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NYSE Arca Airline Index (^XAL)
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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NYSE Arca Airline Index

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in NYSE Arca Airline Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%200.00%400.00%600.00%800.00%1,000.00%December2024FebruaryMarchAprilMay
37.56%
1,049.77%
^XAL (NYSE Arca Airline Index)
Benchmark (^GSPC)

S&P 500

Returns By Period

NYSE Arca Airline Index had a return of -7.29% year-to-date (YTD) and 0.01% in the last 12 months. Over the past 10 years, NYSE Arca Airline Index had an annualized return of -2.66%, while the S&P 500 had an annualized return of 10.90%, indicating that NYSE Arca Airline Index did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-7.29%11.05%
1 month3.85%4.86%
6 months18.22%17.50%
1 year0.01%27.37%
5 years (annualized)-8.68%13.14%
10 years (annualized)-2.66%10.90%

Monthly Returns

The table below presents the monthly returns of ^XAL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-11.30%7.88%3.72%-9.87%-7.29%
202320.04%-4.56%-1.17%-0.23%6.27%24.69%-6.45%-16.37%-12.13%-13.58%18.06%22.15%28.24%
20220.64%-1.19%-1.04%-5.46%-4.68%-23.19%7.77%-1.50%-15.97%18.68%4.27%-14.19%-35.48%
2021-3.25%29.38%2.56%-1.40%2.33%-7.93%-6.13%-0.61%2.78%-10.47%-7.66%4.21%-1.46%
2020-2.84%-21.51%-46.01%11.05%-3.34%11.49%-6.94%17.20%-5.33%1.59%41.91%3.01%-24.45%
201913.57%0.07%-5.55%6.98%-8.30%7.17%1.41%-10.43%7.09%7.67%0.90%1.71%21.28%
20182.00%-0.31%-2.21%-5.53%-4.22%-6.01%8.50%0.81%-0.86%-9.12%11.86%-16.72%-22.35%
2017-2.29%1.55%0.23%1.64%0.98%1.51%-3.92%-4.37%1.88%-1.08%8.24%1.33%5.23%
2016-11.15%7.49%9.02%-2.02%-5.57%-2.29%7.57%0.89%1.77%5.75%9.51%5.93%27.52%
2015-2.58%-0.67%0.94%-1.36%-5.55%-0.86%-1.22%-9.92%3.43%5.77%-2.96%-2.03%-16.51%
20141.20%8.97%3.58%-0.79%7.44%0.11%-1.58%2.76%-6.21%11.55%9.44%5.83%49.36%
20139.20%2.24%13.95%-0.43%-0.66%-1.99%9.03%-9.21%12.85%9.56%5.70%-1.20%57.63%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ^XAL is 14, indicating that it is in the bottom 14% of indices on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of ^XAL is 1414
^XAL (NYSE Arca Airline Index)
The Sharpe Ratio Rank of ^XAL is 1313Sharpe Ratio Rank
The Sortino Ratio Rank of ^XAL is 1717Sortino Ratio Rank
The Omega Ratio Rank of ^XAL is 1616Omega Ratio Rank
The Calmar Ratio Rank of ^XAL is 1212Calmar Ratio Rank
The Martin Ratio Rank of ^XAL is 1212Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for NYSE Arca Airline Index (^XAL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


^XAL
Sharpe ratio
The chart of Sharpe ratio for ^XAL, currently valued at 0.18, compared to the broader market-1.000.001.002.003.000.18
Sortino ratio
The chart of Sortino ratio for ^XAL, currently valued at 0.51, compared to the broader market-1.000.001.002.003.004.000.51
Omega ratio
The chart of Omega ratio for ^XAL, currently valued at 1.06, compared to the broader market0.801.001.201.401.06
Calmar ratio
The chart of Calmar ratio for ^XAL, currently valued at 0.07, compared to the broader market0.001.002.003.004.005.000.07
Martin ratio
The chart of Martin ratio for ^XAL, currently valued at 0.26, compared to the broader market0.005.0010.0015.0020.000.26
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.49, compared to the broader market-1.000.001.002.003.002.49
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.52, compared to the broader market-1.000.001.002.003.004.003.52
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.801.001.201.401.43
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.03, compared to the broader market0.001.002.003.004.005.002.03
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.57, compared to the broader market0.005.0010.0015.0020.009.57

Sharpe Ratio

The current NYSE Arca Airline Index Sharpe ratio is 0.18. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of NYSE Arca Airline Index with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
0.18
2.49
^XAL (NYSE Arca Airline Index)
Benchmark (^GSPC)

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-80.00%-60.00%-40.00%-20.00%0.00%December2024FebruaryMarchAprilMay
-70.05%
-0.21%
^XAL (NYSE Arca Airline Index)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the NYSE Arca Airline Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the NYSE Arca Airline Index was 93.94%, occurring on Mar 9, 2009. The portfolio has not yet recovered.

The current NYSE Arca Airline Index drawdown is 70.05%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-93.94%Jul 15, 19982679Mar 9, 2009
-23.94%Apr 8, 1996130Oct 9, 1996134Apr 22, 1997264
-13.26%Mar 17, 199853Jun 1, 199824Jul 6, 199877
-10.15%Jul 28, 199513Aug 15, 199517Sep 8, 199530
-10.11%Oct 22, 19974Oct 27, 199724Dec 1, 199728

Volatility

Volatility Chart

The current NYSE Arca Airline Index volatility is 7.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2024FebruaryMarchAprilMay
7.55%
3.40%
^XAL (NYSE Arca Airline Index)
Benchmark (^GSPC)