AIR vs. LPTH
AIR (AAR Corp.) and LPTH (LightPath Technologies, Inc.) are both stocks. AIR operates in Aerospace & Defense (Industrials), while LPTH operates in Electronic Components (Technology). Over the past 10 years, AIR returned 19.16%/yr vs 22.79%/yr for LPTH. At a 0.11 correlation, their price movements are largely independent.
Performance
AIR vs. LPTH - Performance Comparison
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Returns By Period
In the year-to-date period, AIR achieves a 55.83% return, which is significantly higher than LPTH's 32.04% return. Over the past 10 years, AIR has underperformed LPTH with an annualized return of 19.16%, while LPTH has yielded a comparatively higher 22.79% annualized 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%
LPTH
- 1D
- -8.82%
- 1M
- 23.78%
- YTD
- 32.04%
- 6M
- 76.05%
- 1Y
- 360.00%
- 3Y*
- 116.77%
- 5Y*
- 38.88%
- 10Y*
- 22.79%
AIR vs. LPTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 55.83% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
LPTH LightPath Technologies, Inc. | 32.04% | 205.95% | 180.16% | 3.28% | -50.00% | -37.76% | 440.69% | -51.34% | -32.88% | 44.16% |
Correlation
The correlation between AIR and LPTH is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 1996 | 0.11 |
Over the past year, AIR and LPTH have become more correlated (0.32) than their long-term average of 0.11, meaning their price movements have been converging.
Fundamentals
AIR:
$4.90B
LPTH:
$836.05M
AIR:
$4.63
LPTH:
-$85.64K
AIR:
1.52
LPTH:
0.00
AIR:
2.98
LPTH:
0.00
AIR:
$3.13B
LPTH:
$19.15T
AIR:
$595.50M
LPTH:
$6.96T
AIR:
$214.30M
LPTH:
-$4.25T
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Return for Risk
AIR vs. LPTH — Risk / Return Rank
AIR
LPTH
AIR vs. LPTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAR Corp. (AIR) and LightPath Technologies, Inc. (LPTH). 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 | LPTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 10.18 | -5.76 |
| Martin ratioReturn relative to average drawdown | 10.44 | 23.51 | -13.07 |
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Drawdowns
AIR vs. LPTH - Drawdown Comparison
The maximum AIR drawdown since its inception was -89.04%, smaller than the maximum LPTH drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for AIR and LPTH.
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Drawdown Indicators
| AIR | LPTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.04% | -99.65% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -19.92% | -40.52% | +20.60% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -61.08% | +25.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.72% | -64.66% | +28.94% |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | -86.28% | +4.51% |
Current DrawdownCurrent decline from peak | 0.00% | -78.17% | +78.17% |
Average DrawdownAverage peak-to-trough decline | -34.68% | -86.30% | +51.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 17.52% | -9.10% |
Volatility
AIR vs. LPTH - Volatility Comparison
The current volatility for AAR Corp. (AIR) is 14.13%, while LightPath Technologies, Inc. (LPTH) has a volatility of 37.05%. This indicates that AIR experiences smaller price fluctuations and is considered to be less risky than LPTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIR | LPTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 37.05% | -22.92% |
Volatility (6M)Calculated over the trailing 6-month period | 32.19% | 83.89% | -51.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.57% | 115.53% | -73.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.51% | 83.02% | -47.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.35% | 79.57% | -34.22% |
Dividends
AIR vs. LPTH - Dividend Comparison
Neither AIR nor LPTH 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% |
LPTH LightPath Technologies, 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. LPTH - Financials Comparison
This section allows you to compare key financial metrics between AAR Corp. and LightPath Technologies, 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
AIR vs. LPTH - Profitability Comparison
AIR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AAR Corp. reported a gross profit of 154.70M and revenue of 845.10M. Therefore, the gross margin over that period was 18.3%.
LPTH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported a gross profit of 6.96T and revenue of 19.15T. Therefore, the gross margin over that period was 36.3%.
AIR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AAR Corp. reported an operating income of 64.80M and revenue of 845.10M, resulting in an operating margin of 7.7%.
LPTH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported an operating income of -4.25T and revenue of 19.15T, resulting in an operating margin of -22.2%.
AIR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AAR Corp. reported a net income of 68.00M and revenue of 845.10M, resulting in a net margin of 8.1%.
LPTH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LightPath Technologies, Inc. reported a net income of -4.11T and revenue of 19.15T, resulting in a net margin of -21.4%.
Frequently Asked Questions
AIR and LPTH 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.
LPTH has higher volatility (37.05%) compared to AIR (14.13%). In terms of maximum drawdown, AIR dropped -89.04% vs LPTH's -99.65%.
LPTH currently has the higher Sharpe Ratio (3.57 vs 2.12), 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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