AVAV vs. KTOS
AVAV (AeroVironment, Inc.) and KTOS (Kratos Defense & Security Solutions, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AVAV returned 17.77%/yr vs 26.02%/yr for KTOS. At a 0.40 correlation, their price movements are largely independent.
Performance
AVAV vs. KTOS - Performance Comparison
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Returns By Period
In the year-to-date period, AVAV achieves a -41.38% return, which is significantly lower than KTOS's -38.14% return. Over the past 10 years, AVAV has underperformed KTOS with an annualized return of 17.77%, while KTOS has yielded a comparatively higher 26.02% annualized return.
AVAV
- 1D
- -1.92%
- 1M
- -16.87%
- 6M
- -61.75%
- YTD
- -41.38%
- 1Y
- -46.25%
- 3Y*
- 13.71%
- 5Y*
- 8.24%
- 10Y*
- 17.77%
KTOS
- 1D
- -2.55%
- 1M
- -18.68%
- 6M
- -60.16%
- YTD
- -38.14%
- 1Y
- -9.19%
- 3Y*
- 52.73%
- 5Y*
- 12.07%
- 10Y*
- 26.02%
AVAV vs. KTOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | -41.38% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
KTOS Kratos Defense & Security Solutions, Inc. | -38.14% | 187.76% | 30.01% | 96.61% | -46.80% | -29.27% | 52.30% | 27.82% | 33.05% | 43.11% |
Correlation
The correlation between AVAV and KTOS is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.40 |
Over the past year, AVAV and KTOS have become more correlated (0.77) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
AVAV:
$7.18B
KTOS:
$8.81B
AVAV:
-$5.41
KTOS:
$0.17
AVAV:
4.91
KTOS:
5.81
AVAV:
1.63
KTOS:
2.47
AVAV:
$1.42B
KTOS:
$1.42B
AVAV:
$246.70M
KTOS:
$259.40M
AVAV:
-$6.04M
KTOS:
$78.30M
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Return for Risk
AVAV vs. KTOS — Risk / Return Rank
AVAV
KTOS
AVAV vs. KTOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and Kratos Defense & Security Solutions, Inc. (KTOS). 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 | KTOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.04 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.14 | -0.55 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.27 | -0.94 |
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Drawdowns
AVAV vs. KTOS - Drawdown Comparison
The maximum AVAV drawdown since its inception was -66.65%, smaller than the maximum KTOS drawdown of -99.81%. Use the drawdown chart below to compare losses from any high point for AVAV and KTOS.
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Drawdown Indicators
| AVAV | KTOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.65% | -99.81% | +33.16% |
Max Drawdown (1Y)Largest decline over 1 year | -66.65% | -64.57% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -66.65% | -64.57% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -66.65% | -66.97% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -66.65% | -72.74% | +6.09% |
Current DrawdownCurrent decline from peak | -65.40% | -97.03% | +31.63% |
Average DrawdownAverage peak-to-trough decline | -28.84% | -95.93% | +67.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.19% | 34.26% | +3.93% |
Volatility
AVAV vs. KTOS - Volatility Comparison
AeroVironment, Inc. (AVAV) has a higher volatility of 30.07% compared to Kratos Defense & Security Solutions, Inc. (KTOS) at 17.76%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than KTOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVAV | KTOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.07% | 17.76% | +12.31% |
Volatility (6M)Calculated over the trailing 6-month period | 60.23% | 54.32% | +5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.14% | 71.09% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.31% | 52.65% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 50.91% | +1.86% |
Dividends
AVAV vs. KTOS - Dividend Comparison
Neither AVAV nor KTOS has paid dividends to shareholders.
Financials
AVAV vs. KTOS - Financials Comparison
This section allows you to compare key financial metrics between AeroVironment, Inc. and Kratos Defense & Security Solutions, Inc.. 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
AVAV vs. KTOS - Profitability Comparison
AVAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported a gross profit of 0.00 and revenue of 80.12M. Therefore, the gross margin over that period was 0.0%.
KTOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Kratos Defense & Security Solutions, Inc. reported a gross profit of 34.70M and revenue of 371.00M. Therefore, the gross margin over that period was 9.4%.
AVAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported an operating income of 56.94M and revenue of 80.12M, resulting in an operating margin of 71.1%.
KTOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Kratos Defense & Security Solutions, Inc. reported an operating income of 4.70M and revenue of 371.00M, resulting in an operating margin of 1.3%.
AVAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported a net income of -24.10M and revenue of 80.12M, resulting in a net margin of -30.1%.
KTOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Kratos Defense & Security Solutions, Inc. reported a net income of 11.90M and revenue of 371.00M, resulting in a net margin of 3.2%.
Frequently Asked Questions
AVAV and KTOS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (30.07%) compared to KTOS (17.76%). In terms of maximum drawdown, AVAV dropped -66.65% vs KTOS's -99.81%.
KTOS currently has the higher Sharpe Ratio (-0.13 vs -0.64), 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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