AOUT vs. AENT
AOUT (American Outdoor Brands, Inc.) and AENT (Alliance Entertainment Holding Corporation Class A Common Stock) are both stocks. AOUT operates in Leisure (Consumer Cyclical), while AENT operates in Entertainment (Communication Services). Over the past 5 years, AOUT returned -20.97%/yr vs -9.51%/yr for AENT. At a 0.10 correlation, their price movements are largely independent.
Performance
AOUT vs. AENT - Performance Comparison
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Returns By Period
In the year-to-date period, AOUT achieves a 31.57% return, which is significantly higher than AENT's -27.48% return.
AOUT
- 1D
- 2.01%
- 1M
- 5.94%
- YTD
- 31.57%
- 6M
- 23.87%
- 1Y
- -2.49%
- 3Y*
- 9.96%
- 5Y*
- -20.97%
- 10Y*
- —
AENT
- 1D
- 3.35%
- 1M
- -4.87%
- YTD
- -27.48%
- 6M
- -25.35%
- 1Y
- 91.50%
- 3Y*
- 12.64%
- 5Y*
- -9.51%
- 10Y*
- —
AOUT vs. AENT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AOUT American Outdoor Brands, Inc. | 31.57% | -49.28% | 81.43% | -16.17% | -49.72% | -21.60% |
AENT Alliance Entertainment Holding Corporation Class A Common Stock | -27.48% | -10.82% | 876.08% | -90.88% | 3.98% | -9.35% |
Correlation
The correlation between AOUT and AENT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.10 |
Fundamentals
AOUT:
$127.62M
AENT:
$297.91B
AOUT:
-$0.77
AENT:
$0.00
AOUT:
0.63
AENT:
67.38
AOUT:
0.77
AENT:
2.48K
AOUT:
$205.42M
AENT:
$1.11B
AOUT:
$88.44M
AENT:
$150.69M
AOUT:
$386.00K
AENT:
$46.47M
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Return for Risk
AOUT vs. AENT — Risk / Return Rank
AOUT
AENT
AOUT vs. AENT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Outdoor Brands, Inc. (AOUT) and Alliance Entertainment Holding Corporation Class A Common Stock (AENT). 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.
| AOUT | AENT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.04 | -2.09 |
| Martin ratioReturn relative to average drawdown | -0.09 | 5.16 | -5.25 |
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Drawdowns
AOUT vs. AENT - Drawdown Comparison
The maximum AOUT drawdown since its inception was -82.35%, smaller than the maximum AENT drawdown of -93.11%. Use the drawdown chart below to compare losses from any high point for AOUT and AENT.
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Drawdown Indicators
| AOUT | AENT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -93.11% | +10.76% |
Max Drawdown (1Y)Largest decline over 1 year | -46.82% | -45.20% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -81.85% | +17.66% |
Max Drawdown (5Y)Largest decline over 5 years | -82.35% | -92.91% | +10.56% |
Current DrawdownCurrent decline from peak | -71.77% | -45.74% | -26.03% |
Average DrawdownAverage peak-to-trough decline | -59.61% | -43.88% | -15.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.43% | 17.79% | +9.64% |
Volatility
AOUT vs. AENT - Volatility Comparison
The current volatility for American Outdoor Brands, Inc. (AOUT) is 10.67%, while Alliance Entertainment Holding Corporation Class A Common Stock (AENT) has a volatility of 16.12%. This indicates that AOUT experiences smaller price fluctuations and is considered to be less risky than AENT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOUT | AENT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 16.12% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 31.60% | 49.10% | -17.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.68% | 80.17% | -31.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.36% | 91.32% | -41.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.81% | 89.18% | -37.37% |
Dividends
AOUT vs. AENT - Dividend Comparison
Neither AOUT nor AENT has paid dividends to shareholders.
Financials
AOUT vs. AENT - Financials Comparison
This section allows you to compare key financial metrics between American Outdoor Brands, Inc. and Alliance Entertainment Holding Corporation Class A Common Stock. 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
AOUT vs. AENT - Profitability Comparison
AOUT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported a gross profit of 23.18M and revenue of 56.58M. Therefore, the gross margin over that period was 41.0%.
AENT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alliance Entertainment Holding Corporation Class A Common Stock reported a gross profit of 33.02M and revenue of 258.20M. Therefore, the gross margin over that period was 12.8%.
AOUT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported an operating income of -3.91M and revenue of 56.58M, resulting in an operating margin of -6.9%.
AENT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alliance Entertainment Holding Corporation Class A Common Stock reported an operating income of 3.32M and revenue of 258.20M, resulting in an operating margin of 1.3%.
AOUT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported a net income of -4.07M and revenue of 56.58M, resulting in a net margin of -7.2%.
AENT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alliance Entertainment Holding Corporation Class A Common Stock reported a net income of 2.31M and revenue of 258.20M, resulting in a net margin of 0.9%.
Frequently Asked Questions
AOUT and AENT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AENT has higher volatility (16.12%) compared to AOUT (10.67%). In terms of maximum drawdown, AOUT dropped -82.35% vs AENT's -93.11%.
AENT currently has the higher Sharpe Ratio (1.15 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.
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