LPX vs. AAON
LPX (Louisiana-Pacific Corporation) and AAON (AAON, Inc.) are both stocks. Both operate in the Building Products & Equipment industry within the Industrials sector. Over the past 10 years, LPX returned 16.31%/yr vs 22.73%/yr for AAON. At a 0.30 correlation, their price movements are largely independent.
Performance
LPX vs. AAON - Performance Comparison
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Returns By Period
In the year-to-date period, LPX achieves a -12.58% return, which is significantly lower than AAON's 73.52% return. Over the past 10 years, LPX has underperformed AAON with an annualized return of 16.31%, while AAON has yielded a comparatively higher 22.73% annualized return.
LPX
- 1D
- -0.78%
- 1M
- -6.39%
- YTD
- -12.58%
- 6M
- -16.54%
- 1Y
- -22.51%
- 3Y*
- 4.62%
- 5Y*
- 3.37%
- 10Y*
- 16.31%
AAON
- 1D
- -0.43%
- 1M
- -5.38%
- YTD
- 73.52%
- 6M
- 59.35%
- 1Y
- 37.17%
- 3Y*
- 28.06%
- 5Y*
- 25.74%
- 10Y*
- 22.73%
LPX vs. AAON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPX Louisiana-Pacific Corporation | -12.58% | -21.05% | 47.93% | 21.55% | -23.38% | 113.30% | 27.96% | 36.40% | -13.75% | 38.72% |
AAON AAON, Inc. | 73.52% | -34.91% | 59.88% | 47.86% | -4.55% | 19.84% | 35.71% | 41.88% | -3.59% | 11.84% |
Correlation
The correlation between LPX and AAON is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1992 | 0.30 |
The correlation between LPX and AAON shifts across timeframes, from 0.30 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
LPX:
$4.90B
AAON:
$10.98B
LPX:
$1.17
AAON:
$1.42
LPX:
59.80
AAON:
92.85
LPX:
1.92
AAON:
6.78
LPX:
2.83
AAON:
11.76
LPX:
$2.56B
AAON:
$1.62B
LPX:
$507.00M
AAON:
$424.33M
LPX:
$247.00M
AAON:
$228.54M
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Return for Risk
LPX vs. AAON — Risk / Return Rank
LPX
AAON
LPX vs. AAON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Louisiana-Pacific Corporation (LPX) and AAON, Inc. (AAON). 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.
| LPX | AAON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.16 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.21 | -1.88 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.48 | -3.70 |
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
| LPX | AAON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 0.59 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.57 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.57 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.52 | -0.37 |
Drawdowns
LPX vs. AAON - Drawdown Comparison
The maximum LPX drawdown since its inception was -96.41%, which is greater than AAON's maximum drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for LPX and AAON.
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Drawdown Indicators
| LPX | AAON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.41% | -76.03% | -20.38% |
Max Drawdown (1Y)Largest decline over 1 year | -33.83% | -30.75% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -43.14% | -48.86% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -48.86% | +5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -59.45% | -48.86% | -10.59% |
Current DrawdownCurrent decline from peak | -40.57% | -10.87% | -29.70% |
Average DrawdownAverage peak-to-trough decline | -37.86% | -19.26% | -18.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.43% | 15.78% | +2.65% |
Volatility
LPX vs. AAON - Volatility Comparison
The current volatility for Louisiana-Pacific Corporation (LPX) is 12.83%, while AAON, Inc. (AAON) has a volatility of 16.69%. This indicates that LPX experiences smaller price fluctuations and is considered to be less risky than AAON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPX | AAON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.83% | 16.69% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 31.48% | 45.22% | -13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.38% | 63.60% | -22.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 45.60% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.85% | 40.37% | +0.48% |
Dividends
LPX vs. AAON - Dividend Comparison
LPX's dividend yield for the trailing twelve months is around 1.66%, more than AAON's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.30% | 0.52% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% |
LPX Louisiana-Pacific Corporation | 1.66% | 1.39% | 1.00% | 1.36% | 1.49% | 0.87% | 1.56% | 1.82% | 2.34% | 0.00% | 0.00% | 0.00% |
Financials
LPX vs. AAON - Financials Comparison
This section allows you to compare key financial metrics between Louisiana-Pacific Corporation and AAON, Inc.. 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
LPX vs. AAON - Profitability Comparison
LPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a gross profit of 115.00M and revenue of 574.00M. Therefore, the gross margin over that period was 20.0%.
AAON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported a gross profit of 124.97M and revenue of 496.94M. Therefore, the gross margin over that period was 25.2%.
LPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported an operating income of 34.00M and revenue of 574.00M, resulting in an operating margin of 5.9%.
AAON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported an operating income of 57.06M and revenue of 496.94M, resulting in an operating margin of 11.5%.
LPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a net income of 27.00M and revenue of 574.00M, resulting in a net margin of 4.7%.
AAON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported a net income of 39.82M and revenue of 496.94M, resulting in a net margin of 8.0%.
Frequently Asked Questions
LPX and AAON have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAON has higher volatility (16.69%) compared to LPX (12.83%). In terms of maximum drawdown, LPX dropped -96.41% vs AAON's -76.03%.
AAON currently has the higher Sharpe Ratio (0.59 vs -0.55), 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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