GTX vs. AA

Last updated Jun 9, 2026

GTX (Garrett Motion Inc.) and AA (Alcoa Corporation) are both stocks. GTX operates in Auto Parts (Consumer Cyclical), while AA operates in Aluminum (Basic Materials). Over the past 5 years, GTX returned 33.47%/yr vs 15.22%/yr for AA. At a 0.26 correlation, their price movements are largely independent.

Performance

GTX vs. AA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Garrett Motion Inc. (GTX) and Alcoa Corporation (AA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTX achieves a 86.21% return, which is significantly higher than AA's 38.65% return.

GTX

• 1D: 0.91%
• 1M: 11.48%
• YTD: 86.21%
• 6M: 97.18%
• 1Y: 221.55%
• 3Y*: 62.84%
• 5Y*: 33.47%
• 10Y*: —

AA

• 1D: 2.16%
• 1M: 16.43%
• YTD: 38.65%
• 6M: 65.72%
• 1Y: 164.65%
• 3Y*: 29.24%
• 5Y*: 15.22%
• 10Y*: —

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

GTX vs. AA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTX Garrett Motion Inc.	86.21%	97.23%	-6.62%	26.90%	-5.11%	81.26%	-55.66%	-19.04%	-43.91%
AA Alcoa Corporation	38.65%	42.46%	12.43%	-24.33%	-23.12%	159.05%	7.16%	-19.07%	-37.88%

Correlation

The correlation between GTX and AA 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	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 17, 2018	0.26

Fundamentals

Market Cap GTX : $6.23B AA : $19.36B
EPS GTX : $1.72 AA : $3.92
PE Ratio GTX : 18.76 AA : 18.74
PEG Ratio GTX : 0.15 AA : 0.05
PS Ratio GTX : 2.38 AA : 1.52
Total Revenue (TTM) GTX : $2.71B AA : $12.66B
Gross Profit (TTM) GTX : $855.00M AA : $948.00M
EBITDA (TTM) GTX : $452.00M AA : $1.70B

Return for Risk

GTX vs. AA — Risk / Return Rank

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

GTX

GTX Risk / Return Rank: 98
GTX Sharpe Ratio Rank: 99
GTX Sortino Ratio Rank: 99
GTX Omega Ratio Rank: 98
GTX Calmar Ratio Rank: 98
GTX Martin Ratio Rank: 98

AA

AA Risk / Return Rank: 95
AA Sharpe Ratio Rank: 96
AA Sortino Ratio Rank: 92
AA Omega Ratio Rank: 90
AA Calmar Ratio Rank: 98
AA Martin Ratio Rank: 97

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.

GTX vs. AA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Garrett Motion Inc. (GTX) and Alcoa Corporation (AA). 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.

	GTX	AA	Difference
Sharpe ratio: Return per unit of total volatility	4.67	3.11	+1.56
Sortino ratio: Return per unit of downside risk	6.57	3.46	+3.11
Omega ratio: Gain probability vs. loss probability	1.79	1.41	+0.38
Calmar ratio: Return relative to maximum drawdown	11.22	10.49	+0.73
Martin ratio: Return relative to average drawdown	36.36	25.51	+10.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTX vs. AA - Sharpe Ratio Comparison

The current GTX Sharpe Ratio is 4.67, which is higher than the AA Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of GTX and AA, 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

	GTX	AA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.67	3.11	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.27	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.24	-0.13

Drawdowns

GTX vs. AA - Drawdown Comparison

The maximum GTX drawdown since its inception was -93.08%, roughly equal to the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for GTX and AA.

Drawdown Indicators

	GTX	AA	Difference
Max Drawdown Largest peak-to-trough decline	-93.08%	-90.90%	-2.18%
Max Drawdown (1Y) Largest decline over 1 year	-19.87%	-15.80%	-4.07%
Max Drawdown (3Y) Largest decline over 3 years	-26.82%	-52.25%	+25.43%
Max Drawdown (5Y) Largest decline over 5 years	-31.66%	-75.46%	+43.80%
Current Drawdown Current decline from peak	-4.63%	-19.12%	+14.49%
Average Drawdown Average peak-to-trough decline	-50.96%	-46.18%	-4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	6.48%	-0.36%

Volatility

GTX vs. AA - Volatility Comparison

The current volatility for Garrett Motion Inc. (GTX) is 14.68%, while Alcoa Corporation (AA) has a volatility of 18.33%. This indicates that GTX experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTX	AA	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.68%	18.33%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	34.96%	39.63%	-4.67%
Volatility (1Y) Calculated over the trailing 1-year period	47.87%	53.40%	-5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.53%	56.08%	-14.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.96%	55.59%	+8.37%

Dividends

GTX vs. AA - Dividend Comparison

GTX's dividend yield for the trailing twelve months is around 0.93%, more than AA's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AA Alcoa Corporation	0.54%	0.75%	1.06%	1.18%	0.88%	0.17%	0.00%	0.00%	0.00%	0.00%	0.32%
GTX Garrett Motion Inc.	0.93%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both GTX and AA in my portfolio?

GTX and AA 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.

Which is riskier, GTX or AA?

AA has higher volatility (18.33%) compared to GTX (14.68%). In terms of maximum drawdown, GTX dropped -93.08% vs AA's -90.90%.

Which has better risk-adjusted returns?

GTX currently has the higher Sharpe Ratio (4.67 vs 3.11), 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.