MTN vs. AIR
MTN (Vail Resorts, Inc.) and AIR (AAR Corp.) are both stocks. MTN operates in Resorts & Casinos (Consumer Cyclical), while AIR operates in Aerospace & Defense (Industrials). Over the past 10 years, MTN returned 2.68%/yr vs 17.24%/yr for AIR. At a 0.33 correlation, their price movements are largely independent.
Performance
MTN vs. AIR - Performance Comparison
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Returns By Period
In the year-to-date period, MTN achieves a 5.09% return, which is significantly lower than AIR's 38.57% return. Over the past 10 years, MTN has underperformed AIR with an annualized return of 2.68%, while AIR has yielded a comparatively higher 17.24% annualized return.
MTN
- 1D
- 1.36%
- 1M
- 9.40%
- YTD
- 5.09%
- 6M
- -1.45%
- 1Y
- -2.97%
- 3Y*
- -12.71%
- 5Y*
- -12.18%
- 10Y*
- 2.68%
AIR
- 1D
- -1.65%
- 1M
- -2.60%
- YTD
- 38.57%
- 6M
- 41.40%
- 1Y
- 71.53%
- 3Y*
- 27.63%
- 5Y*
- 23.30%
- 10Y*
- 17.24%
MTN vs. AIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTN Vail Resorts, Inc. | 5.09% | -24.88% | -7.96% | -7.06% | -24.89% | 18.15% | 17.77% | 17.34% | 1.74% | 34.43% |
AIR AAR Corp. | 38.57% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
Correlation
The correlation between MTN and AIR is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 1997 | 0.33 |
The correlation between MTN and AIR shifts across timeframes, from 0.26 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MTN:
$5.62
AIR:
$4.63
MTN:
24.41
AIR:
24.80
MTN:
0.60
AIR:
8.68
MTN:
1.31
AIR:
1.35
MTN:
$2.83B
AIR:
$3.13B
MTN:
$2.12B
AIR:
$595.50M
MTN:
$499.82M
AIR:
$214.30M
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Return for Risk
MTN vs. AIR — Risk / Return Rank
MTN
AIR
MTN vs. AIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vail Resorts, Inc. (MTN) 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.
| MTN | AIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.31 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.61 | -3.72 |
| Martin ratioReturn relative to average drawdown | -0.20 | 8.54 | -8.74 |
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
| MTN | AIR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.78 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.66 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.38 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.16 | +0.05 |
Drawdowns
MTN vs. AIR - Drawdown Comparison
The maximum MTN drawdown since its inception was -77.54%, smaller than the maximum AIR drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for MTN and AIR.
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Drawdown Indicators
| MTN | AIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.54% | -89.04% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -26.40% | -19.92% | -6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -45.73% | -35.72% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -61.17% | -35.72% | -25.45% |
Max Drawdown (10Y)Largest decline over 10 years | -61.17% | -81.77% | +20.60% |
Current DrawdownCurrent decline from peak | -55.24% | -8.95% | -46.29% |
Average DrawdownAverage peak-to-trough decline | -26.12% | -34.70% | +8.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.74% | 8.40% | +6.34% |
Volatility
MTN vs. AIR - Volatility Comparison
The current volatility for Vail Resorts, Inc. (MTN) is 6.59%, while AAR Corp. (AIR) has a volatility of 12.70%. This indicates that MTN 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
| MTN | AIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 12.70% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 31.17% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.65% | 40.51% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.70% | 35.32% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 45.27% | -12.98% |
Dividends
MTN vs. AIR - Dividend Comparison
MTN's dividend yield for the trailing twelve months is around 6.47%, while AIR has not 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% |
MTN Vail Resorts, Inc. | 6.47% | 6.69% | 4.74% | 3.86% | 3.21% | 0.54% | 0.63% | 2.94% | 2.79% | 1.98% | 2.01% | 1.95% |
Financials
MTN vs. AIR - Financials Comparison
This section allows you to compare key financial metrics between Vail Resorts, Inc. 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
MTN vs. AIR - Profitability Comparison
MTN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vail Resorts, Inc. reported a gross profit of 1.15B and revenue of 1.21B. Therefore, the gross margin over that period was 95.3%.
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%.
MTN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vail Resorts, Inc. reported an operating income of 494.13M and revenue of 1.21B, resulting in an operating margin of 41.0%.
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%.
MTN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vail Resorts, Inc. reported a net income of 314.44M and revenue of 1.21B, resulting in a net margin of 26.1%.
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
MTN and AIR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIR has higher volatility (12.70%) compared to MTN (6.59%). In terms of maximum drawdown, MTN dropped -77.54% vs AIR's -89.04%.
AIR currently has the higher Sharpe Ratio (1.78 vs -0.09), 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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