AIR vs. AVAV
AIR (AAR Corp.) and AVAV (AeroVironment, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AIR returned 19.86%/yr vs 18.22%/yr for AVAV. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
AIR vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, AIR achieves a 69.15% return, which is significantly higher than AVAV's -38.25% return. Over the past 10 years, AIR has outperformed AVAV with an annualized return of 19.86%, while AVAV has yielded a comparatively lower 18.22% annualized return.
AIR
- 1D
- 0.40%
- 1M
- -0.05%
- 6M
- 32.23%
- YTD
- 69.15%
- 1Y
- 91.86%
- 3Y*
- 32.70%
- 5Y*
- 31.39%
- 10Y*
- 19.86%
- ALL TIME*
- 7.75%
AVAV
- 1D
- 1.91%
- 1M
- -21.75%
- 6M
- -46.35%
- YTD
- -38.25%
- 1Y
- -42.57%
- 3Y*
- 15.09%
- 5Y*
- 8.12%
- 10Y*
- 18.22%
- ALL TIME*
- 9.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AIR AAR Corp. | $76.76M | $64.91M | $57.98M |
| $190.78M | $258.41M | $271.62M |
AIR vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 69.15% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
AVAV AeroVironment, Inc. | -38.25% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
Correlation
The correlation between AIR and AVAV is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.42 |
The correlation between AIR and AVAV shifts across timeframes, from 0.32 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AIR:
$5.59B
AVAV:
$7.56B
AIR:
$4.99
AVAV:
-$5.41
AIR:
2.21
AVAV:
5.17
AIR:
3.25
AVAV:
1.71
AIR:
$2.38B
AVAV:
$1.42B
AIR:
$622.00M
AVAV:
$246.70M
AIR:
$375.20M
AVAV:
-$6.04M
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Return for Risk
AIR vs. AVAV — Risk / Return Rank
AIR
AVAV
AIR vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAR Corp. (AIR) and AeroVironment, Inc. (AVAV). 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.
| AIR | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.93 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | -0.67 | +5.08 |
| Martin ratioReturn relative to average drawdown | 12.13 | -1.08 | +13.21 |
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Drawdowns
AIR vs. AVAV - Drawdown Comparison
The maximum AIR drawdown since its inception was -89.04%, which is greater than AVAV's maximum drawdown of -66.65%. Use the drawdown chart below to compare losses from any high point for AIR and AVAV.
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Drawdown Indicators
| AIR | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.04% | -66.65% | -22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -19.92% | -66.65% | +46.73% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -66.65% | +30.93% |
Max Drawdown (5Y)Largest decline over 5 years | -35.72% | -66.65% | +30.93% |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | -66.65% | -15.12% |
Current DrawdownCurrent decline from peak | -2.49% | -63.55% | +61.06% |
Average DrawdownAverage peak-to-trough decline | -34.57% | -28.94% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.24% | 40.94% | -33.70% |
Volatility
AIR vs. AVAV - Volatility Comparison
The current volatility for AAR Corp. (AIR) is 16.65%, while AeroVironment, Inc. (AVAV) has a volatility of 23.79%. This indicates that AIR experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIR | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 23.79% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 34.81% | 59.10% | -24.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.14% | 74.38% | -32.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.89% | 57.67% | -21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.44% | 52.98% | -7.54% |
Dividends
AIR vs. AVAV - Dividend Comparison
Neither AIR nor AVAV has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.67% | 0.80% | 0.76% | 0.91% | 1.14% |
AVAV AeroVironment, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AIR vs. AVAV - Financials Comparison
This section allows you to compare key financial metrics between AAR Corp. and AeroVironment, 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
Frequently Asked Questions
AIR and AVAV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (23.79%) compared to AIR (16.65%). In terms of maximum drawdown, AIR dropped -89.04% vs AVAV's -66.65%.
AIR currently has the higher Sharpe Ratio (2.09 vs -0.60), 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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