AIR vs. PRGS
AIR (AAR Corp.) and PRGS (Progress Software Corporation) are both stocks. AIR operates in Aerospace & Defense (Industrials), while PRGS operates in Software - Application (Technology). Over the past 10 years, AIR returned 19.16%/yr vs 3.19%/yr for PRGS. At a 0.30 correlation, their price movements are largely independent.
Performance
AIR vs. PRGS - 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 PRGS's -26.75% return. Over the past 10 years, AIR has outperformed PRGS with an annualized return of 19.16%, while PRGS has yielded a comparatively lower 3.19% 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%
PRGS
- 1D
- -0.38%
- 1M
- 17.43%
- YTD
- -26.75%
- 6M
- -29.75%
- 1Y
- -49.74%
- 3Y*
- -19.45%
- 5Y*
- -7.35%
- 10Y*
- 3.19%
AIR vs. PRGS - 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% |
PRGS Progress Software Corporation | -26.75% | -34.06% | 21.16% | 8.94% | 6.05% | 8.44% | 10.64% | 18.95% | -15.41% | 35.45% |
Correlation
The correlation between AIR and PRGS is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 1991 | 0.30 |
Over the past year, the correlation between AIR and PRGS has dropped to 0.05 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
AIR:
$4.90B
PRGS:
$1.34B
AIR:
$4.63
PRGS:
$1.95
AIR:
27.89
PRGS:
16.10
AIR:
9.76
PRGS:
44.58
AIR:
1.52
PRGS:
1.39
AIR:
2.98
PRGS:
2.70
AIR:
$3.13B
PRGS:
$987.62M
AIR:
$595.50M
PRGS:
$802.40M
AIR:
$214.30M
PRGS:
$136.06M
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Return for Risk
AIR vs. PRGS — Risk / Return Rank
AIR
PRGS
AIR vs. PRGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAR Corp. (AIR) and Progress Software Corporation (PRGS). 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 | PRGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.45 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.81 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | -0.82 | +5.24 |
| Martin ratioReturn relative to average drawdown | 10.44 | -1.30 | +11.73 |
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Drawdowns
AIR vs. PRGS - Drawdown Comparison
The maximum AIR drawdown since its inception was -89.04%, which is greater than PRGS's maximum drawdown of -67.33%. Use the drawdown chart below to compare losses from any high point for AIR and PRGS.
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Drawdown Indicators
| AIR | PRGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.04% | -67.33% | -21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -19.92% | -61.14% | +41.22% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -64.10% | +28.38% |
Max Drawdown (5Y)Largest decline over 5 years | -35.72% | -64.10% | +28.38% |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | -64.10% | -17.67% |
Current DrawdownCurrent decline from peak | 0.00% | -54.97% | +54.97% |
Average DrawdownAverage peak-to-trough decline | -34.68% | -23.57% | -11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 38.81% | -30.39% |
Volatility
AIR vs. PRGS - Volatility Comparison
AAR Corp. (AIR) and Progress Software Corporation (PRGS) have volatilities of 14.13% and 14.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIR | PRGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 14.81% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 32.19% | 41.69% | -9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.57% | 48.89% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.51% | 33.42% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.35% | 33.17% | +12.18% |
Dividends
AIR vs. PRGS - Dividend Comparison
Neither AIR nor PRGS 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% |
PRGS Progress Software Corporation | 0.00% | 0.00% | 0.81% | 1.29% | 1.39% | 1.45% | 1.48% | 1.52% | 1.62% | 1.21% | 0.39% | 0.00% |
Financials
AIR vs. PRGS - Financials Comparison
This section allows you to compare key financial metrics between AAR Corp. and Progress Software Corporation. 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. PRGS - 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%.
PRGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported a gross profit of 203.94M and revenue of 247.80M. Therefore, the gross margin over that period was 82.3%.
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%.
PRGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported an operating income of 46.47M and revenue of 247.80M, resulting in an operating margin of 18.8%.
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%.
PRGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported a net income of 22.81M and revenue of 247.80M, resulting in a net margin of 9.2%.
Frequently Asked Questions
AIR and PRGS have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGS has higher volatility (14.81%) compared to AIR (14.13%). In terms of maximum drawdown, AIR dropped -89.04% vs PRGS's -67.33%.
AIR currently has the higher Sharpe Ratio (2.12 vs -1.03), 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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