AVAV vs. PH
AVAV (AeroVironment, Inc.) and PH (Parker-Hannifin Corporation) are both stocks. Both are in the Industrials sector — AVAV in Aerospace & Defense, PH in Specialty Industrial Machinery. Over the past 10 years, AVAV returned 18.47%/yr vs 25.12%/yr for PH. At a 0.39 correlation, their price movements are largely independent.
Performance
AVAV vs. PH - Performance Comparison
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Returns By Period
In the year-to-date period, AVAV achieves a -29.48% return, which is significantly lower than PH's 3.21% return. Over the past 10 years, AVAV has underperformed PH with an annualized return of 18.47%, while PH has yielded a comparatively higher 25.12% annualized return.
AVAV
- 1D
- -7.14%
- 1M
- 5.96%
- YTD
- -29.48%
- 6M
- -28.63%
- 1Y
- -10.28%
- 3Y*
- 20.96%
- 5Y*
- 8.68%
- 10Y*
- 18.47%
PH
- 1D
- 0.12%
- 1M
- 2.39%
- YTD
- 3.21%
- 6M
- 2.52%
- 1Y
- 36.66%
- 3Y*
- 36.33%
- 5Y*
- 26.12%
- 10Y*
- 25.12%
AVAV vs. PH - 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% |
PH Parker-Hannifin Corporation | 3.21% | 39.54% | 39.58% | 60.81% | -6.91% | 18.30% | 34.78% | 40.75% | -24.00% | 44.91% |
Correlation
The correlation between AVAV and PH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.39 |
Over the past year, the correlation between AVAV and PH has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Fundamentals
AVAV:
$8.32B
PH:
$115.65B
AVAV:
-$4.63
PH:
$27.11
AVAV:
6.94
PH:
5.53
AVAV:
1.95
PH:
7.43
AVAV:
$1.19B
PH:
$20.99B
AVAV:
$104.63M
PH:
$7.81B
AVAV:
-$242.06M
PH:
$5.31B
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Return for Risk
AVAV vs. PH — Risk / Return Rank
AVAV
PH
AVAV vs. PH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and Parker-Hannifin Corporation (PH). 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 | PH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.26 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.90 | -2.07 |
| Martin ratioReturn relative to average drawdown | -0.30 | 5.64 | -5.94 |
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Drawdowns
AVAV vs. PH - Drawdown Comparison
The maximum AVAV drawdown since its inception was -61.45%, smaller than the maximum PH drawdown of -66.92%. Use the drawdown chart below to compare losses from any high point for AVAV and PH.
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Drawdown Indicators
| AVAV | PH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.45% | -66.92% | +5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -61.45% | -19.34% | -42.11% |
Max Drawdown (3Y)Largest decline over 3 years | -61.45% | -26.79% | -34.66% |
Max Drawdown (5Y)Largest decline over 5 years | -61.45% | -28.64% | -32.81% |
Max Drawdown (10Y)Largest decline over 10 years | -61.45% | -54.68% | -6.77% |
Current DrawdownCurrent decline from peak | -58.38% | -11.49% | -46.89% |
Average DrawdownAverage peak-to-trough decline | -28.71% | -15.33% | -13.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.44% | 6.52% | +27.92% |
Volatility
AVAV vs. PH - Volatility Comparison
AeroVironment, Inc. (AVAV) has a higher volatility of 26.86% compared to Parker-Hannifin Corporation (PH) at 7.58%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than PH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVAV | PH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.86% | 7.58% | +19.28% |
Volatility (6M)Calculated over the trailing 6-month period | 57.90% | 18.96% | +38.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.35% | 25.10% | +49.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.01% | 28.68% | +27.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.05% | 31.70% | +20.35% |
Dividends
AVAV vs. PH - Dividend Comparison
AVAV has not paid dividends to shareholders, while PH's dividend yield for the trailing twelve months is around 0.82%.
| 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% |
PH Parker-Hannifin Corporation | 0.82% | 0.80% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% |
Financials
AVAV vs. PH - Financials Comparison
This section allows you to compare key financial metrics between AeroVironment, Inc. and Parker-Hannifin Corporation. 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 PH have a correlation of 0.17, 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 PH (7.58%). In terms of maximum drawdown, AVAV dropped -61.45% vs PH's -66.92%.
PH currently has the higher Sharpe Ratio (1.47 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.
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