AENT vs. AOUT
AENT (Alliance Entertainment Holding Corporation Class A Common Stock) and AOUT (American Outdoor Brands, Inc.) are both stocks. AENT operates in Entertainment (Communication Services), while AOUT operates in Leisure (Consumer Cyclical). Over the past 5 years, AENT returned -9.17%/yr vs -15.75%/yr for AOUT. At a 0.10 correlation, their price movements are largely independent.
Performance
AENT vs. AOUT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AENT achieves a -25.62% return, which is significantly lower than AOUT's 85.51% return.
AENT
- 1D
- -2.44%
- 1M
- 12.23%
- 6M
- -20.87%
- YTD
- -25.62%
- 1Y
- 14.69%
- 3Y*
- 36.75%
- 5Y*
- -9.17%
- 10Y*
- —
AOUT
- 1D
- 0.49%
- 1M
- 39.09%
- 6M
- 59.33%
- YTD
- 85.51%
- 1Y
- 50.00%
- 3Y*
- 18.58%
- 5Y*
- -15.75%
- 10Y*
- —
AENT vs. AOUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AENT Alliance Entertainment Holding Corporation Class A Common Stock | -25.62% | -10.82% | 876.08% | -90.88% | 3.98% | -9.35% |
AOUT American Outdoor Brands, Inc. | 85.51% | -49.28% | 81.43% | -16.17% | -49.72% | -21.60% |
Correlation
The correlation between AENT and AOUT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.10 |
Fundamentals
AENT:
$306.36M
AOUT:
$179.35M
AENT:
$0.00
AOUT:
-$0.97
AENT:
92.05
AOUT:
0.72
AENT:
$1.11B
AOUT:
$190.54M
AENT:
$150.69M
AOUT:
$85.19M
AENT:
$46.47M
AOUT:
$3.92M
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
AENT vs. AOUT — Risk / Return Rank
AENT
AOUT
AENT vs. AOUT - 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 American Outdoor Brands, Inc. (AOUT). 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 | AOUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.20 | -0.94 |
| Martin ratioReturn relative to average drawdown | 0.63 | 2.53 | -1.90 |
Loading charts...
Drawdowns
AENT vs. AOUT - Drawdown Comparison
The maximum AENT drawdown since its inception was -93.11%, which is greater than AOUT's maximum drawdown of -82.35%. Use the drawdown chart below to compare losses from any high point for AENT and AOUT.
Loading charts...
Drawdown Indicators
| AENT | AOUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.11% | -82.35% | -10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -45.20% | -39.97% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -78.17% | -64.19% | -13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -92.91% | -82.30% | -10.61% |
Current DrawdownCurrent decline from peak | -44.35% | -60.20% | +15.85% |
Average DrawdownAverage peak-to-trough decline | -43.89% | -59.65% | +15.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.94% | 18.97% | -0.03% |
Volatility
AENT vs. AOUT - Volatility Comparison
The current volatility for Alliance Entertainment Holding Corporation Class A Common Stock (AENT) is 13.16%, while American Outdoor Brands, Inc. (AOUT) has a volatility of 29.01%. This indicates that AENT experiences smaller price fluctuations and is considered to be less risky than AOUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AENT | AOUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 29.01% | -15.85% |
Volatility (6M)Calculated over the trailing 6-month period | 48.95% | 41.88% | +7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.37% | 54.05% | +21.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.39% | 50.94% | +40.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.89% | 53.05% | +35.84% |
Dividends
AENT vs. AOUT - Dividend Comparison
Neither AENT nor AOUT has paid dividends to shareholders.
Financials
AENT vs. AOUT - Financials Comparison
This section allows you to compare key financial metrics between Alliance Entertainment Holding Corporation Class A Common Stock and American Outdoor Brands, 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. AOUT - Profitability Comparison
AENT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
AOUT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, American Outdoor Brands, Inc. reported a gross profit of 22.06M and revenue of 47.06M. Therefore, the gross margin over that period was 46.9%.
AENT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
AOUT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, American Outdoor Brands, Inc. reported an operating income of -3.79M and revenue of 47.06M, resulting in an operating margin of -8.1%.
AENT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
AOUT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, American Outdoor Brands, Inc. reported a net income of -381.00K and revenue of 47.06M, resulting in a net margin of -0.8%.
Frequently Asked Questions
AENT and AOUT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOUT has higher volatility (29.01%) compared to AENT (13.16%). In terms of maximum drawdown, AENT dropped -93.11% vs AOUT's -82.35%.
AOUT currently has the higher Sharpe Ratio (0.89 vs 0.16), 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 AENT and AOUT
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