AIR vs. FEAM

Last updated Jun 13, 2026

AIR (AAR Corp.) and FEAM (5E Advanced Materials Inc) are both stocks. AIR operates in Aerospace & Defense (Industrials), while FEAM operates in Specialty Chemicals (Basic Materials). Over the past 3 years, AIR returned 32.00%/yr vs -74.33%/yr for FEAM. At a 0.17 correlation, their price movements are largely independent.

Performance

AIR vs. FEAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAR Corp. (AIR) and 5E Advanced Materials Inc (FEAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIR achieves a 55.83% return, which is significantly higher than FEAM's -44.26% return.

AIR

• 1D: 1.40%
• 1M: 23.40%
• YTD: 55.83%
• 6M: 54.17%
• 1Y: 87.98%
• 3Y*: 32.00%
• 5Y*: 25.72%
• 10Y*: 19.16%

FEAM

• 1D: 1.80%
• 1M: -11.92%
• YTD: -44.26%
• 6M: -55.50%
• 1Y: -57.90%
• 3Y*: -74.33%
• 5Y*: —
• 10Y*: —

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

AIR vs. FEAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AIR AAR Corp.	55.83%	35.10%	-1.79%	38.98%	1.26%
FEAM 5E Advanced Materials Inc	-44.26%	-79.28%	-54.61%	-82.11%	-73.73%

Correlation

The correlation between AIR and FEAM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 15, 2022	0.17

Fundamentals

Market Cap AIR : $4.90B FEAM : $59.35M
EPS AIR : $4.63 FEAM : -$1.76
PB Ratio AIR : 2.98 FEAM : 0.81
Total Revenue (TTM) AIR : $3.13B FEAM : $0.00
Gross Profit (TTM) AIR : $595.50M FEAM : -$10.56M
EBITDA (TTM) AIR : $214.30M FEAM : -$22.23M

Return for Risk

AIR vs. FEAM — Risk / Return Rank

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

AIR

AIR Risk / Return Rank: 89
AIR Sharpe Ratio Rank: 90
AIR Sortino Ratio Rank: 89
AIR Omega Ratio Rank: 86
AIR Calmar Ratio Rank: 91
AIR Martin Ratio Rank: 89

FEAM

FEAM Risk / Return Rank: 21
FEAM Sharpe Ratio Rank: 20
FEAM Sortino Ratio Rank: 25
FEAM Omega Ratio Rank: 25
FEAM Calmar Ratio Rank: 16
FEAM Martin Ratio Rank: 18

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.

AIR vs. FEAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAR Corp. (AIR) and 5E Advanced Materials Inc (FEAM). 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	FEAM	Difference
Sharpe ratio: Return per unit of total volatility	2.12	-0.51	+2.62
Sortino ratio: Return per unit of downside risk	2.90	-0.30	+3.21
Omega ratio: Gain probability vs. loss probability	1.35	0.97	+0.38
Calmar ratio: Return relative to maximum drawdown	4.42	-0.70	+5.12
Martin ratio: Return relative to average drawdown	10.44	-1.10	+11.54

AIR vs. FEAM - Sharpe Ratio Comparison

The current AIR Sharpe Ratio is 2.12, which is higher than the FEAM Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of AIR and FEAM, 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

AIR vs. FEAM - Drawdown Comparison

The maximum AIR drawdown since its inception was -89.04%, smaller than the maximum FEAM drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for AIR and FEAM.

Drawdown Indicators

	AIR	FEAM	Difference
Max Drawdown Largest peak-to-trough decline	-89.04%	-99.84%	+10.80%
Max Drawdown (1Y) Largest decline over 1 year	-19.92%	-82.66%	+62.74%
Max Drawdown (3Y) Largest decline over 3 years	-35.72%	-98.85%	+63.13%
Max Drawdown (5Y) Largest decline over 5 years	-35.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.77%	—	—
Current Drawdown Current decline from peak	0.00%	-99.78%	+99.78%
Average Drawdown Average peak-to-trough decline	-34.68%	-86.38%	+51.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	52.56%	-44.14%

Volatility

AIR vs. FEAM - Volatility Comparison

The current volatility for AAR Corp. (AIR) is 14.13%, while 5E Advanced Materials Inc (FEAM) has a volatility of 27.75%. This indicates that AIR experiences smaller price fluctuations and is considered to be less risky than FEAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIR	FEAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.13%	27.75%	-13.62%
Volatility (6M) Calculated over the trailing 6-month period	32.19%	75.44%	-43.25%
Volatility (1Y) Calculated over the trailing 1-year period	41.57%	115.11%	-73.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.51%	109.76%	-74.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.35%	109.76%	-64.41%

Dividends

AIR vs. FEAM - Dividend Comparison

Neither AIR nor FEAM 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%
FEAM 5E Advanced Materials 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

Frequently Asked Questions

Can I hold both AIR and FEAM in my portfolio?

AIR and FEAM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIR or FEAM?

FEAM has higher volatility (27.75%) compared to AIR (14.13%). In terms of maximum drawdown, AIR dropped -89.04% vs FEAM's -99.84%.

Which has better risk-adjusted returns?

AIR currently has the higher Sharpe Ratio (2.12 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.