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AIR correlations (AAR Corp.)

AIR measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

37.3%

3y weekly

Beta vs S&P 500

1.06

3y weekly

1-year return

+79.2%

price, adjusted

5-year return

+302.1%

price, adjusted

Market cap

$5.5B

latest

P/E ratio

28.0

trailing

Max drawdown

-35.7%

3y, daily closes

AIR over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with AIR

Asset		Correlation (3Y)
MDY	SPDR S&P MidCap 400 ETF	0.54
XLI	Industrial Select Sector SPDR Fund	0.53
IWM	iShares Russell 2000 ETF	0.52
VSEC	VSE Corporation	0.52
JETS	US Global Jets ETF	0.52

These are the assets whose returns had the least to do with AIR's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.46
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.44
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.25

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/air.json

Correlations, diversifiers, beta and volatility for AIR, plus one endpoint per pair. API documentation.

ETF		AIR weight
EFA	iShares MSCI EAFE ETF	0.63%
IEFA	iShares Core MSCI EAFE ETF	0.54%
VEA	Vanguard FTSE Developed Markets ETF	0.43%
IWM	iShares Russell 2000 ETF	0.17%
ACWI	iShares MSCI ACWI ETF	0.14%
VT	Vanguard Total World Stock ETF	0.13%