AVAV vs. AIR
AVAV (AeroVironment, Inc.) and AIR (AAR Corp.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AVAV returned 18.22%/yr vs 19.86%/yr for AIR. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
AVAV vs. AIR - Performance Comparison
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Returns By Period
In the year-to-date period, AVAV achieves a -38.25% return, which is significantly lower than AIR's 69.15% return. Over the past 10 years, AVAV has underperformed AIR with an annualized return of 18.22%, while AIR has yielded a comparatively higher 19.86% annualized return.
AVAV
- 1D
- 1.91%
- 1M
- -21.75%
- 6M
- -46.35%
- YTD
- -38.25%
- 1Y
- -42.57%
- 3Y*
- 15.09%
- 5Y*
- 8.12%
- 10Y*
- 18.22%
- ALL TIME*
- 9.59%
AIR
- 1D
- 0.40%
- 1M
- -0.05%
- 6M
- 32.23%
- YTD
- 69.15%
- 1Y
- 91.86%
- 3Y*
- 32.70%
- 5Y*
- 31.39%
- 10Y*
- 19.86%
- ALL TIME*
- 7.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AIR AAR Corp. | $76.76M | $64.91M | $57.98M |
| $190.78M | $258.41M | $271.62M |
AVAV vs. AIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | -38.25% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
AIR AAR Corp. | 69.15% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
Correlation
The correlation between AVAV and AIR is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.42 |
The correlation between AVAV and AIR shifts across timeframes, from 0.32 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AVAV:
$7.56B
AIR:
$5.59B
AVAV:
-$5.41
AIR:
$4.99
AVAV:
5.17
AIR:
2.21
AVAV:
1.71
AIR:
3.25
AVAV:
$1.42B
AIR:
$2.38B
AVAV:
$246.70M
AIR:
$622.00M
AVAV:
-$6.04M
AIR:
$375.20M
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Return for Risk
AVAV vs. AIR — Risk / Return Rank
AVAV
AIR
AVAV vs. AIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and AAR Corp. (AIR). 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.
| AVAV | AIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.33 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 4.41 | -5.08 |
| Martin ratioReturn relative to average drawdown | -1.08 | 12.13 | -13.21 |
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Drawdowns
AVAV vs. AIR - Drawdown Comparison
The maximum AVAV drawdown since its inception was -66.65%, smaller than the maximum AIR drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for AVAV and AIR.
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Drawdown Indicators
| AVAV | AIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.65% | -89.04% | +22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -66.65% | -19.92% | -46.73% |
Max Drawdown (3Y)Largest decline over 3 years | -66.65% | -35.72% | -30.93% |
Max Drawdown (5Y)Largest decline over 5 years | -66.65% | -35.72% | -30.93% |
Max Drawdown (10Y)Largest decline over 10 years | -66.65% | -81.77% | +15.12% |
Current DrawdownCurrent decline from peak | -63.55% | -2.49% | -61.06% |
Average DrawdownAverage peak-to-trough decline | -28.94% | -34.57% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.94% | 7.24% | +33.70% |
Volatility
AVAV vs. AIR - Volatility Comparison
AeroVironment, Inc. (AVAV) has a higher volatility of 23.79% compared to AAR Corp. (AIR) at 16.65%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than AIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVAV | AIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.79% | 16.65% | +7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 59.10% | 34.81% | +24.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.38% | 42.14% | +32.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.67% | 35.89% | +21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.98% | 45.44% | +7.54% |
Dividends
AVAV vs. AIR - Dividend Comparison
Neither AVAV nor AIR 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% |
AVAV AeroVironment, 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
AVAV vs. AIR - Financials Comparison
This section allows you to compare key financial metrics between AeroVironment, Inc. and AAR Corp.. 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
Frequently Asked Questions
AVAV and AIR 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.
AVAV has higher volatility (23.79%) compared to AIR (16.65%). In terms of maximum drawdown, AVAV dropped -66.65% vs AIR's -89.04%.
AIR currently has the higher Sharpe Ratio (2.09 vs -0.60), 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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