ALGT vs. RIVN
ALGT (Allegiant Travel Company) and RIVN (Rivian Automotive, Inc.) are both stocks. ALGT operates in Airlines (Industrials), while RIVN operates in Auto Manufacturers (Consumer Cyclical). Over the past 3 years, ALGT returned -5.92%/yr vs 3.20%/yr for RIVN. At a 0.34 correlation, their price movements are largely independent.
Performance
ALGT vs. RIVN - Performance Comparison
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Returns By Period
In the year-to-date period, ALGT achieves a 7.41% return, which is significantly higher than RIVN's -14.97% 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%
RIVN
- 1D
- 7.85%
- 1M
- 21.54%
- YTD
- -14.97%
- 6M
- -9.01%
- 1Y
- 24.89%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
ALGT vs. RIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ALGT Allegiant Travel Company | 7.41% | -9.40% | 16.03% | 23.44% | -63.65% | -3.34% |
RIVN Rivian Automotive, Inc. | -14.97% | 48.20% | -43.31% | 27.29% | -82.23% | -2.87% |
Correlation
The correlation between ALGT and RIVN is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.34 |
Fundamentals
ALGT:
$1.67B
RIVN:
$20.93B
ALGT:
-$1.89
RIVN:
-$2.90
ALGT:
0.63
RIVN:
3.68
ALGT:
1.52K
RIVN:
4.73
ALGT:
$2.64B
RIVN:
$5.53B
ALGT:
$815.04M
RIVN:
$57.00M
ALGT:
$340.03M
RIVN:
-$3.18B
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Return for Risk
ALGT vs. RIVN — Risk / Return Rank
ALGT
RIVN
ALGT vs. RIVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegiant Travel Company (ALGT) and Rivian Automotive, Inc. (RIVN). 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 | RIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.48 | +1.33 |
| Martin ratioReturn relative to average drawdown | 4.23 | 0.95 | +3.28 |
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Drawdowns
ALGT vs. RIVN - Drawdown Comparison
The maximum ALGT drawdown since its inception was -86.01%, smaller than the maximum RIVN drawdown of -95.12%. Use the drawdown chart below to compare losses from any high point for ALGT and RIVN.
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Drawdown Indicators
| ALGT | RIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.01% | -95.12% | +9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -39.13% | -42.54% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -70.95% | -69.61% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -81.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.01% | — | — |
Current DrawdownCurrent decline from peak | -64.75% | -90.26% | +25.51% |
Average DrawdownAverage peak-to-trough decline | -31.70% | -86.33% | +54.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.74% | 21.62% | -4.88% |
Volatility
ALGT vs. RIVN - Volatility Comparison
Allegiant Travel Company (ALGT) has a higher volatility of 24.27% compared to Rivian Automotive, Inc. (RIVN) at 22.66%. This indicates that ALGT's price experiences larger fluctuations and is considered to be riskier than RIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGT | RIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.27% | 22.66% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 44.93% | 49.82% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.71% | 65.46% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.96% | 77.55% | -22.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.42% | 77.55% | -26.13% |
Dividends
ALGT vs. RIVN - Dividend Comparison
Neither ALGT nor RIVN 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% |
RIVN Rivian Automotive, 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
ALGT vs. RIVN - Financials Comparison
This section allows you to compare key financial metrics between Allegiant Travel Company and Rivian Automotive, 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. RIVN - 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%.
RIVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a gross profit of 119.00M and revenue of 1.38B. Therefore, the gross margin over that period was 8.6%.
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%.
RIVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported an operating income of -881.00M and revenue of 1.38B, resulting in an operating margin of -63.8%.
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%.
RIVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a net income of -416.00M and revenue of 1.38B, resulting in a net margin of -30.1%.
Frequently Asked Questions
ALGT and RIVN have a correlation of 0.32, 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 RIVN (22.66%). In terms of maximum drawdown, ALGT dropped -86.01% vs RIVN's -95.12%.
ALGT currently has the higher Sharpe Ratio (1.08 vs 0.31), 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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