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 -5.12%/yr vs 18.35%/yr for AAON. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
MHK vs. AAON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MHK achieves a 12.63% return, which is significantly lower than AAON's 17.03% return. Over the past 10 years, MHK has underperformed AAON with an annualized return of -5.12%, while AAON has yielded a comparatively higher 18.35% annualized return.
MHK
- 1D
- 2.96%
- 1M
- 3.14%
- 6M
- 3.99%
- YTD
- 12.63%
- 1Y
- 5.50%
- 3Y*
- 4.49%
- 5Y*
- -8.78%
- 10Y*
- -5.12%
- ALL TIME*
- 8.86%
AAON
- 1D
- 1.68%
- 1M
- -17.25%
- 6M
- -2.00%
- YTD
- 17.03%
- 1Y
- 9.54%
- 3Y*
- 8.31%
- 5Y*
- 17.10%
- 10Y*
- 18.35%
- ALL TIME*
- 24.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAON AAON, Inc. | $115.29M | $114.47M | $146.58M |
| $116.10M | $95.75M | $88.51M |
MHK vs. AAON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MHK Mohawk Industries, Inc. | 12.63% | -8.25% | 15.10% | 1.25% | -43.89% | 29.25% | 3.35% | 16.60% | -57.61% | 38.17% |
AAON AAON, Inc. | 17.03% | -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 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
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 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MHK:
$7.50B
AAON:
$7.30B
MHK:
$7.50
AAON:
$1.42
MHK:
16.41
AAON:
62.64
MHK:
0.03
AAON:
2.50
MHK:
0.68
AAON:
4.58
MHK:
0.88
AAON:
7.93
MHK:
$11.18B
AAON:
$1.62B
MHK:
$2.76B
AAON:
$424.33M
MHK:
$914.60M
AAON:
$228.54M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.17 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.39 | 0.46 | -0.06 |
Loading charts...
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.
Loading charts...
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% | -42.71% | +10.21% |
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 | -56.78% | -39.88% | -16.90% |
Average DrawdownAverage peak-to-trough decline | -31.14% | -19.27% | -11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.04% | 15.54% | +3.50% |
Volatility
MHK vs. AAON - Volatility Comparison
The current volatility for Mohawk Industries, Inc. (MHK) is 12.36%, while AAON, Inc. (AAON) has a volatility of 17.84%. 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.
Loading charts...
Volatility by Period
| MHK | AAON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.36% | 17.84% | -5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 30.72% | 48.12% | -17.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.75% | 63.78% | -24.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.79% | 46.63% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.44% | 40.96% | +0.48% |
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 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.45% | 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 Aug 2026, Mohawk Industries, Inc. reported a gross profit of 795.10M and revenue of 2.99B. Therefore, the gross margin over that period was 26.6%.
AAON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 Aug 2026, Mohawk Industries, Inc. reported an operating income of 253.70M and revenue of 2.99B, resulting in an operating margin of 8.5%.
AAON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 Aug 2026, Mohawk Industries, Inc. reported a net income of 196.10M and revenue of 2.99B, resulting in a net margin of 6.6%.
AAON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAON has higher volatility (17.84%) compared to MHK (12.36%). In terms of maximum drawdown, MHK dropped -83.44% vs AAON's -76.03%.
MHK currently has the higher Sharpe Ratio (0.19 vs 0.11), 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.
Find the right allocation for MHK and AAON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer