ALGT vs. DOW
ALGT (Allegiant Travel Company) and DOW (Dow Inc.) are both stocks. ALGT operates in Airlines (Industrials), while DOW operates in Chemicals (Basic Materials). Over the past 5 years, ALGT returned -14.80%/yr vs -8.14%/yr for DOW. At a 0.36 correlation, their price movements are largely independent.
Performance
ALGT vs. DOW - Performance Comparison
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Returns By Period
In the year-to-date period, ALGT achieves a 7.41% return, which is significantly lower than DOW's 47.99% return.
ALGT
- 1D
- 6.45%
- 1M
- 22.28%
- YTD
- 7.41%
- 6M
- 6.67%
- 1Y
- 79.41%
- 3Y*
- -5.92%
- 5Y*
- -14.80%
- 10Y*
- -3.72%
DOW
- 1D
- 0.65%
- 1M
- -11.76%
- YTD
- 47.99%
- 6M
- 44.34%
- 1Y
- 19.13%
- 3Y*
- -8.82%
- 5Y*
- -8.14%
- 10Y*
- —
ALGT vs. DOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ALGT Allegiant Travel Company | 7.41% | -9.40% | 16.03% | 23.44% | -63.65% | -1.16% | 9.32% | 39.75% |
DOW Dow Inc. | 47.99% | -37.38% | -22.79% | 14.71% | -6.65% | 6.81% | 7.88% | 8.40% |
Correlation
The correlation between ALGT and DOW is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | 0.36 |
Over the past year, the correlation between ALGT and DOW has dropped to 0.08 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
ALGT:
$1.67B
DOW:
$24.41B
ALGT:
-$1.89
DOW:
-$3.86
ALGT:
0.63
DOW:
0.61
ALGT:
1.52K
DOW:
1.60
ALGT:
$2.64B
DOW:
$39.33B
ALGT:
$815.04M
DOW:
$2.42B
ALGT:
$340.03M
DOW:
$840.00M
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Return for Risk
ALGT vs. DOW — Risk / Return Rank
ALGT
DOW
ALGT vs. DOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegiant Travel Company (ALGT) and Dow Inc. (DOW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALGT | DOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.58 | +1.24 |
| Martin ratioReturn relative to average drawdown | 4.23 | 1.08 | +3.15 |
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Drawdowns
ALGT vs. DOW - Drawdown Comparison
The maximum ALGT drawdown since its inception was -86.01%, which is greater than DOW's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for ALGT and DOW.
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Drawdown Indicators
| ALGT | DOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.01% | -64.37% | -21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -39.13% | -31.73% | -7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -70.95% | -62.16% | -8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -81.93% | -64.37% | -17.56% |
Max Drawdown (10Y)Largest decline over 10 years | -86.01% | — | — |
Current DrawdownCurrent decline from peak | -64.75% | -39.19% | -25.56% |
Average DrawdownAverage peak-to-trough decline | -31.70% | -22.79% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.74% | 16.86% | -0.12% |
Volatility
ALGT vs. DOW - Volatility Comparison
Allegiant Travel Company (ALGT) has a higher volatility of 24.27% compared to Dow Inc. (DOW) at 8.55%. This indicates that ALGT's price experiences larger fluctuations and is considered to be riskier than DOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGT | DOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.27% | 8.55% | +15.72% |
Volatility (6M)Calculated over the trailing 6-month period | 44.93% | 32.80% | +12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.71% | 49.35% | +16.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.96% | 33.56% | +21.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.42% | 38.69% | +12.73% |
Dividends
ALGT vs. DOW - Dividend Comparison
ALGT has not paid dividends to shareholders, while DOW's dividend yield for the trailing twelve months is around 4.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGT Allegiant Travel Company | 0.00% | 0.00% | 1.27% | 1.45% | 0.00% | 0.00% | 0.37% | 1.61% | 2.79% | 1.81% | 1.44% | 1.64% |
DOW Dow Inc. | 4.14% | 8.98% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ALGT vs. DOW - Financials Comparison
This section allows you to compare key financial metrics between Allegiant Travel Company and Dow 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
ALGT vs. DOW - Profitability Comparison
ALGT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allegiant Travel Company reported a gross profit of 479.13M and revenue of 732.43M. Therefore, the gross margin over that period was 65.4%.
DOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported a gross profit of 640.00M and revenue of 9.79B. Therefore, the gross margin over that period was 6.5%.
ALGT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allegiant Travel Company reported an operating income of 81.10M and revenue of 732.43M, resulting in an operating margin of 11.1%.
DOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported an operating income of -31.00M and revenue of 9.79B, resulting in an operating margin of -0.3%.
ALGT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allegiant Travel Company reported a net income of 42.48M and revenue of 732.43M, resulting in a net margin of 5.8%.
DOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported a net income of -445.00M and revenue of 9.79B, resulting in a net margin of -4.5%.
Frequently Asked Questions
ALGT and DOW have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGT has higher volatility (24.27%) compared to DOW (8.55%). In terms of maximum drawdown, ALGT dropped -86.01% vs DOW's -64.37%.
ALGT currently has the higher Sharpe Ratio (1.08 vs 0.37), 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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