AENT vs. NXST
AENT (Alliance Entertainment Holding Corporation Class A Common Stock) and NXST (Nexstar Media Group, Inc.) are both stocks. Both are in the Communication Services sector — AENT in Entertainment, NXST in Broadcasting. Over the past 5 years, AENT returned -9.51%/yr vs 5.96%/yr for NXST. At a 0.08 correlation, their price movements are largely independent.
Performance
AENT vs. NXST - Performance Comparison
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Returns By Period
In the year-to-date period, AENT achieves a -27.48% return, which is significantly lower than NXST's -16.30% return.
AENT
- 1D
- 3.35%
- 1M
- -4.87%
- YTD
- -27.48%
- 6M
- -25.35%
- 1Y
- 91.50%
- 3Y*
- 12.64%
- 5Y*
- -9.51%
- 10Y*
- —
NXST
- 1D
- 1.83%
- 1M
- -11.48%
- YTD
- -16.30%
- 6M
- -16.43%
- 1Y
- -0.86%
- 3Y*
- 5.88%
- 5Y*
- 5.96%
- 10Y*
- 16.53%
AENT vs. NXST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AENT Alliance Entertainment Holding Corporation Class A Common Stock | -27.48% | -10.82% | 876.08% | -90.88% | 3.98% | -9.35% |
NXST Nexstar Media Group, Inc. | -16.30% | 33.95% | 5.04% | -7.52% | 18.37% | 2.52% |
Correlation
The correlation between AENT and NXST is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.08 |
Fundamentals
AENT:
$297.91B
NXST:
$5.21B
AENT:
$0.00
NXST:
$5.37
AENT:
3.34K
NXST:
31.10
AENT:
43.69
NXST:
7.60K
AENT:
67.38
NXST:
1.00
AENT:
$1.11B
NXST:
$5.11B
AENT:
$150.69M
NXST:
$1.65B
AENT:
$46.47M
NXST:
$1.42B
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Return for Risk
AENT vs. NXST — Risk / Return Rank
AENT
NXST
AENT vs. NXST - 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 Nexstar Media Group, Inc. (NXST). 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 | NXST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.03 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.02 | +2.06 |
| Martin ratioReturn relative to average drawdown | 5.16 | -0.06 | +5.23 |
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Drawdowns
AENT vs. NXST - Drawdown Comparison
The maximum AENT drawdown since its inception was -93.11%, roughly equal to the maximum NXST drawdown of -96.66%. Use the drawdown chart below to compare losses from any high point for AENT and NXST.
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Drawdown Indicators
| AENT | NXST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.11% | -96.66% | +3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -45.20% | -34.72% | -10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -81.85% | -34.72% | -47.13% |
Max Drawdown (5Y)Largest decline over 5 years | -92.91% | -35.73% | -57.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.56% | — |
Current DrawdownCurrent decline from peak | -45.74% | -33.53% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -43.88% | -30.29% | -13.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.79% | 13.28% | +4.51% |
Volatility
AENT vs. NXST - Volatility Comparison
Alliance Entertainment Holding Corporation Class A Common Stock (AENT) has a higher volatility of 16.12% compared to Nexstar Media Group, Inc. (NXST) at 8.36%. This indicates that AENT's price experiences larger fluctuations and is considered to be riskier than NXST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AENT | NXST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 8.36% | +7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 49.10% | 27.16% | +21.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.17% | 33.61% | +46.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.32% | 34.55% | +56.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.18% | 39.72% | +49.46% |
Dividends
AENT vs. NXST - Dividend Comparison
AENT has not paid dividends to shareholders, while NXST's dividend yield for the trailing twelve months is around 4.45%.
| 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% |
NXST Nexstar Media Group, Inc. | 4.45% | 3.66% | 4.28% | 3.44% | 2.06% | 1.85% | 2.05% | 1.54% | 1.91% | 1.53% | 1.52% | 1.29% |
Financials
AENT vs. NXST - Financials Comparison
This section allows you to compare key financial metrics between Alliance Entertainment Holding Corporation Class A Common Stock and Nexstar Media 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. NXST - Profitability Comparison
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%.
NXST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported a gross profit of 0.00 and revenue of 1.40B. Therefore, the gross margin over that period was 0.0%.
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%.
NXST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported an operating income of 265.00M and revenue of 1.40B, resulting in an operating margin of 19.0%.
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%.
NXST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nexstar Media Group, Inc. reported a net income of 164.00M and revenue of 1.40B, resulting in a net margin of 11.8%.
Frequently Asked Questions
AENT and NXST 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.
AENT has higher volatility (16.12%) compared to NXST (8.36%). In terms of maximum drawdown, AENT dropped -93.11% vs NXST's -96.66%.
AENT currently has the higher Sharpe Ratio (1.15 vs -0.03), 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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