NOW vs. AVAV

Last updated Jun 13, 2026

NOW (ServiceNow, Inc) and AVAV (AeroVironment, Inc.) are both stocks. NOW operates in Software - Application (Technology), while AVAV operates in Aerospace & Defense (Industrials). Over the past 10 years, NOW returned 21.48%/yr vs 18.47%/yr for AVAV. At a 0.30 correlation, their price movements are largely independent.

Performance

NOW vs. AVAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ServiceNow, Inc (NOW) and AeroVironment, Inc. (AVAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOW achieves a -33.32% return, which is significantly lower than AVAV's -29.48% return. Over the past 10 years, NOW has outperformed AVAV with an annualized return of 21.48%, while AVAV has yielded a comparatively lower 18.47% annualized return.

NOW

• 1D: -0.90%
• 1M: 7.45%
• YTD: -33.32%
• 6M: -40.96%
• 1Y: -48.34%
• 3Y*: -2.72%
• 5Y*: 0.51%
• 10Y*: 21.48%

AVAV

• 1D: -7.14%
• 1M: 7.96%
• YTD: -29.48%
• 6M: -28.63%
• 1Y: -12.57%
• 3Y*: 20.96%
• 5Y*: 8.68%
• 10Y*: 18.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOW vs. AVAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOW ServiceNow, Inc	-33.32%	-27.75%	50.05%	81.96%	-40.18%	17.93%	94.97%	58.56%	36.55%	75.40%
AVAV AeroVironment, Inc.	-29.48%	57.18%	22.10%	47.14%	38.09%	-28.62%	40.75%	-9.14%	20.99%	109.32%

Correlation

The correlation between NOW and AVAV 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	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012	0.30

The correlation between NOW and AVAV shifts across timeframes, from 0.14 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NOW : $106.24B AVAV : $8.32B
EPS NOW : $1.68 AVAV : -$4.63
PS Ratio NOW : 7.65 AVAV : 6.94
PB Ratio NOW : 7.83 AVAV : 1.95
Total Revenue (TTM) NOW : $13.96B AVAV : $1.19B
Gross Profit (TTM) NOW : $10.69B AVAV : $104.63M
EBITDA (TTM) NOW : $2.80B AVAV : -$242.06M

Return for Risk

NOW vs. AVAV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOW

NOW Risk / Return Rank: 8
NOW Sharpe Ratio Rank: 5
NOW Sortino Ratio Rank: 7
NOW Omega Ratio Rank: 7
NOW Calmar Ratio Rank: 11
NOW Martin Ratio Rank: 8

AVAV

AVAV Risk / Return Rank: 38
AVAV Sharpe Ratio Rank: 37
AVAV Sortino Ratio Rank: 40
AVAV Omega Ratio Rank: 39
AVAV Calmar Ratio Rank: 37
AVAV Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOW vs. AVAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ServiceNow, Inc (NOW) and AeroVironment, Inc. (AVAV). 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.

	NOW	AVAV	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	-0.14	-0.85
Sortino ratio: Return per unit of downside risk	-1.44	0.33	-1.78
Omega ratio: Gain probability vs. loss probability	0.82	1.04	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.17	-0.65
Martin ratio: Return relative to average drawdown	-1.45	-0.30	-1.15

NOW vs. AVAV - Sharpe Ratio Comparison

The current NOW Sharpe Ratio is -0.99, which is lower than the AVAV Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of NOW and AVAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOW vs. AVAV - Drawdown Comparison

The maximum NOW drawdown since its inception was -64.54%, which is greater than AVAV's maximum drawdown of -61.45%. Use the drawdown chart below to compare losses from any high point for NOW and AVAV.

Drawdown Indicators

	NOW	AVAV	Difference
Max Drawdown Largest peak-to-trough decline	-64.54%	-61.45%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	-60.28%	-61.45%	+1.17%
Max Drawdown (3Y) Largest decline over 3 years	-64.54%	-61.45%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-64.54%	-61.45%	-3.09%
Max Drawdown (10Y) Largest decline over 10 years	-64.54%	-61.45%	-3.09%
Current Drawdown Current decline from peak	-56.36%	-58.38%	+2.02%
Average Drawdown Average peak-to-trough decline	-13.78%	-28.71%	+14.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.02%	34.44%	-0.42%

Volatility

NOW vs. AVAV - Volatility Comparison

ServiceNow, Inc (NOW) and AeroVironment, Inc. (AVAV) have volatilities of 25.56% and 26.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOW	AVAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.56%	26.86%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	47.01%	57.90%	-10.89%
Volatility (1Y) Calculated over the trailing 1-year period	50.12%	74.35%	-24.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.44%	56.01%	-12.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.86%	52.05%	-11.19%

Dividends

NOW vs. AVAV - Dividend Comparison

Neither NOW nor AVAV has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NOW and AVAV in my portfolio?

NOW and AVAV 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.

Which is riskier, NOW or AVAV?

AVAV has higher volatility (26.86%) compared to NOW (25.56%). In terms of maximum drawdown, NOW dropped -64.54% vs AVAV's -61.45%.

Which has better risk-adjusted returns?

AVAV currently has the higher Sharpe Ratio (-0.14 vs -0.99), 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.