PI vs. AVAV
PI (Impinj, Inc.) and AVAV (AeroVironment, Inc.) are both stocks. PI operates in Communication Equipment (Technology), while AVAV operates in Aerospace & Defense (Industrials). Over the past 10 years, PI returned 22.81%/yr vs 18.22%/yr for AVAV. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
PI vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, PI achieves a -13.02% return, which is significantly higher than AVAV's -38.25% return. Over the past 10 years, PI has outperformed AVAV with an annualized return of 22.81%, while AVAV has yielded a comparatively lower 18.22% annualized return.
PI
- 1D
- 2.62%
- 1M
- 6.91%
- 6M
- 9.60%
- YTD
- -13.02%
- 1Y
- -1.02%
- 3Y*
- 32.11%
- 5Y*
- 26.90%
- 10Y*
- 22.81%
- ALL TIME*
- 23.66%
AVAV
- 1D
- 1.91%
- 1M
- -21.75%
- 6M
- -46.35%
- YTD
- -38.25%
- 1Y
- -42.57%
- 3Y*
- 15.09%
- 5Y*
- 8.12%
- 10Y*
- 18.22%
- ALL TIME*
- 9.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $190.78M | $258.41M | $271.62M | |
| $71.48M | $54.70M | $60.73M |
PI vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PI Impinj, Inc. | -13.02% | 19.79% | 61.35% | -17.54% | 23.09% | 111.85% | 61.91% | 77.73% | -35.42% | -36.25% |
AVAV AeroVironment, Inc. | -38.25% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
Correlation
The correlation between PI and AVAV is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2016 | 0.29 |
Fundamentals
PI:
$4.62B
AVAV:
$7.56B
PI:
-$0.89
AVAV:
-$5.41
PI:
12.30
AVAV:
5.17
PI:
20.26
AVAV:
1.71
PI:
$371.53M
AVAV:
$1.42B
PI:
$195.84M
AVAV:
$246.70M
PI:
-$14.76M
AVAV:
-$6.04M
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Return for Risk
PI vs. AVAV — Risk / Return Rank
PI
AVAV
PI vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impinj, Inc. (PI) 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.
| PI | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.93 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.67 | +0.63 |
| Martin ratioReturn relative to average drawdown | -0.06 | -1.08 | +1.02 |
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Drawdowns
PI vs. AVAV - Drawdown Comparison
The maximum PI drawdown since its inception was -81.35%, which is greater than AVAV's maximum drawdown of -66.65%. Use the drawdown chart below to compare losses from any high point for PI and AVAV.
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Drawdown Indicators
| PI | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.35% | -66.65% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -62.24% | -66.65% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -73.79% | -66.65% | -7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -73.79% | -66.65% | -7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -81.35% | -66.65% | -14.70% |
Current DrawdownCurrent decline from peak | -37.43% | -63.55% | +26.12% |
Average DrawdownAverage peak-to-trough decline | -36.78% | -28.94% | -7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.63% | 40.94% | -3.31% |
Volatility
PI vs. AVAV - Volatility Comparison
The current volatility for Impinj, Inc. (PI) is 15.85%, while AeroVironment, Inc. (AVAV) has a volatility of 23.79%. This indicates that PI experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PI | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.85% | 23.79% | -7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 55.86% | 59.10% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.00% | 74.38% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.90% | 57.67% | +12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.71% | 52.98% | +19.73% |
Dividends
PI vs. AVAV - Dividend Comparison
Neither PI nor AVAV has paid dividends to shareholders.
Financials
PI vs. AVAV - Financials Comparison
This section allows you to compare key financial metrics between Impinj, Inc. and AeroVironment, Inc.. 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
PI vs. AVAV - Profitability Comparison
PI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Impinj, Inc. reported a gross profit of 63.53M and revenue of 108.37M. Therefore, the gross margin over that period was 58.6%.
AVAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AeroVironment, Inc. reported a gross profit of 0.00 and revenue of 80.12M. Therefore, the gross margin over that period was 0.0%.
PI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Impinj, Inc. reported an operating income of 10.50M and revenue of 108.37M, resulting in an operating margin of 9.7%.
AVAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AeroVironment, Inc. reported an operating income of 56.94M and revenue of 80.12M, resulting in an operating margin of 71.1%.
PI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Impinj, Inc. reported a net income of 12.22M and revenue of 108.37M, resulting in a net margin of 11.3%.
AVAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AeroVironment, Inc. reported a net income of -24.10M and revenue of 80.12M, resulting in a net margin of -30.1%.
Frequently Asked Questions
PI and AVAV 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.
AVAV has higher volatility (23.79%) compared to PI (15.85%). In terms of maximum drawdown, PI dropped -81.35% vs AVAV's -66.65%.
PI currently has the higher Sharpe Ratio (-0.03 vs -0.60), 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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