SNX vs. AIR

Last updated Jun 9, 2026

SNX (TD SYNNEX Corporation) and AIR (AAR Corp.) are both stocks. SNX operates in Information Technology Services (Technology), while AIR operates in Aerospace & Defense (Industrials). Over the past 10 years, SNX returned 20.42%/yr vs 17.24%/yr for AIR. At a 0.41 correlation, their price movements are largely independent.

Performance

SNX vs. AIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TD SYNNEX Corporation (SNX) and AAR Corp. (AIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNX achieves a 81.92% return, which is significantly higher than AIR's 38.57% return. Over the past 10 years, SNX has outperformed AIR with an annualized return of 20.42%, while AIR has yielded a comparatively lower 17.24% annualized return.

SNX

• 1D: 1.11%
• 1M: 13.68%
• YTD: 81.92%
• 6M: 77.15%
• 1Y: 122.59%
• 3Y*: 44.91%
• 5Y*: 18.03%
• 10Y*: 20.42%

AIR

• 1D: -1.65%
• 1M: -2.60%
• YTD: 38.57%
• 6M: 41.40%
• 1Y: 71.53%
• 3Y*: 27.63%
• 5Y*: 23.30%
• 10Y*: 17.24%

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

SNX vs. AIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNX TD SYNNEX Corporation	81.92%	29.82%	10.55%	15.25%	-16.11%	41.48%	26.81%	61.74%	-39.71%	13.33%
AIR AAR Corp.	38.57%	35.10%	-1.79%	38.98%	15.04%	7.76%	-19.25%	21.74%	-4.31%	19.89%

Correlation

The correlation between SNX and AIR is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 26, 2003	0.41

Fundamentals

Market Cap SNX : $21.79B AIR : $4.36B
EPS SNX : $12.13 AIR : $4.63
PE Ratio SNX : 22.40 AIR : 24.80
PEG Ratio SNX : 1.72 AIR : 8.68
PS Ratio SNX : 0.34 AIR : 1.35
PB Ratio SNX : 2.48 AIR : 2.65
Total Revenue (TTM) SNX : $65.14B AIR : $3.13B
Gross Profit (TTM) SNX : $4.43B AIR : $595.50M
EBITDA (TTM) SNX : $1.91B AIR : $214.30M

Return for Risk

SNX vs. AIR — Risk / Return Rank

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

SNX

SNX Risk / Return Rank: 97
SNX Sharpe Ratio Rank: 98
SNX Sortino Ratio Rank: 98
SNX Omega Ratio Rank: 97
SNX Calmar Ratio Rank: 97
SNX Martin Ratio Rank: 96

AIR

AIR Risk / Return Rank: 85
AIR Sharpe Ratio Rank: 86
AIR Sortino Ratio Rank: 84
AIR Omega Ratio Rank: 81
AIR Calmar Ratio Rank: 87
AIR Martin Ratio Rank: 85

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.

SNX vs. AIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD SYNNEX Corporation (SNX) 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.

	SNX	AIR	Difference
Sharpe ratio: Return per unit of total volatility	4.09	1.78	+2.32
Sortino ratio: Return per unit of downside risk	5.02	2.53	+2.48
Omega ratio: Gain probability vs. loss probability	1.66	1.31	+0.36
Calmar ratio: Return relative to maximum drawdown	8.83	3.61	+5.22
Martin ratio: Return relative to average drawdown	21.86	8.54	+13.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNX vs. AIR - Sharpe Ratio Comparison

The current SNX Sharpe Ratio is 4.09, which is higher than the AIR Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SNX and AIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNX	AIR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.09	1.78	+2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.66	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.38	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.16	+0.34

Drawdowns

SNX vs. AIR - Drawdown Comparison

The maximum SNX drawdown since its inception was -67.27%, smaller than the maximum AIR drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for SNX and AIR.

Drawdown Indicators

	SNX	AIR	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-89.04%	+21.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.97%	-19.92%	+5.95%
Max Drawdown (3Y) Largest decline over 3 years	-33.78%	-35.72%	+1.94%
Max Drawdown (5Y) Largest decline over 5 years	-36.52%	-35.72%	-0.80%
Max Drawdown (10Y) Largest decline over 10 years	-55.94%	-81.77%	+25.83%
Current Drawdown Current decline from peak	-2.70%	-8.95%	+6.25%
Average Drawdown Average peak-to-trough decline	-15.36%	-34.70%	+19.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	8.40%	-2.77%

Volatility

SNX vs. AIR - Volatility Comparison

The current volatility for TD SYNNEX Corporation (SNX) is 10.25%, while AAR Corp. (AIR) has a volatility of 12.70%. This indicates that SNX experiences smaller price fluctuations and is considered to be less risky than AIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNX	AIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.25%	12.70%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	23.72%	31.17%	-7.45%
Volatility (1Y) Calculated over the trailing 1-year period	30.18%	40.51%	-10.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	35.32%	-5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.54%	45.27%	-10.73%

Dividends

SNX vs. AIR - Dividend Comparison

SNX's dividend yield for the trailing twelve months is around 0.68%, while AIR has not 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%
SNX TD SYNNEX Corporation	0.68%	1.17%	1.36%	1.30%	1.27%	0.70%	0.25%	1.16%	1.73%	0.77%	0.70%	0.64%

Financials

SNX vs. AIR - Profitability Comparison

The chart below illustrates the profitability comparison between TD SYNNEX Corporation and AAR Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SNX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TD SYNNEX Corporation reported a gross profit of 1.25B and revenue of 17.16B. Therefore, the gross margin over that period was 7.3%.

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%.

SNX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TD SYNNEX Corporation reported an operating income of 489.36M and revenue of 17.16B, resulting in an operating margin of 2.9%.

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%.

SNX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TD SYNNEX Corporation reported a net income of 326.92M and revenue of 17.16B, resulting in a net margin of 1.9%.

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

Can I hold both SNX and AIR in my portfolio?

SNX and AIR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNX or AIR?

AIR has higher volatility (12.70%) compared to SNX (10.25%). In terms of maximum drawdown, SNX dropped -67.27% vs AIR's -89.04%.

Which has better risk-adjusted returns?

SNX currently has the higher Sharpe Ratio (4.09 vs 1.78), 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.