peak | -49.91% | -49.77% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -43.92% | -27.95% | -15.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.59% | 27.03% | -7.44% |
Volatility
AENT vs. ALK - Volatility Comparison
The current volatility for Alliance Entertainment Holding Corporation Class A Common Stock (AENT) is 10.51%, while Alaska Air Group, Inc. (ALK) has a volatility of 13.70%. This indicates that AENT experiences smaller price fluctuations and is considered to be less risky than ALK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AENT | ALK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 13.70% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 49.05% | 42.20% | +6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.68% | 52.02% | +21.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.47% | 43.06% | +48.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.47% | 43.77% | +44.70% |
Dividends
AENT vs. ALK - Dividend Comparison
Neither AENT nor ALK has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AENT Alliance Entertainment Holding Corporation Class A Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALK Alaska Air Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.72% | 2.07% | 2.10% | 1.63% | 1.24% | 0.99% |
Financials
AENT vs. ALK - Financials Comparison
This section allows you to compare key financial metrics between Alliance Entertainment Holding Corporation Class A Common Stock and Alaska Air Group, 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
AENT vs. ALK - Profitability Comparison
AENT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alliance Entertainment Holding Corporation Class A Common Stock reported a gross profit of 33.02M and revenue of 258.20M. Therefore, the gross margin over that period was 12.8%.
ALK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alaska Air Group, Inc. reported a gross profit of 3.63B and revenue of 4.07B. Therefore, the gross margin over that period was 89.3%.
AENT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alliance Entertainment Holding Corporation Class A Common Stock reported an operating income of 3.32M and revenue of 258.20M, resulting in an operating margin of 1.3%.
ALK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alaska Air Group, Inc. reported an operating income of -168.00M and revenue of 4.07B, resulting in an operating margin of -4.1%.
AENT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alliance Entertainment Holding Corporation Class A Common Stock reported a net income of 2.31M and revenue of 258.20M, resulting in a net margin of 0.9%.
ALK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alaska Air Group, Inc. reported a net income of -76.00M and revenue of 4.07B, resulting in a net margin of -1.9%.
Frequently Asked Questions
AENT and ALK have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALK has higher volatility (13.70%) compared to AENT (10.51%). In terms of maximum drawdown, AENT dropped -93.11% vs ALK's -75.76%.
AENT currently has the higher Sharpe Ratio (0.14 vs -0.20), 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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