OMAB vs. AER
OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) and AER (AerCap Holdings N.V.) are both stocks. Both operate in the Airports & Air Services industry within the Industrials sector. Over the past 10 years, OMAB returned 12.84%/yr vs 15.86%/yr for AER. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
OMAB vs. AER - Performance Comparison
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Returns By Period
In the year-to-date period, OMAB achieves a 1.14% return, which is significantly lower than AER's 5.54% return. Over the past 10 years, OMAB has underperformed AER with an annualized return of 12.84%, while AER has yielded a comparatively higher 15.86% annualized return.
OMAB
- 1D
- -1.10%
- 1M
- -4.32%
- 6M
- -5.94%
- YTD
- 1.14%
- 1Y
- 6.86%
- 3Y*
- 12.05%
- 5Y*
- 25.37%
- 10Y*
- 12.84%
- ALL TIME*
- 13.62%
AER
- 1D
- -1.29%
- 1M
- 2.07%
- 6M
- 5.62%
- YTD
- 5.54%
- 1Y
- 40.62%
- 3Y*
- 33.53%
- 5Y*
- 23.85%
- 10Y*
- 15.86%
- ALL TIME*
- 9.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $174.13M | $156.70M | $179.82M | |
| $5.85M | $7.04M | $8.67M |
OMAB vs. AER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 1.14% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
AER AerCap Holdings N.V. | 5.54% | 51.66% | 29.81% | 27.43% | -10.85% | 43.53% | -25.85% | 55.23% | -24.73% | 26.44% |
Correlation
The correlation between OMAB and AER is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006 | 0.30 |
Fundamentals
OMAB:
$5.16B
AER:
$23.79B
OMAB:
MX$112.31
AER:
$20.44
OMAB:
16.51
AER:
7.38
OMAB:
0.94
AER:
0.18
OMAB:
5.48
AER:
3.02
OMAB:
9.82
AER:
1.29
OMAB:
MX$16.33B
AER:
$8.30B
OMAB:
MX$11.30B
AER:
$4.97B
OMAB:
MX$10.15B
AER:
$7.54B
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Return for Risk
OMAB vs. AER — Risk / Return Rank
OMAB
AER
OMAB vs. AER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) and AerCap Holdings N.V. (AER). 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.
| OMAB | AER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 2.86 | -2.64 |
| Martin ratioReturn relative to average drawdown | 0.45 | 7.41 | -6.96 |
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Drawdowns
OMAB vs. AER - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.75%, smaller than the maximum AER drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for OMAB and AER.
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Drawdown Indicators
| OMAB | AER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -94.38% | +16.63% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -14.77% | -12.10% |
Max Drawdown (3Y)Largest decline over 3 years | -41.78% | -15.66% | -26.12% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -45.14% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -68.88% | -75.86% | +6.98% |
Current DrawdownCurrent decline from peak | -18.50% | -2.07% | -16.43% |
Average DrawdownAverage peak-to-trough decline | -22.66% | -28.23% | +5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.92% | 5.70% | +7.22% |
Volatility
OMAB vs. AER - Volatility Comparison
The current volatility for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) is 8.10%, while AerCap Holdings N.V. (AER) has a volatility of 8.99%. This indicates that OMAB experiences smaller price fluctuations and is considered to be less risky than AER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OMAB | AER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 8.99% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 23.81% | 21.96% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 26.54% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.97% | 32.10% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.36% | 41.65% | -3.29% |
Dividends
OMAB vs. AER - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.09%, more than AER's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AER AerCap Holdings N.V. | 0.89% | 0.75% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.09% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Financials
OMAB vs. AER - Financials Comparison
This section allows you to compare key financial metrics between Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. and AerCap Holdings N.V.. 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
OMAB vs. AER - Profitability Comparison
OMAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a gross profit of 2.98B and revenue of 4.47B. Therefore, the gross margin over that period was 66.6%.
AER - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AerCap Holdings N.V. reported a gross profit of 1.29B and revenue of 2.08B. Therefore, the gross margin over that period was 61.9%.
OMAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported an operating income of 2.39B and revenue of 4.47B, resulting in an operating margin of 53.5%.
AER - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AerCap Holdings N.V. reported an operating income of 1.15B and revenue of 2.08B, resulting in an operating margin of 55.2%.
OMAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a net income of 1.47B and revenue of 4.47B, resulting in a net margin of 32.8%.
AER - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AerCap Holdings N.V. reported a net income of 725.72M and revenue of 2.08B, resulting in a net margin of 34.9%.
Frequently Asked Questions
OMAB and AER 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.
AER has higher volatility (8.99%) compared to OMAB (8.10%). In terms of maximum drawdown, OMAB dropped -77.75% vs AER's -94.38%.
AER currently has the higher Sharpe Ratio (1.60 vs 0.19), 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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