CLS.TO vs. AVAV

Last updated Jun 9, 2026

CLS.TO (Celestica Inc.) and AVAV (AeroVironment, Inc.) are both stocks. CLS.TO operates in Electronic Components (Technology), while AVAV operates in Aerospace & Defense (Industrials). Over the past 10 years, CLS.TO returned 44.44%/yr vs 20.25%/yr for AVAV. At a 0.25 correlation, their price movements are largely independent.

Performance

CLS.TO vs. AVAV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Celestica Inc. (CLS.TO) and AeroVironment, Inc. (AVAV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLS.TO is traded in CAD, while AVAV is traded in USD. To make them comparable, the AVAV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLS.TO achieves a 32.58% return, which is significantly higher than AVAV's -22.26% return. Over the past 10 years, CLS.TO has outperformed AVAV with an annualized return of 44.44%, while AVAV has yielded a comparatively lower 20.25% annualized return.

CLS.TO

• 1D: 3.80%
• 1M: 4.71%
• YTD: 32.58%
• 6M: 13.91%
• 1Y: 225.20%
• 3Y*: 213.80%
• 5Y*: 120.83%
• 10Y*: 44.44%

AVAV

• 1D: -0.39%
• 1M: 12.02%
• YTD: -22.26%
• 6M: -34.10%
• 1Y: -1.29%
• 3Y*: 25.31%
• 5Y*: 14.04%
• 10Y*: 20.25%

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

CLS.TO vs. AVAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLS.TO Celestica Inc.	32.58%	206.05%	241.82%	154.33%	8.23%	37.29%	-4.64%	-9.95%	-9.26%	-17.16%
AVAV AeroVironment, Inc.	-22.26%	50.01%	32.43%	43.64%	46.85%	-28.65%	37.41%	-12.88%	31.17%	95.15%

Correlation

The correlation between CLS.TO and AVAV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007	0.25

Fundamentals

Market Cap CLS.TO : CA$62.28B AVAV : $9.01B
EPS CLS.TO : CA$8.28 AVAV : -$4.63
PS Ratio CLS.TO : 4.52 AVAV : 7.51
PB Ratio CLS.TO : 29.68 AVAV : 2.11
Total Revenue (TTM) CLS.TO : CA$13.81B AVAV : $1.19B
Gross Profit (TTM) CLS.TO : CA$1.60B AVAV : $104.63M
EBITDA (TTM) CLS.TO : CA$1.36B AVAV : -$242.06M

Return for Risk

CLS.TO vs. AVAV — Risk / Return Rank

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

CLS.TO

CLS.TO Risk / Return Rank: 93
CLS.TO Sharpe Ratio Rank: 96
CLS.TO Sortino Ratio Rank: 89
CLS.TO Omega Ratio Rank: 89
CLS.TO Calmar Ratio Rank: 96
CLS.TO Martin Ratio Rank: 95

AVAV

AVAV Risk / Return Rank: 41
AVAV Sharpe Ratio Rank: 40
AVAV Sortino Ratio Rank: 43
AVAV Omega Ratio Rank: 42
AVAV Calmar Ratio Rank: 41
AVAV Martin Ratio Rank: 40

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.

CLS.TO vs. AVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS.TO) and AeroVironment, Inc. (AVAV). 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.

	CLS.TO	AVAV	Difference
Sharpe ratio: Return per unit of total volatility	3.17	-0.02	+3.19
Sortino ratio: Return per unit of downside risk	3.00	0.53	+2.47
Omega ratio: Gain probability vs. loss probability	1.41	1.07	+0.34
Calmar ratio: Return relative to maximum drawdown	7.15	-0.02	+7.17
Martin ratio: Return relative to average drawdown	17.88	-0.04	+17.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLS.TO vs. AVAV - Sharpe Ratio Comparison

The current CLS.TO Sharpe Ratio is 3.17, which is higher than the AVAV Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of CLS.TO and AVAV, 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

	CLS.TO	AVAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.17	-0.02	+3.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.16	0.25	+1.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.39	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.25	+0.22

Drawdowns

CLS.TO vs. AVAV - Drawdown Comparison

The maximum CLS.TO drawdown since its inception was -79.32%, which is greater than AVAV's maximum drawdown of -63.60%. Use the drawdown chart below to compare losses from any high point for CLS.TO and AVAV.

Drawdown Indicators

	CLS.TO	AVAV	Difference
Max Drawdown Largest peak-to-trough decline	-79.32%	-63.60%	-15.72%
Max Drawdown (1Y) Largest decline over 1 year	-31.71%	-62.20%	+30.49%
Max Drawdown (3Y) Largest decline over 3 years	-54.25%	-62.20%	+7.95%
Max Drawdown (5Y) Largest decline over 5 years	-54.25%	-62.20%	+7.95%
Max Drawdown (10Y) Largest decline over 10 years	-79.32%	-62.20%	-17.12%
Current Drawdown Current decline from peak	-17.55%	-55.11%	+37.56%
Average Drawdown Average peak-to-trough decline	-28.86%	-31.28%	+2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.66%	34.28%	-21.62%

Volatility

CLS.TO vs. AVAV - Volatility Comparison

Celestica Inc. (CLS.TO) has a higher volatility of 26.92% compared to AeroVironment, Inc. (AVAV) at 25.31%. This indicates that CLS.TO's price experiences larger fluctuations and is considered to be riskier than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLS.TO	AVAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.92%	25.31%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	54.95%	59.21%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	71.57%	74.35%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.52%	56.10%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.79%	52.30%	-3.51%

Dividends

CLS.TO vs. AVAV - Dividend Comparison

Neither CLS.TO nor AVAV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CLS.TO and AVAV in my portfolio?

CLS.TO and AVAV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.