SPXC vs. AAON
SPXC (SPX Corporation) and AAON (AAON, Inc.) are both stocks. Both are in the Industrials sector — SPXC in Specialty Industrial Machinery, AAON in Building Products & Equipment. Over the past 10 years, SPXC returned 30.96%/yr vs 22.73%/yr for AAON. At a 0.33 correlation, their price movements are largely independent.
Performance
SPXC vs. AAON - Performance Comparison
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Returns By Period
In the year-to-date period, SPXC achieves a 14.94% return, which is significantly lower than AAON's 73.52% return. Over the past 10 years, SPXC has outperformed AAON with an annualized return of 30.96%, while AAON has yielded a comparatively lower 22.73% annualized return.
SPXC
- 1D
- 0.94%
- 1M
- 13.37%
- YTD
- 14.94%
- 6M
- 11.54%
- 1Y
- 45.81%
- 3Y*
- 39.57%
- 5Y*
- 30.08%
- 10Y*
- 30.96%
AAON
- 1D
- -0.43%
- 1M
- -5.38%
- YTD
- 73.52%
- 6M
- 59.35%
- 1Y
- 37.17%
- 3Y*
- 28.06%
- 5Y*
- 25.74%
- 10Y*
- 22.73%
SPXC vs. AAON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 14.94% | 37.48% | 44.06% | 53.86% | 10.00% | 9.42% | 7.19% | 81.65% | -10.77% | 32.34% |
AAON AAON, Inc. | 73.52% | -34.91% | 59.88% | 47.86% | -4.55% | 19.84% | 35.71% | 41.88% | -3.59% | 11.84% |
Correlation
The correlation between SPXC and AAON is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1992 | 0.33 |
The correlation between SPXC and AAON shifts across timeframes, from 0.33 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPXC:
$11.62B
AAON:
$10.98B
SPXC:
$5.19
AAON:
$1.42
SPXC:
44.32
AAON:
92.85
SPXC:
0.01
AAON:
3.71
SPXC:
4.78
AAON:
6.78
SPXC:
5.08
AAON:
11.76
SPXC:
$2.35B
AAON:
$1.62B
SPXC:
$909.30M
AAON:
$424.33M
SPXC:
$475.30M
AAON:
$228.54M
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Return for Risk
SPXC vs. AAON — Risk / Return Rank
SPXC
AAON
SPXC vs. AAON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and AAON, Inc. (AAON). 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.
| SPXC | AAON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.21 | +0.77 |
| Martin ratioReturn relative to average drawdown | 5.09 | 2.48 | +2.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXC | AAON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.59 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.57 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.57 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.52 | -0.18 |
Drawdowns
SPXC vs. AAON - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, which is greater than AAON's maximum drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for SPXC and AAON.
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Drawdown Indicators
| SPXC | AAON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.12% | -76.03% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -30.75% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -33.54% | -48.86% | +15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -48.86% | +10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -48.86% | -1.40% |
Current DrawdownCurrent decline from peak | -5.39% | -10.87% | +5.48% |
Average DrawdownAverage peak-to-trough decline | -29.02% | -19.26% | -9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 15.78% | -6.75% |
Volatility
SPXC vs. AAON - Volatility Comparison
The current volatility for SPX Corporation (SPXC) is 10.68%, while AAON, Inc. (AAON) has a volatility of 16.69%. This indicates that SPXC experiences smaller price fluctuations and is considered to be less risky than AAON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXC | AAON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 16.69% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 45.22% | -17.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.54% | 63.60% | -27.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.14% | 45.60% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 40.37% | -2.91% |
Dividends
SPXC vs. AAON - Dividend Comparison
SPXC has not paid dividends to shareholders, while AAON's dividend yield for the trailing twelve months is around 0.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAON AAON, Inc. | 0.30% | 0.52% | 0.27% | 0.43% | 0.57% | 0.48% | 0.57% | 0.65% | 0.91% | 0.71% | 0.73% | 0.95% |
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 386.22% |
Financials
SPXC vs. AAON - Financials Comparison
This section allows you to compare key financial metrics between SPX Corporation and AAON, 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
SPXC vs. AAON - Profitability Comparison
SPXC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a gross profit of 230.60M and revenue of 566.80M. Therefore, the gross margin over that period was 40.7%.
AAON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported a gross profit of 124.97M and revenue of 496.94M. Therefore, the gross margin over that period was 25.2%.
SPXC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported an operating income of 87.70M and revenue of 566.80M, resulting in an operating margin of 15.5%.
AAON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported an operating income of 57.06M and revenue of 496.94M, resulting in an operating margin of 11.5%.
SPXC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPX Corporation reported a net income of 59.90M and revenue of 566.80M, resulting in a net margin of 10.6%.
AAON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AAON, Inc. reported a net income of 39.82M and revenue of 496.94M, resulting in a net margin of 8.0%.
Frequently Asked Questions
SPXC and AAON have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAON has higher volatility (16.69%) compared to SPXC (10.68%). In terms of maximum drawdown, SPXC dropped -81.12% vs AAON's -76.03%.
SPXC currently has the higher Sharpe Ratio (1.26 vs 0.59), 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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