AEVA vs. OUST

Last updated Aug 1, 2026

AEVA (Aeva Technologies, Inc.) and OUST (Ouster, Inc.) are both stocks. AEVA operates in Auto Parts (Consumer Cyclical), while OUST operates in Electronic Components (Technology). Over the past 5 years, AEVA returned -16.73%/yr vs -15.75%/yr for OUST. Their 0.58 correlation means they have sometimes moved together and sometimes differently.

Performance

AEVA vs. OUST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aeva Technologies, Inc. (AEVA) and Ouster, Inc. (OUST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEVA achieves a 32.08% return, which is significantly lower than OUST's 80.27% return.

AEVA

• 1D: 6.56%
• 1M: -26.86%
• 6M: 37.35%
• YTD: 32.08%
• 1Y: 10.70%
• 3Y*: 41.43%
• 5Y*: -16.73%
• 10Y*: —
• ALL TIME*: -14.51%

OUST

• 1D: 9.79%
• 1M: -21.73%
• 6M: 87.28%
• YTD: 80.27%
• 1Y: 77.48%
• 3Y*: 85.31%
• 5Y*: -15.75%
• 10Y*: —
• ALL TIME*: -14.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AEVA Aeva Technologies, Inc.	$22.95M	$27.21M	$50.49M
OUST Ouster, Inc.	$115.76M	$169.81M	$205.08M

AEVA vs. OUST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AEVA Aeva Technologies, Inc.	32.08%	179.58%	25.38%	-44.29%	-82.01%	-48.01%	45.84%
OUST Ouster, Inc.	80.27%	77.09%	59.32%	-11.12%	-83.40%	-61.48%	39.18%

Correlation

The correlation between AEVA and OUST is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Oct 9, 2020	0.58

The correlation between AEVA and OUST shifts across timeframes, from 0.57 (3 years) to 0.72 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AEVA : $1.18B OUST : $2.48B
EPS AEVA : -$2.48 OUST : -$0.90
PS Ratio AEVA : 49.00 OUST : 13.00
Total Revenue (TTM) AEVA : $20.97M OUST : $185.33M
Gross Profit (TTM) AEVA : $971.00K OUST : $90.79M
EBITDA (TTM) AEVA : $21.17M OUST : -$50.85M

Return for Risk

AEVA vs. OUST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AEVA

AEVA Risk / Return Rank: 46
AEVA Sharpe Ratio Rank: 42
AEVA Sortino Ratio Rank: 54
AEVA Omega Ratio Rank: 51
AEVA Calmar Ratio Rank: 41
AEVA Martin Ratio Rank: 41

OUST

OUST Risk / Return Rank: 69
OUST Sharpe Ratio Rank: 66
OUST Sortino Ratio Rank: 73
OUST Omega Ratio Rank: 68
OUST Calmar Ratio Rank: 70
OUST Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AEVA vs. OUST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aeva Technologies, Inc. (AEVA) and Ouster, Inc. (OUST). 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.

	AEVA	OUST	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.63	-0.68
Sortino ratio: Return per unit of downside risk	0.80	1.60	-0.80
Omega ratio: Gain probability vs. loss probability	1.09	1.18	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.11	1.22	-1.33
Martin ratio: Return relative to average drawdown	-0.22	2.14	-2.37

AEVA vs. OUST - Sharpe Ratio Comparison

The current AEVA Sharpe Ratio is -0.05, which is lower than the OUST Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of AEVA and OUST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AEVA vs. OUST - Drawdown Comparison

The maximum AEVA drawdown since its inception was -97.71%, roughly equal to the maximum OUST drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for AEVA and OUST.

Drawdown Indicators

	AEVA	OUST	Difference
Max Drawdown Largest peak-to-trough decline	-97.71%	-98.01%	+0.30%
Max Drawdown (1Y) Largest decline over 1 year	-52.24%	-55.15%	+2.91%
Max Drawdown (3Y) Largest decline over 3 years	-75.68%	-64.00%	-11.68%
Max Drawdown (5Y) Largest decline over 5 years	-95.61%	-96.90%	+1.29%
Current Drawdown Current decline from peak	-82.46%	-75.99%	-6.47%
Average Drawdown Average peak-to-trough decline	-70.83%	-77.93%	+7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.63%	31.28%	-3.65%

Volatility

AEVA vs. OUST - Volatility Comparison

The current volatility for Aeva Technologies, Inc. (AEVA) is 35.60%, while Ouster, Inc. (OUST) has a volatility of 41.09%. This indicates that AEVA experiences smaller price fluctuations and is considered to be less risky than OUST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEVA	OUST	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.60%	41.09%	-5.49%
Volatility (6M) Calculated over the trailing 6-month period	80.25%	83.94%	-3.69%
Volatility (1Y) Calculated over the trailing 1-year period	114.93%	107.23%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.95%	99.42%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.44%	97.40%	-4.96%

Dividends

AEVA vs. OUST - Dividend Comparison

Neither AEVA nor OUST has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AEVA and OUST in my portfolio?

AEVA and OUST have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEVA or OUST?

OUST has higher volatility (41.09%) compared to AEVA (35.60%). In terms of maximum drawdown, AEVA dropped -97.71% vs OUST's -98.01%.

Which has better risk-adjusted returns?

OUST currently has the higher Sharpe Ratio (0.63 vs -0.05), 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.