MHK vs. AAON
MHK (Mohawk Industries, Inc.) and AAON (AAON, Inc.) are both stocks. MHK operates in Furnishings, Fixtures & Appliances (Consumer Cyclical), while AAON operates in Building Products & Equipment (Industrials). Over the past 10 years, MHK returned -5.09%/yr vs 23.51%/yr for AAON. At a 0.28 correlation, their price movements are largely independent.
Performance
MHK vs. AAON - Performance Comparison
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Returns By Period
In the year-to-date period, MHK achieves a 0.59% return, which is significantly lower than AAON's 78.92% return. Over the past 10 years, MHK has underperformed AAON with an annualized return of -5.09%, while AAON has yielded a comparatively higher 23.51% annualized return.
MHK
- 1D
- -2.09%
- 1M
- 7.37%
- YTD
- 0.59%
- 6M
- 1.26%
- 1Y
- 10.47%
- 3Y*
- 3.97%
- 5Y*
- -10.20%
- 10Y*
- -5.09%
AAON
- 1D
- -0.41%
- 1M
- 1.23%
- YTD
- 78.92%
- 6M
- 81.71%
- 1Y
- 89.68%
- 3Y*
- 29.45%
- 5Y*
- 27.96%
- 10Y*
- 23.51%
MHK vs. AAON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHK Mohawk Industries, Inc. | 0.59% | -8.25% | 15.10% | 1.25% | -43.89% | 29.25% | 3.35% | 16.60% | -57.61% | 38.17% |
AAON AAON, Inc. | 78.92% | -34.91% | 59.88% | 47.86% | -4.55% | 19.84% | 35.71% | 41.88% | -3.59% | 11.84% |
Correlation
The correlation between MHK and AAON is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 1992 | 0.28 |
The correlation between MHK and AAON shifts across timeframes, from 0.28 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MHK:
$6.78B
AAON:
$11.33B
MHK:
$6.66
AAON:
$1.42
MHK:
16.51
AAON:
95.74
MHK:
0.03
AAON:
3.83
MHK:
0.62
AAON:
6.99
MHK:
0.81
AAON:
12.12
MHK:
$10.99B
AAON:
$1.62B
MHK:
$2.67B
AAON:
$424.33M
MHK:
$1.00B
AAON:
$228.54M
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Return for Risk
MHK vs. AAON — Risk / Return Rank
MHK
AAON
MHK vs. AAON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mohawk Industries, Inc. (MHK) 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.
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.
| MHK | AAON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.28 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.93 | -2.61 |
| Martin ratioReturn relative to average drawdown | 0.58 | 7.04 | -6.46 |
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Drawdowns
MHK vs. AAON - Drawdown Comparison
The maximum MHK drawdown since its inception was -83.44%, which is greater than AAON's maximum drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for MHK and AAON.
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Drawdown Indicators
| MHK | AAON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.44% | -76.03% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -32.50% | -30.75% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -42.02% | -48.86% | +6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -63.51% | -48.86% | -14.65% |
Max Drawdown (10Y)Largest decline over 10 years | -79.40% | -48.86% | -30.54% |
Current DrawdownCurrent decline from peak | -61.40% | -8.09% | -53.31% |
Average DrawdownAverage peak-to-trough decline | -31.05% | -19.25% | -11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.02% | 12.77% | +5.25% |
Volatility
MHK vs. AAON - Volatility Comparison
The current volatility for Mohawk Industries, Inc. (MHK) is 13.23%, while AAON, Inc. (AAON) has a volatility of 15.79%. This indicates that MHK 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
| MHK | AAON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.23% | 15.79% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 28.92% | 44.77% | -15.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.52% | 61.92% | -23.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.47% | 45.79% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.27% | 40.49% | +0.78% |
Dividends
MHK vs. AAON - Dividend Comparison
MHK has not paid dividends to shareholders, while AAON's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.29% | 0.52% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% |
MHK Mohawk Industries, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MHK vs. AAON - Financials Comparison
This section allows you to compare key financial metrics between Mohawk Industries, Inc. 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
MHK vs. AAON - Profitability Comparison
MHK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mohawk Industries, Inc. reported a gross profit of 641.90M and revenue of 2.73B. Therefore, the gross margin over that period was 23.5%.
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%.
MHK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mohawk Industries, Inc. reported an operating income of 111.80M and revenue of 2.73B, resulting in an operating margin of 4.1%.
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%.
MHK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mohawk Industries, Inc. reported a net income of 117.10M and revenue of 2.73B, resulting in a net margin of 4.3%.
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
MHK and AAON have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAON has higher volatility (15.79%) compared to MHK (13.23%). In terms of maximum drawdown, MHK dropped -83.44% vs AAON's -76.03%.
AAON currently has the higher Sharpe Ratio (1.46 vs 0.27), 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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