MKL vs. AIR
MKL (Markel Corporation) and AIR (AAR Corp.) are both stocks. MKL operates in Insurance - Property & Casualty (Financial Services), while AIR operates in Aerospace & Defense (Industrials). Over the past 10 years, MKL returned 6.32%/yr vs 16.85%/yr for AIR. At a 0.26 correlation, their price movements are largely independent.
Performance
MKL vs. AIR - Performance Comparison
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Returns By Period
In the year-to-date period, MKL achieves a -17.31% return, which is significantly lower than AIR's 34.51% return. Over the past 10 years, MKL has underperformed AIR with an annualized return of 6.32%, while AIR has yielded a comparatively higher 16.85% annualized return.
MKL
- 1D
- -0.55%
- 1M
- 1.50%
- YTD
- -17.31%
- 6M
- -13.58%
- 1Y
- -9.20%
- 3Y*
- 9.28%
- 5Y*
- 7.68%
- 10Y*
- 6.32%
AIR
- 1D
- 0.68%
- 1M
- 1.64%
- YTD
- 34.51%
- 6M
- 34.75%
- 1Y
- 72.65%
- 3Y*
- 27.18%
- 5Y*
- 21.87%
- 10Y*
- 16.85%
MKL vs. AIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKL Markel Corporation | -17.31% | 24.53% | 21.57% | 7.77% | 6.77% | 19.42% | -9.61% | 10.13% | -8.87% | 25.94% |
AIR AAR Corp. | 34.51% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
Correlation
The correlation between MKL and AIR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1990 | 0.26 |
The correlation between MKL and AIR shifts across timeframes, from 0.25 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MKL:
$176.96
AIR:
$4.63
MKL:
10.05
AIR:
24.07
MKL:
0.18
AIR:
8.42
MKL:
1.00
AIR:
1.31
MKL:
$16.57B
AIR:
$3.13B
MKL:
$7.80B
AIR:
$595.50M
MKL:
$2.55B
AIR:
$214.30M
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Return for Risk
MKL vs. AIR — Risk / Return Rank
MKL
AIR
MKL vs. AIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Markel Corporation (MKL) and AAR Corp. (AIR). 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.
| MKL | AIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.31 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.67 | -4.13 |
| Martin ratioReturn relative to average drawdown | -1.16 | 8.72 | -9.88 |
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
| MKL | AIR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | 1.81 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.62 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.37 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.16 | +0.30 |
Drawdowns
MKL vs. AIR - Drawdown Comparison
The maximum MKL drawdown since its inception was -61.32%, smaller than the maximum AIR drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for MKL and AIR.
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Drawdown Indicators
| MKL | AIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.32% | -89.04% | +27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -19.92% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -35.72% | +15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -28.87% | -35.72% | +6.85% |
Max Drawdown (10Y)Largest decline over 10 years | -44.66% | -81.77% | +37.11% |
Current DrawdownCurrent decline from peak | -18.90% | -11.61% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -11.39% | -34.70% | +23.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 8.36% | -0.39% |
Volatility
MKL vs. AIR - Volatility Comparison
The current volatility for Markel Corporation (MKL) is 3.91%, while AAR Corp. (AIR) has a volatility of 13.62%. This indicates that MKL experiences smaller price fluctuations and is considered to be less risky than AIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKL | AIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 13.62% | -9.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 30.97% | -17.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 40.40% | -21.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.41% | 35.28% | -12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.27% | 45.25% | -19.98% |
Dividends
MKL vs. AIR - Dividend Comparison
Neither MKL nor AIR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.67% | 0.80% | 0.76% | 0.91% | 1.14% |
MKL Markel Corporation | 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
MKL vs. AIR - Financials Comparison
This section allows you to compare key financial metrics between Markel Corporation and AAR Corp.. 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
MKL vs. AIR - Profitability Comparison
MKL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Markel Corporation reported a gross profit of 0.00 and revenue of 3.55B. Therefore, the gross margin over that period was 0.0%.
AIR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AAR Corp. reported a gross profit of 154.70M and revenue of 845.10M. Therefore, the gross margin over that period was 18.3%.
MKL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Markel Corporation reported an operating income of -273.33M and revenue of 3.55B, resulting in an operating margin of -7.7%.
AIR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AAR Corp. reported an operating income of 64.80M and revenue of 845.10M, resulting in an operating margin of 7.7%.
MKL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Markel Corporation reported a net income of -335.52M and revenue of 3.55B, resulting in a net margin of -9.5%.
AIR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AAR Corp. reported a net income of 68.00M and revenue of 845.10M, resulting in a net margin of 8.1%.
Frequently Asked Questions
MKL and AIR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIR has higher volatility (13.62%) compared to MKL (3.91%). In terms of maximum drawdown, MKL dropped -61.32% vs AIR's -89.04%.
AIR currently has the higher Sharpe Ratio (1.81 vs -0.49), 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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