PRGS vs. AIR
PRGS (Progress Software Corporation) and AIR (AAR Corp.) are both stocks. PRGS operates in Software - Application (Technology), while AIR operates in Aerospace & Defense (Industrials). Over the past 10 years, PRGS returned 3.19%/yr vs 19.16%/yr for AIR. At a 0.30 correlation, their price movements are largely independent.
Performance
PRGS vs. AIR - Performance Comparison
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Returns By Period
In the year-to-date period, PRGS achieves a -26.75% return, which is significantly lower than AIR's 55.83% return. Over the past 10 years, PRGS has underperformed AIR with an annualized return of 3.19%, while AIR has yielded a comparatively higher 19.16% annualized return.
PRGS
- 1D
- -0.38%
- 1M
- 17.43%
- YTD
- -26.75%
- 6M
- -29.75%
- 1Y
- -49.74%
- 3Y*
- -19.45%
- 5Y*
- -7.35%
- 10Y*
- 3.19%
AIR
- 1D
- 1.40%
- 1M
- 23.40%
- YTD
- 55.83%
- 6M
- 54.17%
- 1Y
- 87.98%
- 3Y*
- 32.00%
- 5Y*
- 25.72%
- 10Y*
- 19.16%
PRGS vs. AIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGS Progress Software Corporation | -26.75% | -34.06% | 21.16% | 8.94% | 6.05% | 8.44% | 10.64% | 18.95% | -15.41% | 35.45% |
AIR AAR Corp. | 55.83% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
Correlation
The correlation between PRGS and AIR is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 1991 | 0.30 |
Over the past year, the correlation between PRGS and AIR has dropped to 0.05 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
PRGS:
$1.34B
AIR:
$4.90B
PRGS:
$1.95
AIR:
$4.63
PRGS:
16.10
AIR:
27.89
PRGS:
44.58
AIR:
9.76
PRGS:
1.39
AIR:
1.52
PRGS:
2.70
AIR:
2.98
PRGS:
$987.62M
AIR:
$3.13B
PRGS:
$802.40M
AIR:
$595.50M
PRGS:
$136.06M
AIR:
$214.30M
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Return for Risk
PRGS vs. AIR — Risk / Return Rank
PRGS
AIR
PRGS vs. AIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Progress Software Corporation (PRGS) 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.
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.
| PRGS | AIR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.45 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.35 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 4.42 | -5.24 |
| Martin ratioReturn relative to average drawdown | -1.30 | 10.44 | -11.73 |
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Drawdowns
PRGS vs. AIR - Drawdown Comparison
The maximum PRGS drawdown since its inception was -67.33%, smaller than the maximum AIR drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for PRGS and AIR.
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Drawdown Indicators
| PRGS | AIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.33% | -89.04% | +21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -61.14% | -19.92% | -41.22% |
Max Drawdown (3Y)Largest decline over 3 years | -64.10% | -35.72% | -28.38% |
Max Drawdown (5Y)Largest decline over 5 years | -64.10% | -35.72% | -28.38% |
Max Drawdown (10Y)Largest decline over 10 years | -64.10% | -81.77% | +17.67% |
Current DrawdownCurrent decline from peak | -54.97% | 0.00% | -54.97% |
Average DrawdownAverage peak-to-trough decline | -23.57% | -34.68% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.81% | 8.42% | +30.39% |
Volatility
PRGS vs. AIR - Volatility Comparison
Progress Software Corporation (PRGS) and AAR Corp. (AIR) have volatilities of 14.81% and 14.13%, 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.
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Volatility by Period
| PRGS | AIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.81% | 14.13% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 41.69% | 32.19% | +9.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.89% | 41.57% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.42% | 35.51% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.17% | 45.35% | -12.18% |
Dividends
PRGS vs. AIR - Dividend Comparison
Neither PRGS nor AIR has 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% |
PRGS Progress Software Corporation | 0.00% | 0.00% | 0.81% | 1.29% | 1.39% | 1.45% | 1.48% | 1.52% | 1.62% | 1.21% | 0.39% | 0.00% |
Financials
PRGS vs. AIR - Financials Comparison
This section allows you to compare key financial metrics between Progress Software Corporation 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
PRGS vs. AIR - Profitability Comparison
PRGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported a gross profit of 203.94M and revenue of 247.80M. Therefore, the gross margin over that period was 82.3%.
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%.
PRGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported an operating income of 46.47M and revenue of 247.80M, resulting in an operating margin of 18.8%.
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%.
PRGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Progress Software Corporation reported a net income of 22.81M and revenue of 247.80M, resulting in a net margin of 9.2%.
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
PRGS and AIR have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGS has higher volatility (14.81%) compared to AIR (14.13%). In terms of maximum drawdown, PRGS dropped -67.33% vs AIR's -89.04%.
AIR currently has the higher Sharpe Ratio (2.12 vs -1.03), 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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