ALGT vs. NCLH
ALGT (Allegiant Travel Company) and NCLH (Norwegian Cruise Line Holdings Ltd.) are both stocks. ALGT operates in Airlines (Industrials), while NCLH operates in Travel Services (Consumer Cyclical). Over the past 10 years, ALGT returned -4.72%/yr vs -8.38%/yr for NCLH. At a 0.47 correlation, their price movements are largely independent.
Performance
ALGT vs. NCLH - Performance Comparison
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Returns By Period
In the year-to-date period, ALGT achieves a -3.47% return, which is significantly higher than NCLH's -16.89% return. Over the past 10 years, ALGT has outperformed NCLH with an annualized return of -4.72%, while NCLH has yielded a comparatively lower -8.38% annualized return.
ALGT
- 1D
- -2.15%
- 1M
- -0.87%
- YTD
- -3.47%
- 6M
- 0.09%
- 1Y
- 41.30%
- 3Y*
- -7.94%
- 5Y*
- -16.87%
- 10Y*
- -4.72%
NCLH
- 1D
- -1.07%
- 1M
- 8.61%
- YTD
- -16.89%
- 6M
- -2.93%
- 1Y
- -5.16%
- 3Y*
- 2.61%
- 5Y*
- -10.70%
- 10Y*
- -8.38%
ALGT vs. NCLH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALGT Allegiant Travel Company | -3.47% | -9.40% | 16.03% | 23.44% | -63.65% | -1.16% | 9.32% | 76.98% | -33.95% | -5.16% |
NCLH Norwegian Cruise Line Holdings Ltd. | -16.89% | -13.25% | 28.39% | 63.73% | -40.98% | -18.44% | -56.46% | 37.79% | -20.39% | 25.21% |
Correlation
The correlation between ALGT and NCLH is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2013 | 0.47 |
The correlation between ALGT and NCLH shifts across timeframes, from 0.47 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ALGT:
$1.50B
NCLH:
$8.65B
ALGT:
-$1.89
NCLH:
$1.22
ALGT:
0.56
NCLH:
0.86
ALGT:
1.37K
NCLH:
3.56
ALGT:
$2.64B
NCLH:
$10.03B
ALGT:
$815.04M
NCLH:
$4.32B
ALGT:
$340.03M
NCLH:
$2.38B
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Return for Risk
ALGT vs. NCLH — Risk / Return Rank
ALGT
NCLH
ALGT vs. NCLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegiant Travel Company (ALGT) and Norwegian Cruise Line Holdings Ltd. (NCLH). 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.
| ALGT | NCLH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.11 | +1.18 |
| Martin ratioReturn relative to average drawdown | 2.50 | -0.25 | +2.75 |
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
| ALGT | NCLH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | -0.10 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.19 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | -0.14 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.04 | +0.19 |
Drawdowns
ALGT vs. NCLH - Drawdown Comparison
The maximum ALGT drawdown since its inception was -86.01%, roughly equal to the maximum NCLH drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for ALGT and NCLH.
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Drawdown Indicators
| ALGT | NCLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.01% | -87.81% | +1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -39.13% | -45.10% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -70.95% | -49.12% | -21.83% |
Max Drawdown (5Y)Largest decline over 5 years | -82.17% | -68.05% | -14.12% |
Max Drawdown (10Y)Largest decline over 10 years | -86.01% | -87.25% | +1.24% |
Current DrawdownCurrent decline from peak | -68.32% | -70.91% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -31.68% | -39.96% | +8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.55% | 21.10% | -4.55% |
Volatility
ALGT vs. NCLH - Volatility Comparison
Allegiant Travel Company (ALGT) has a higher volatility of 21.43% compared to Norwegian Cruise Line Holdings Ltd. (NCLH) at 14.76%. This indicates that ALGT's price experiences larger fluctuations and is considered to be riskier than NCLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGT | NCLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 14.76% | +6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 43.09% | 42.58% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.83% | 52.92% | +11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.69% | 57.63% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.27% | 62.00% | -10.73% |
Dividends
ALGT vs. NCLH - Dividend Comparison
Neither ALGT nor NCLH has paid dividends to shareholders.
| 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% |
NCLH Norwegian Cruise Line Holdings Ltd. | 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
ALGT vs. NCLH - Financials Comparison
This section allows you to compare key financial metrics between Allegiant Travel Company and Norwegian Cruise Line Holdings Ltd.. 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. NCLH - 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%.
NCLH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Norwegian Cruise Line Holdings Ltd. reported a gross profit of 953.34M and revenue of 2.33B. Therefore, the gross margin over that period was 40.9%.
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%.
NCLH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Norwegian Cruise Line Holdings Ltd. reported an operating income of 232.94M and revenue of 2.33B, resulting in an operating margin of 10.0%.
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%.
NCLH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Norwegian Cruise Line Holdings Ltd. reported a net income of 104.67M and revenue of 2.33B, resulting in a net margin of 4.5%.
Frequently Asked Questions
ALGT and NCLH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGT has higher volatility (21.43%) compared to NCLH (14.76%). In terms of maximum drawdown, ALGT dropped -86.01% vs NCLH's -87.81%.
ALGT currently has the higher Sharpe Ratio (0.64 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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