AAON vs STRL: Correlation
AAON, Inc. (AAON) and Sterling Infrastructure, Inc. (STRL) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAON and STRL?
On 3 years of weekly data the AAON/STRL correlation comes out at 0.63, strong. The past 12 months show a tighter link (0.81) than the 3-year average (0.63). The 5-year figure is 0.56, and annualized covariance runs at 2308.9 %².
In AAON's tracked universe of 11 assets, STRL sits right near the top at #2. The last year tells two different stories: STRL led by 82.4 percentage points, -7.4% for AAON against +75.0% for STRL.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AAON vs STRL: side by side
| AAON (AAON, Inc.) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | +75.0% |
| 5-year return | +73.5% | +2095.9% |
| Volatility (ann.) | 54.9% | 66.9% |
| Beta vs S&P 500 | 1.58 | 2.13 |
| Max drawdown (3Y) | -48.9% | -51.1% |
| Market cap | $6.4B | $15.5B |
| P/E (trailing) | 42.0 | 36.5 |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAON | STRL |
|---|---|---|
| 2022 | -4.6% | +24.7% |
| 2023 | +47.9% | +168.1% |
| 2024 | +59.9% | +91.6% |
| 2025 | -34.9% | +81.8% |
| 2026 | +2.7% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAON and STRL good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AAON and STRL?
As of 2026-08-27, the correlation of weekly returns between AAON and STRL is 0.63 over 3 years, 0.81 over 1 year and 0.56 over 5 years.
Is STRL a good diversifier for AAON?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aaon-vs-strl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aaon-vs-strl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAON correlations · STRL correlations
