GBTG vs. AER
GBTG (Global Business Travel Group Inc) and AER (AerCap Holdings N.V.) are both stocks. GBTG operates in Software - Application (Technology), while AER operates in Airports & Air Services (Industrials). Over the past 5 years, GBTG returned -0.91%/yr vs 18.99%/yr for AER. At a 0.19 correlation, their price movements are largely independent.
Performance
GBTG vs. AER - Performance Comparison
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Returns By Period
In the year-to-date period, GBTG achieves a 22.48% return, which is significantly higher than AER's -5.93% return.
GBTG
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 22.48%
- 6M
- 17.12%
- 1Y
- 46.41%
- 3Y*
- 6.85%
- 5Y*
- -0.91%
- 10Y*
- —
AER
- 1D
- 0.34%
- 1M
- -2.07%
- YTD
- -5.93%
- 6M
- -2.10%
- 1Y
- 17.43%
- 3Y*
- 32.57%
- 5Y*
- 18.99%
- 10Y*
- 13.65%
GBTG vs. AER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBTG Global Business Travel Group Inc | 22.48% | -17.56% | 43.88% | -4.44% | -31.61% | -5.19% | 7.88% |
AER AerCap Holdings N.V. | -5.93% | 51.66% | 29.81% | 27.43% | -10.85% | 43.53% | 12.71% |
Correlation
The correlation between GBTG and AER is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.19 |
Fundamentals
GBTG:
$4.87B
AER:
$22.18B
GBTG:
$0.17
AER:
$22.98
GBTG:
54.58
AER:
5.85
GBTG:
0.21
AER:
0.15
GBTG:
1.60
AER:
2.83
GBTG:
3.02
AER:
1.21
GBTG:
$2.94B
AER:
$8.11B
GBTG:
$1.73B
AER:
$4.29B
GBTG:
$403.00M
AER:
$6.71B
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Return for Risk
GBTG vs. AER — Risk / Return Rank
GBTG
AER
GBTG vs. AER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Business Travel Group Inc (GBTG) and AerCap Holdings N.V. (AER). 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.
| GBTG | AER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.18 | -0.03 |
| Martin ratioReturn relative to average drawdown | 2.70 | 3.20 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBTG | AER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.70 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.59 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.19 | -0.21 |
Drawdowns
GBTG vs. AER - Drawdown Comparison
The maximum GBTG drawdown since its inception was -60.07%, smaller than the maximum AER drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for GBTG and AER.
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Drawdown Indicators
| GBTG | AER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.07% | -94.38% | +34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -40.41% | -14.77% | -25.64% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -15.66% | -32.35% |
Max Drawdown (5Y)Largest decline over 5 years | -56.00% | -45.14% | -10.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.86% | — |
Current DrawdownCurrent decline from peak | -14.97% | -12.65% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -30.16% | -28.39% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.26% | 5.46% | +11.80% |
Volatility
GBTG vs. AER - Volatility Comparison
The current volatility for Global Business Travel Group Inc (GBTG) is 2.94%, while AerCap Holdings N.V. (AER) has a volatility of 9.54%. This indicates that GBTG experiences smaller price fluctuations and is considered to be less risky than AER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBTG | AER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 9.54% | -6.60% |
Volatility (6M)Calculated over the trailing 6-month period | 54.50% | 20.14% | +34.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.82% | 24.89% | +44.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.42% | 32.31% | +17.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.26% | 41.91% | +5.35% |
Dividends
GBTG vs. AER - Dividend Comparison
GBTG has not paid dividends to shareholders, while AER's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AER AerCap Holdings N.V. | 1.00% | 0.75% | 0.78% |
GBTG Global Business Travel Group Inc | 0.00% | 0.00% | 0.00% |
Financials
GBTG vs. AER - Financials Comparison
This section allows you to compare key financial metrics between Global Business Travel Group Inc and AerCap Holdings N.V.. 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
GBTG vs. AER - Profitability Comparison
GBTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Global Business Travel Group Inc reported a gross profit of 490.00M and revenue of 840.00M. Therefore, the gross margin over that period was 58.3%.
AER - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AerCap Holdings N.V. reported a gross profit of 1.41B and revenue of 2.16B. Therefore, the gross margin over that period was 65.4%.
GBTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Global Business Travel Group Inc reported an operating income of 3.00M and revenue of 840.00M, resulting in an operating margin of 0.4%.
AER - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AerCap Holdings N.V. reported an operating income of 1.28B and revenue of 2.16B, resulting in an operating margin of 59.3%.
GBTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Global Business Travel Group Inc reported a net income of 52.00M and revenue of 840.00M, resulting in a net margin of 6.2%.
AER - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AerCap Holdings N.V. reported a net income of 818.12M and revenue of 2.16B, resulting in a net margin of 37.8%.
Frequently Asked Questions
GBTG and AER have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AER has higher volatility (9.54%) compared to GBTG (2.94%). In terms of maximum drawdown, GBTG dropped -60.07% vs AER's -94.38%.
AER currently has the higher Sharpe Ratio (0.70 vs 0.67), 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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