AIRYY vs. UAL
AIRYY (Air China Ltd ADR) and UAL (United Airlines Holdings, Inc.) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, AIRYY returned -0.06%/yr vs 9.03%/yr for UAL. At a 0.13 correlation, their price movements are largely independent.
Performance
AIRYY vs. UAL - Performance Comparison
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Returns By Period
In the year-to-date period, AIRYY achieves a -31.65% return, which is significantly lower than UAL's -5.97% return. Over the past 10 years, AIRYY has underperformed UAL with an annualized return of -0.06%, while UAL has yielded a comparatively higher 9.03% annualized return.
AIRYY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -31.65%
- 6M
- -26.86%
- 1Y
- -5.06%
- 3Y*
- -8.43%
- 5Y*
- -6.28%
- 10Y*
- -0.06%
UAL
- 1D
- -3.38%
- 1M
- 16.73%
- YTD
- -5.97%
- 6M
- -3.08%
- 1Y
- 29.67%
- 3Y*
- 29.42%
- 5Y*
- 13.05%
- 10Y*
- 9.03%
AIRYY vs. UAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIRYY Air China Ltd ADR | -31.65% | 39.73% | -1.35% | -27.17% | 28.38% | -9.84% | -24.69% | 22.28% | -29.18% | 95.57% |
UAL United Airlines Holdings, Inc. | -5.97% | 15.16% | 135.34% | 9.44% | -13.89% | 1.23% | -50.90% | 5.21% | 24.23% | -7.52% |
Correlation
The correlation between AIRYY and UAL is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.13 |
The correlation between AIRYY and UAL shifts across timeframes, from 0.00 (3 years) to 0.13 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AIRYY:
$10.46B
UAL:
$34.36B
AIRYY:
-$4.44
UAL:
$11.21
AIRYY:
0.06
UAL:
0.57
AIRYY:
0.24
UAL:
2.16
AIRYY:
$166.95B
UAL:
$60.47B
AIRYY:
$5.58B
UAL:
$38.71B
AIRYY:
$1.57B
UAL:
$7.99B
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Return for Risk
AIRYY vs. UAL — Risk / Return Rank
AIRYY
UAL
AIRYY vs. UAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Air China Ltd ADR (AIRYY) and United Airlines Holdings, Inc. (UAL). 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.
| AIRYY | UAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.08 | -1.22 |
| Martin ratioReturn relative to average drawdown | -0.29 | 2.54 | -2.83 |
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
| AIRYY | UAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.60 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.27 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | 0.18 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.10 | -0.11 |
Drawdowns
AIRYY vs. UAL - Drawdown Comparison
The maximum AIRYY drawdown since its inception was -88.18%, smaller than the maximum UAL drawdown of -93.50%. Use the drawdown chart below to compare losses from any high point for AIRYY and UAL.
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Drawdown Indicators
| AIRYY | UAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.18% | -93.50% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -36.71% | -27.50% | -9.21% |
Max Drawdown (3Y)Largest decline over 3 years | -51.89% | -49.19% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -59.94% | -49.19% | -10.75% |
Max Drawdown (10Y)Largest decline over 10 years | -74.71% | -79.40% | +4.69% |
Current DrawdownCurrent decline from peak | -60.85% | -10.54% | -50.31% |
Average DrawdownAverage peak-to-trough decline | -50.50% | -37.27% | -13.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.62% | 11.70% | +5.92% |
Volatility
AIRYY vs. UAL - Volatility Comparison
The current volatility for Air China Ltd ADR (AIRYY) is 0.00%, while United Airlines Holdings, Inc. (UAL) has a volatility of 17.09%. This indicates that AIRYY experiences smaller price fluctuations and is considered to be less risky than UAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIRYY | UAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 17.09% | -17.09% |
Volatility (6M)Calculated over the trailing 6-month period | 38.65% | 36.53% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.88% | 49.31% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.73% | 48.57% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.13% | 51.75% | -7.62% |
Dividends
AIRYY vs. UAL - Dividend Comparison
Neither AIRYY nor UAL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIRYY Air China Ltd ADR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.60% | 1.25% | 1.81% | 2.51% | 2.13% | 1.07% |
UAL United Airlines Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AIRYY vs. UAL - Financials Comparison
This section allows you to compare key financial metrics between Air China Ltd ADR and United Airlines Holdings, 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
AIRYY vs. UAL - Profitability Comparison
AIRYY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air China Ltd ADR reported a gross profit of 3.50B and revenue of 44.54B. Therefore, the gross margin over that period was 7.9%.
UAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, United Airlines Holdings, Inc. reported a gross profit of 9.11B and revenue of 14.61B. Therefore, the gross margin over that period was 62.4%.
AIRYY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air China Ltd ADR reported an operating income of 1.48B and revenue of 44.54B, resulting in an operating margin of 3.3%.
UAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, United Airlines Holdings, Inc. reported an operating income of 997.00M and revenue of 14.61B, resulting in an operating margin of 6.8%.
AIRYY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air China Ltd ADR reported a net income of 1.71B and revenue of 44.54B, resulting in a net margin of 3.9%.
UAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, United Airlines Holdings, Inc. reported a net income of 699.00M and revenue of 14.61B, resulting in a net margin of 4.8%.
Frequently Asked Questions
AIRYY and UAL have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UAL has higher volatility (17.09%) compared to AIRYY (0.00%). In terms of maximum drawdown, AIRYY dropped -88.18% vs UAL's -93.50%.
UAL currently has the higher Sharpe Ratio (0.60 vs -0.10), 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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