FANG vs. AOS
FANG (Diamondback Energy, Inc.) and AOS (A. O. Smith Corporation) are both stocks. FANG operates in Oil & Gas E&P (Energy), while AOS operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, FANG returned 11.95%/yr vs 4.50%/yr for AOS. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
FANG vs. AOS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FANG achieves a 36.56% return, which is significantly higher than AOS's -8.58% return. Over the past 10 years, FANG has outperformed AOS with an annualized return of 11.95%, while AOS has yielded a comparatively lower 4.50% annualized return.
FANG
- 1D
- 1.59%
- 1M
- 17.97%
- 6M
- 25.21%
- YTD
- 36.56%
- 1Y
- 42.46%
- 3Y*
- 15.28%
- 5Y*
- 26.60%
- 10Y*
- 11.95%
- ALL TIME*
- 21.62%
AOS
- 1D
- 1.14%
- 1M
- -3.55%
- 6M
- -17.22%
- YTD
- -8.58%
- 1Y
- -12.70%
- 3Y*
- -4.12%
- 5Y*
- -1.16%
- 10Y*
- 4.50%
- ALL TIME*
- 13.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $119.26M | $110.97M | $106.04M | |
| $369.57M | $368.14M | $455.33M |
FANG vs. AOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FANG Diamondback Energy, Inc. | 36.56% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
AOS A. O. Smith Corporation | -8.58% | 0.07% | -15.92% | 47.30% | -32.07% | 59.28% | 17.46% | 13.65% | -29.35% | 30.78% |
Correlation
The correlation between FANG and AOS is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012 | 0.26 |
The correlation between FANG and AOS shifts across timeframes, from -0.09 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FANG:
$57.09B
AOS:
$8.33B
FANG:
$1.41
AOS:
$3.59
FANG:
144.08
AOS:
16.77
FANG:
3.82
AOS:
2.20
FANG:
1.57
AOS:
3.90
FANG:
$15.19B
AOS:
$3.80B
FANG:
$7.30B
AOS:
$1.47B
FANG:
$5.54B
AOS:
$734.10M
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
FANG vs. AOS — Risk / Return Rank
FANG
AOS
FANG vs. AOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diamondback Energy, Inc. (FANG) and A. O. Smith Corporation (AOS). 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.
| FANG | AOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.93 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.44 | +2.54 |
| Martin ratioReturn relative to average drawdown | 6.23 | -0.83 | +7.07 |
Loading charts...
Drawdowns
FANG vs. AOS - Drawdown Comparison
The maximum FANG drawdown since its inception was -88.72%, which is greater than AOS's maximum drawdown of -66.07%. Use the drawdown chart below to compare losses from any high point for FANG and AOS.
Loading charts...
Drawdown Indicators
| FANG | AOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.72% | -66.07% | -22.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.09% | -30.29% | +11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -42.10% | -36.93% | -5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -42.68% | +0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -88.72% | -46.81% | -41.91% |
Current DrawdownCurrent decline from peak | -4.50% | -31.60% | +27.10% |
Average DrawdownAverage peak-to-trough decline | -19.29% | -20.51% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 15.82% | -9.35% |
Volatility
FANG vs. AOS - Volatility Comparison
Diamondback Energy, Inc. (FANG) has a higher volatility of 10.65% compared to A. O. Smith Corporation (AOS) at 9.13%. This indicates that FANG's price experiences larger fluctuations and is considered to be riskier than AOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FANG | AOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 9.13% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 24.08% | 20.39% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.58% | 25.92% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.37% | 27.41% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.07% | 27.19% | +21.88% |
Dividends
FANG vs. AOS - Dividend Comparison
FANG's dividend yield for the trailing twelve months is around 2.04%, less than AOS's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOS A. O. Smith Corporation | 2.39% | 2.06% | 1.91% | 1.84% | 1.99% | 1.23% | 1.79% | 1.89% | 1.78% | 0.91% | 1.01% | 0.99% |
FANG Diamondback Energy, Inc. | 2.04% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% |
Financials
FANG vs. AOS - Financials Comparison
This section allows you to compare key financial metrics between Diamondback Energy, Inc. and A. O. Smith 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
FANG vs. AOS - Profitability Comparison
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported a gross profit of 3.85B and revenue of 4.24B. Therefore, the gross margin over that period was 90.9%.
AOS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, A. O. Smith Corporation reported a gross profit of 387.80M and revenue of 1.00B. Therefore, the gross margin over that period was 38.6%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported an operating income of 30.00M and revenue of 4.24B, resulting in an operating margin of 0.7%.
AOS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, A. O. Smith Corporation reported an operating income of 167.50M and revenue of 1.00B, resulting in an operating margin of 16.7%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Diamondback Energy, Inc. reported a net income of 144.00M and revenue of 4.24B, resulting in a net margin of 3.4%.
AOS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, A. O. Smith Corporation reported a net income of 124.90M and revenue of 1.00B, resulting in a net margin of 12.4%.
Frequently Asked Questions
FANG and AOS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (10.65%) compared to AOS (9.13%). In terms of maximum drawdown, FANG dropped -88.72% vs AOS's -66.07%.
FANG currently has the higher Sharpe Ratio (1.28 vs -0.51), 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 FANG and AOS
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