KALU vs. AA
KALU (Kaiser Aluminum Corporation) and AA (Alcoa Corporation) are both stocks. Both operate in the Aluminum industry within the Basic Materials sector. Over the past 5 years, KALU returned 11.33%/yr vs 16.94%/yr for AA. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
KALU vs. AA - Performance Comparison
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Returns By Period
In the year-to-date period, KALU achieves a 63.95% return, which is significantly higher than AA's 52.66% return.
KALU
- 1D
- -2.11%
- 1M
- 9.98%
- YTD
- 63.95%
- 6M
- 80.91%
- 1Y
- 149.26%
- 3Y*
- 45.72%
- 5Y*
- 11.33%
- 10Y*
- 11.24%
AA
- 1D
- -3.50%
- 1M
- 29.67%
- YTD
- 52.66%
- 6M
- 83.95%
- 1Y
- 195.08%
- 3Y*
- 33.82%
- 5Y*
- 16.94%
- 10Y*
- —
KALU vs. AA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KALU Kaiser Aluminum Corporation | 63.95% | 70.14% | 2.75% | -2.14% | -16.17% | -2.44% | -7.57% | 27.24% | -14.68% | 40.65% |
AA Alcoa Corporation | 52.66% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
Correlation
The correlation between KALU and AA is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016 | 0.59 |
The correlation between KALU and AA has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Fundamentals
KALU:
$3.14B
AA:
$21.32B
KALU:
$9.20
AA:
$3.92
KALU:
20.24
AA:
20.63
KALU:
0.55
AA:
0.06
KALU:
0.84
AA:
1.67
KALU:
3.58
AA:
3.12
KALU:
$3.70B
AA:
$12.66B
KALU:
$379.10M
AA:
$948.00M
KALU:
$380.80M
AA:
$1.70B
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Return for Risk
KALU vs. AA — Risk / Return Rank
KALU
AA
KALU vs. AA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kaiser Aluminum Corporation (KALU) 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.
| KALU | AA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 12.43 | -6.66 |
| Martin ratioReturn relative to average drawdown | 14.70 | 30.82 | -16.12 |
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
| KALU | AA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 3.74 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.30 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.26 | -0.01 |
Drawdowns
KALU vs. AA - Drawdown Comparison
The maximum KALU drawdown since its inception was -82.08%, smaller than the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for KALU and AA.
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Drawdown Indicators
| KALU | AA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.08% | -90.90% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -26.03% | -15.80% | -10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -52.25% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -57.59% | -75.46% | +17.87% |
Max Drawdown (10Y)Largest decline over 10 years | -58.48% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -10.95% | +8.84% |
Average DrawdownAverage peak-to-trough decline | -25.58% | -46.21% | +20.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 6.36% | +3.83% |
Volatility
KALU vs. AA - Volatility Comparison
The current volatility for Kaiser Aluminum Corporation (KALU) is 12.45%, while Alcoa Corporation (AA) has a volatility of 15.13%. This indicates that KALU 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.
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Volatility by Period
| KALU | AA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.45% | 15.13% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 32.36% | 38.86% | -6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.68% | 52.62% | -7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.53% | 55.96% | -11.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.97% | 55.55% | -13.58% |
Dividends
KALU vs. AA - Dividend Comparison
KALU's dividend yield for the trailing twelve months is around 1.65%, more than AA's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.49% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
KALU Kaiser Aluminum Corporation | 1.65% | 2.68% | 4.38% | 4.33% | 4.05% | 3.07% | 2.71% | 2.16% | 2.46% | 1.87% | 2.32% | 1.91% |
Financials
KALU vs. AA - Financials Comparison
This section allows you to compare key financial metrics between Kaiser Aluminum Corporation and Alcoa 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
KALU vs. AA - Profitability Comparison
KALU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kaiser Aluminum Corporation reported a gross profit of 133.20M and revenue of 1.11B. Therefore, the gross margin over that period was 12.0%.
AA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 0.0%.
KALU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kaiser Aluminum Corporation reported an operating income of 97.80M and revenue of 1.11B, resulting in an operating margin of 8.8%.
AA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating margin of 0.0%.
KALU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kaiser Aluminum Corporation reported a net income of 62.50M and revenue of 1.11B, resulting in a net margin of 5.7%.
AA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.
Frequently Asked Questions
KALU and AA have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (15.13%) compared to KALU (12.45%). In terms of maximum drawdown, KALU dropped -82.08% vs AA's -90.90%.
AA currently has the higher Sharpe Ratio (3.74 vs 3.36), 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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