AVA vs. ARLP

Last updated Jun 3, 2026

AVA (Avista Corporation) and ARLP (Alliance Resource Partners, L.P.) are both stocks. AVA operates in Utilities - Diversified (Utilities), while ARLP operates in Thermal Coal (Energy). Over the past 10 years, AVA returned 4.23%/yr vs 15.12%/yr for ARLP. At a 0.16 correlation, their price movements are largely independent.

Performance

AVA vs. ARLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avista Corporation (AVA) and Alliance Resource Partners, L.P. (ARLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVA achieves a 11.19% return, which is significantly lower than ARLP's 15.23% return. Over the past 10 years, AVA has underperformed ARLP with an annualized return of 4.23%, while ARLP has yielded a comparatively higher 15.12% annualized return.

AVA

• 1D: 3.33%
• 1M: 4.02%
• YTD: 11.19%
• 6M: 8.65%
• 1Y: 14.60%
• 3Y*: 5.43%
• 5Y*: 3.34%
• 10Y*: 4.23%

ARLP

• 1D: 0.75%
• 1M: -0.14%
• YTD: 15.23%
• 6M: 12.99%
• 1Y: 8.44%
• 3Y*: 25.87%
• 5Y*: 45.73%
• 10Y*: 15.12%

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

AVA vs. ARLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVA Avista Corporation	11.19%	10.68%	7.84%	-15.31%	8.79%	10.27%	-13.10%	17.28%	-15.07%	32.87%
ARLP Alliance Resource Partners, L.P.	15.23%	-2.45%	39.91%	18.83%	73.34%	195.75%	-56.80%	-28.90%	-1.90%	-4.04%

Correlation

The correlation between AVA and ARLP 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	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 18, 1999	0.16

The correlation between AVA and ARLP shifts across timeframes, from 0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AVA : $3.45B ARLP : $3.28B
EPS AVA : $2.53 ARLP : $72.64
PE Ratio AVA : 16.55 ARLP : 0.35
PEG Ratio AVA : 5.39 ARLP : 0.01
PS Ratio AVA : 2.53 ARLP : 0.01
PB Ratio AVA : 1.24 ARLP : 1.59
Total Revenue (TTM) AVA : $1.35B ARLP : $517.67B
Gross Profit (TTM) AVA : $711.00M ARLP : $353.56M
EBITDA (TTM) AVA : $455.00M ARLP : $82.91B

Return for Risk

AVA vs. ARLP — Risk / Return Rank

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

AVA

AVA Risk / Return Rank: 63
AVA Sharpe Ratio Rank: 67
AVA Sortino Ratio Rank: 58
AVA Omega Ratio Rank: 56
AVA Calmar Ratio Rank: 67
AVA Martin Ratio Rank: 69

ARLP

ARLP Risk / Return Rank: 49
ARLP Sharpe Ratio Rank: 54
ARLP Sortino Ratio Rank: 46
ARLP Omega Ratio Rank: 44
ARLP Calmar Ratio Rank: 51
ARLP Martin Ratio Rank: 49

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.

AVA vs. ARLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avista Corporation (AVA) and Alliance Resource Partners, L.P. (ARLP). 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.

	AVA	ARLP	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.37	+0.46
Sortino ratio Return per unit of downside risk	1.21	0.69	+0.52
Omega ratio Gain probability vs. loss probability	1.15	1.08	+0.07
Calmar ratio Return relative to maximum drawdown	1.43	0.44	+0.98
Martin ratio Return relative to average drawdown	3.62	0.84	+2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVA vs. ARLP - Sharpe Ratio Comparison

The current AVA Sharpe Ratio is 0.83, which is higher than the ARLP Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of AVA and ARLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVA	ARLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.37	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	1.36	-1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.30	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.37	-0.07

Drawdowns

AVA vs. ARLP - Drawdown Comparison

The maximum AVA drawdown since its inception was -78.86%, smaller than the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for AVA and ARLP.

Drawdown Indicators

	AVA	ARLP	Difference
Max Drawdown Largest peak-to-trough decline	-78.86%	-90.52%	+11.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.89%	-17.62%	+7.73%
Max Drawdown (3Y) Largest decline over 3 years	-25.67%	-20.83%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.74%	-29.13%	+0.39%
Max Drawdown (10Y) Largest decline over 10 years	-37.17%	-85.26%	+48.09%
Current Drawdown Current decline from peak	-0.53%	-9.92%	+9.39%
Average Drawdown Average peak-to-trough decline	-21.83%	-24.34%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	9.26%	-5.36%

Volatility

AVA vs. ARLP - Volatility Comparison

Avista Corporation (AVA) and Alliance Resource Partners, L.P. (ARLP) have volatilities of 5.69% and 5.80%, 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.

Volatility by Period

	AVA	ARLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	5.80%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	15.90%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	22.64%	-5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	33.84%	-12.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	50.25%	-24.79%

Dividends

AVA vs. ARLP - Dividend Comparison

AVA's dividend yield for the trailing twelve months is around 4.70%, less than ARLP's 9.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARLP Alliance Resource Partners, L.P.	9.41%	11.19%	10.65%	13.22%	7.38%	3.16%	8.93%	19.82%	11.94%	9.54%	8.85%	19.74%
AVA Avista Corporation	4.70%	5.09%	5.19%	5.15%	3.97%	3.98%	4.04%	3.22%	3.51%	2.78%	3.43%	3.73%

Financials

Frequently Asked Questions

Can I hold both AVA and ARLP in my portfolio?

AVA and ARLP 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.

Which is riskier, AVA or ARLP?

ARLP has higher volatility (5.80%) compared to AVA (5.69%). In terms of maximum drawdown, AVA dropped -78.86% vs ARLP's -90.52%.

Which has better risk-adjusted returns?

AVA currently has the higher Sharpe Ratio (0.83 vs 0.37), 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.