FLY vs. AVAV

Last updated Jul 11, 2026

FLY (Firefly Aerospace Inc) and AVAV (AeroVironment, Inc.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

FLY vs. AVAV - Performance Comparison

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

Returns By Period

In the year-to-date period, FLY achieves a 7.69% return, which is significantly higher than AVAV's -40.23% return.

FLY

• 1D: -4.71%
• 1M: -24.41%
• 6M: -19.99%
• YTD: 7.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVAV

• 1D: -2.57%
• 1M: -15.24%
• 6M: -60.39%
• YTD: -40.23%
• 1Y: -45.19%
• 3Y*: 13.20%
• 5Y*: 7.79%
• 10Y*: 18.12%

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

FLY vs. AVAV - Yearly Performance Comparison

	2026 (YTD)	2025
FLY Firefly Aerospace Inc	7.69%	-68.04%
AVAV AeroVironment, Inc.	-40.23%	-8.06%

Correlation

The correlation between FLY and AVAV is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.55

Fundamentals

Market Cap FLY : $3.96B AVAV : $7.32B
EPS FLY : -$2.17 AVAV : -$5.41
PS Ratio FLY : 20.13 AVAV : 5.00
PB Ratio FLY : 3.48 AVAV : 1.66
Total Revenue (TTM) FLY : $184.88M AVAV : $1.42B
Gross Profit (TTM) FLY : $40.11M AVAV : $246.70M
EBITDA (TTM) FLY : -$266.77M AVAV : -$6.04M

Return for Risk

FLY vs. AVAV — Risk / Return Rank

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

FLY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AVAV

AVAV Risk / Return Rank: 23
AVAV Sharpe Ratio Rank: 21
AVAV Sortino Ratio Rank: 24
AVAV Omega Ratio Rank: 24
AVAV Calmar Ratio Rank: 23
AVAV Martin Ratio Rank: 23

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.

FLY vs. AVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firefly Aerospace Inc (FLY) 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.

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.

	FLY	AVAV	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.53	—
Sortino ratio: Return per unit of downside risk	—	-0.44	—
Omega ratio: Gain probability vs. loss probability	—	0.95	—
Calmar ratio: Return relative to maximum drawdown	—	-0.59	—
Martin ratio: Return relative to average drawdown	—	-1.03	—

Drawdowns

FLY vs. AVAV - Drawdown Comparison

The maximum FLY drawdown since its inception was -76.03%, which is greater than AVAV's maximum drawdown of -66.65%. Use the drawdown chart below to compare losses from any high point for FLY and AVAV.

Drawdown Indicators

	FLY	AVAV	Difference
Max Drawdown Largest peak-to-trough decline	-76.03%	-66.65%	-9.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-66.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-66.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.65%	—
Current Drawdown Current decline from peak	-65.59%	-64.72%	-0.87%
Average Drawdown Average peak-to-trough decline	-55.79%	-28.83%	-26.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.97%	—

Volatility

Volatility by Period

	FLY	AVAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	30.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	60.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	114.30%	73.82%	+40.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.30%	57.29%	+57.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.30%	52.75%	+61.55%

Dividends

FLY vs. AVAV - Dividend Comparison

Neither FLY nor AVAV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FLY and AVAV in my portfolio?

FLY and AVAV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.