NN vs. AVIO.MI
NN (NextNav Inc.) and AVIO.MI (Avio S.p.A.) are both stocks. NN operates in Internet Content & Information (Communication Services), while AVIO.MI operates in Aerospace & Defense (Industrials). Over the past 3 years, NN returned 74.14%/yr vs 53.74%/yr for AVIO.MI. At a 0.10 correlation, their price movements are largely independent.
Performance
NN vs. AVIO.MI - Performance Comparison
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Different Trading Currencies
NN is traded in USD, while AVIO.MI is traded in EUR. To make them comparable, the AVIO.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NN achieves a -3.85% return, which is significantly lower than AVIO.MI's 2.30% return.
NN
- 1D
- -5.38%
- 1M
- -25.58%
- 6M
- 11.73%
- YTD
- -3.85%
- 1Y
- -0.87%
- 3Y*
- 74.14%
- 5Y*
- —
- 10Y*
- —
AVIO.MI
- 1D
- -1.95%
- 1M
- -18.88%
- 6M
- -17.40%
- YTD
- 2.30%
- 1Y
- 23.66%
- 3Y*
- 53.74%
- 5Y*
- 19.73%
- 10Y*
- 6.25%
NN vs. AVIO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NN NextNav Inc. | -3.85% | 6.94% | 249.66% | 51.88% | -66.55% | -19.49% |
AVIO.MI Avio S.p.A. | 2.30% | 139.74% | 57.04% | -8.81% | -21.50% | -1.74% |
Correlation
The correlation between NN and AVIO.MI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.10 |
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Return for Risk
NN vs. AVIO.MI — Risk / Return Rank
NN
AVIO.MI
NN vs. AVIO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextNav Inc. (NN) and Avio S.p.A. (AVIO.MI). 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.
| NN | AVIO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 0.49 | -0.54 |
| Martin ratioReturn relative to average drawdown | -0.10 | 0.81 | -0.91 |
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Drawdowns
NN vs. AVIO.MI - Drawdown Comparison
The maximum NN drawdown since its inception was -86.54%, which is greater than AVIO.MI's maximum drawdown of -67.00%. Use the drawdown chart below to compare losses from any high point for NN and AVIO.MI.
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Drawdown Indicators
| NN | AVIO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.54% | -67.00% | -19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -56.77% | +20.15% |
Max Drawdown (3Y)Largest decline over 3 years | -47.78% | -56.77% | +8.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.00% | — |
Current DrawdownCurrent decline from peak | -32.17% | -44.98% | +12.81% |
Average DrawdownAverage peak-to-trough decline | -45.36% | -34.09% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.82% | 34.52% | -17.70% |
Volatility
NN vs. AVIO.MI - Volatility Comparison
NextNav Inc. (NN) has a higher volatility of 21.19% compared to Avio S.p.A. (AVIO.MI) at 15.07%. This indicates that NN's price experiences larger fluctuations and is considered to be riskier than AVIO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NN | AVIO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.19% | 15.07% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 63.39% | 43.04% | +20.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.98% | 68.35% | +4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.90% | 43.89% | +33.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.90% | 39.86% | +37.04% |
Dividends
NN vs. AVIO.MI - Dividend Comparison
NN has not paid dividends to shareholders, while AVIO.MI's dividend yield for the trailing twelve months is around 0.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVIO.MI Avio S.p.A. | 0.48% | 0.41% | 1.07% | 0.00% | 1.86% | 2.44% | 0.00% | 3.17% | 3.41% |
NN NextNav Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NN vs. AVIO.MI - Financials Comparison
This section allows you to compare key financial metrics between NextNav Inc. and Avio S.p.A.. 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
Frequently Asked Questions
NN and AVIO.MI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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