AVAV vs. ESLT
AVAV (AeroVironment, Inc.) and ESLT (Elbit Systems Ltd) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AVAV returned 18.47%/yr vs 26.53%/yr for ESLT. At a 0.26 correlation, their price movements are largely independent.
Performance
AVAV vs. ESLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVAV achieves a -29.48% return, which is significantly lower than ESLT's 48.00% return. Over the past 10 years, AVAV has underperformed ESLT with an annualized return of 18.47%, while ESLT has yielded a comparatively higher 26.53% annualized return.
AVAV
- 1D
- -7.14%
- 1M
- 7.96%
- YTD
- -29.48%
- 6M
- -28.63%
- 1Y
- -12.57%
- 3Y*
- 20.96%
- 5Y*
- 8.68%
- 10Y*
- 18.47%
ESLT
- 1D
- -6.48%
- 1M
- 13.87%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 88.74%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
AVAV vs. ESLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | -29.48% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
Correlation
The correlation between AVAV and ESLT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.26 |
Over the past year, AVAV and ESLT have become more correlated (0.47) than their long-term average of 0.26, meaning their price movements have been converging.
Fundamentals
AVAV:
$8.32B
ESLT:
$41.10B
AVAV:
-$4.63
ESLT:
$12.36
AVAV:
6.94
ESLT:
4.93
AVAV:
1.95
ESLT:
9.65
AVAV:
$1.19B
ESLT:
$8.23B
AVAV:
$104.63M
ESLT:
$2.03B
AVAV:
-$242.06M
ESLT:
$861.06M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVAV vs. ESLT — Risk / Return Rank
AVAV
ESLT
AVAV vs. ESLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and Elbit Systems Ltd (ESLT). 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 | ESLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.83 | -4.00 |
| Martin ratioReturn relative to average drawdown | -0.30 | 10.61 | -10.91 |
Loading charts...
Drawdowns
AVAV vs. ESLT - Drawdown Comparison
The maximum AVAV drawdown since its inception was -61.45%, which is greater than ESLT's maximum drawdown of -53.79%. Use the drawdown chart below to compare losses from any high point for AVAV and ESLT.
Loading charts...
Drawdown Indicators
| AVAV | ESLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.45% | -53.79% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -61.45% | -25.98% | -35.47% |
Max Drawdown (3Y)Largest decline over 3 years | -61.45% | -25.98% | -35.47% |
Max Drawdown (5Y)Largest decline over 5 years | -61.45% | -32.89% | -28.56% |
Max Drawdown (10Y)Largest decline over 10 years | -61.45% | -32.89% | -28.56% |
Current DrawdownCurrent decline from peak | -58.38% | -15.71% | -42.67% |
Average DrawdownAverage peak-to-trough decline | -28.71% | -13.91% | -14.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.44% | 9.36% | +25.08% |
Volatility
AVAV vs. ESLT - Volatility Comparison
AeroVironment, Inc. (AVAV) has a higher volatility of 26.86% compared to Elbit Systems Ltd (ESLT) at 19.89%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than ESLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVAV | ESLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.86% | 19.89% | +6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 57.90% | 35.93% | +21.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.35% | 44.11% | +30.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.01% | 33.66% | +22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.05% | 29.42% | +22.63% |
Dividends
AVAV vs. ESLT - Dividend Comparison
AVAV has not paid dividends to shareholders, while ESLT's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
Financials
AVAV vs. ESLT - Financials Comparison
This section allows you to compare key financial metrics between AeroVironment, Inc. and Elbit Systems Ltd. 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 ESLT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (26.86%) compared to ESLT (19.89%). In terms of maximum drawdown, AVAV dropped -61.45% vs ESLT's -53.79%.
ESLT currently has the higher Sharpe Ratio (2.26 vs -0.14), 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.
Find the right allocation for AVAV and ESLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer