AENT vs. CAKE

Last updated Jun 4, 2026

AENT (Alliance Entertainment Holding Corporation Class A Common Stock) and CAKE (The Cheesecake Factory Incorporated) are both stocks. AENT operates in Entertainment (Communication Services), while CAKE operates in Restaurants (Consumer Cyclical). Over the past 5 years, AENT returned -10.63%/yr vs 5.29%/yr for CAKE. At a 0.05 correlation, their price movements are largely independent.

Performance

AENT vs. CAKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alliance Entertainment Holding Corporation Class A Common Stock (AENT) and The Cheesecake Factory Incorporated (CAKE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AENT achieves a -31.44% return, which is significantly lower than CAKE's 29.78% return.

AENT

• 1D: -4.15%
• 1M: -25.74%
• YTD: -31.44%
• 6M: -19.59%
• 1Y: 56.50%
• 3Y*: 22.69%
• 5Y*: -10.63%
• 10Y*: —

CAKE

• 1D: 0.60%
• 1M: 9.97%
• YTD: 29.78%
• 6M: 35.35%
• 1Y: 17.29%
• 3Y*: 28.43%
• 5Y*: 5.29%
• 10Y*: 4.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AENT vs. CAKE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AENT Alliance Entertainment Holding Corporation Class A Common Stock	-31.44%	-10.82%	876.08%	-90.88%	3.98%	0.41%
CAKE The Cheesecake Factory Incorporated	29.78%	8.61%	39.33%	14.01%	-17.02%	-28.71%

Correlation

The correlation between AENT and CAKE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.05

Fundamentals

EPS AENT : $0.00 CAKE : $2.39
PE Ratio AENT : 3.16K CAKE : 27.14
PEG Ratio AENT : 41.30 CAKE : 0.61
PS Ratio AENT : 63.70 CAKE : 1.20
Total Revenue (TTM) AENT : $1.11B CAKE : $1.96B
Gross Profit (TTM) AENT : $150.69M CAKE : $1.54B
EBITDA (TTM) AENT : $46.47M CAKE : $161.36M

Return for Risk

AENT vs. CAKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AENT

AENT Risk / Return Rank: 66
AENT Sharpe Ratio Rank: 65
AENT Sortino Ratio Rank: 67
AENT Omega Ratio Rank: 63
AENT Calmar Ratio Rank: 66
AENT Martin Ratio Rank: 69

CAKE

CAKE Risk / Return Rank: 52
CAKE Sharpe Ratio Rank: 58
CAKE Sortino Ratio Rank: 51
CAKE Omega Ratio Rank: 50
CAKE Calmar Ratio Rank: 51
CAKE Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AENT vs. CAKE - 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 The Cheesecake Factory Incorporated (CAKE). 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.

	AENT	CAKE	Difference
Sharpe ratio Return per unit of total volatility	0.71	0.51	+0.20
Sortino ratio Return per unit of downside risk	1.57	0.92	+0.65
Omega ratio Gain probability vs. loss probability	1.18	1.11	+0.07
Calmar ratio Return relative to maximum drawdown	1.26	0.48	+0.78
Martin ratio Return relative to average drawdown	3.52	1.05	+2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AENT vs. CAKE - Sharpe Ratio Comparison

The current AENT Sharpe Ratio is 0.71, which is higher than the CAKE Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of AENT and CAKE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AENT	CAKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.51	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.13	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.23	-0.35

Drawdowns

AENT vs. CAKE - Drawdown Comparison

The maximum AENT drawdown since its inception was -92.91%, which is greater than CAKE's maximum drawdown of -86.17%. Use the drawdown chart below to compare losses from any high point for AENT and CAKE.

Drawdown Indicators

	AENT	CAKE	Difference
Max Drawdown Largest peak-to-trough decline	-92.91%	-86.17%	-6.74%
Max Drawdown (1Y) Largest decline over 1 year	-45.20%	-36.39%	-8.81%
Max Drawdown (3Y) Largest decline over 3 years	-81.85%	-36.39%	-45.46%
Max Drawdown (5Y) Largest decline over 5 years	-92.91%	-57.36%	-35.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.50%	—
Current Drawdown Current decline from peak	-47.24%	-3.41%	-43.83%
Average Drawdown Average peak-to-trough decline	-40.30%	-22.84%	-17.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.09%	16.52%	-0.43%

Volatility

AENT vs. CAKE - Volatility Comparison

Alliance Entertainment Holding Corporation Class A Common Stock (AENT) has a higher volatility of 19.92% compared to The Cheesecake Factory Incorporated (CAKE) at 11.55%. This indicates that AENT's price experiences larger fluctuations and is considered to be riskier than CAKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AENT	CAKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.92%	11.55%	+8.37%
Volatility (6M) Calculated over the trailing 6-month period	50.54%	25.60%	+24.94%
Volatility (1Y) Calculated over the trailing 1-year period	82.65%	33.95%	+48.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.11%	40.32%	+50.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.39%	44.42%	+44.97%

Dividends

AENT vs. CAKE - Dividend Comparison

AENT has not paid dividends to shareholders, while CAKE's dividend yield for the trailing twelve months is around 1.76%.

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%
CAKE The Cheesecake Factory Incorporated	1.76%	2.14%	2.28%	3.08%	2.55%	0.00%	0.97%	3.55%	2.85%	2.20%	1.47%	1.58%

Financials

AENT vs. CAKE - Profitability Comparison

The chart below illustrates the profitability comparison between Alliance Entertainment Holding Corporation Class A Common Stock and The Cheesecake Factory Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AENT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

CAKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Cheesecake Factory Incorporated reported a gross profit of -677.61M and revenue of -867.20M. Therefore, the gross margin over that period was 78.1%.

AENT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.

CAKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Cheesecake Factory Incorporated reported an operating income of -91.92M and revenue of -867.20M, resulting in an operating margin of 10.6%.

AENT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.

CAKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Cheesecake Factory Incorporated reported a net income of -28.78M and revenue of -867.20M, resulting in a net margin of 3.3%.

Frequently Asked Questions

Can I hold both AENT and CAKE in my portfolio?

AENT and CAKE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AENT or CAKE?

AENT has higher volatility (19.92%) compared to CAKE (11.55%). In terms of maximum drawdown, AENT dropped -92.91% vs CAKE's -86.17%.

Which has better risk-adjusted returns?

AENT currently has the higher Sharpe Ratio (0.71 vs 0.51), 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.