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ALGT vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ALGTSPY
YTD Return-35.93%17.92%
1Y Return-57.72%24.34%
3Y Return (Ann)-33.50%10.54%
5Y Return (Ann)-17.69%15.24%
10Y Return (Ann)-6.74%12.93%
Sharpe Ratio-1.312.25
Daily Std Dev42.78%11.21%
Max Drawdown-82.65%-55.19%
Current Drawdown-80.00%-1.40%

Correlation

-0.50.00.51.00.4

The correlation between ALGT and SPY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

ALGT vs. SPY - Performance Comparison

In the year-to-date period, ALGT achieves a -35.93% return, which is significantly lower than SPY's 17.92% return. Over the past 10 years, ALGT has underperformed SPY with an annualized return of -6.74%, while SPY has yielded a comparatively higher 12.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%200.00%300.00%400.00%500.00%FebruaryMarchAprilMayJuneJuly
155.61%
453.17%
ALGT
SPY

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Allegiant Travel Company

SPDR S&P 500 ETF

Risk-Adjusted Performance

ALGT vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Allegiant Travel Company (ALGT) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for ALGT, currently valued at -1.31, compared to the broader market-2.00-1.000.001.002.003.00-1.31
Sortino ratio
The chart of Sortino ratio for ALGT, currently valued at -2.23, compared to the broader market-4.00-2.000.002.004.00-2.23
Omega ratio
The chart of Omega ratio for ALGT, currently valued at 0.75, compared to the broader market0.501.001.502.000.75
Calmar ratio
The chart of Calmar ratio for ALGT, currently valued at -0.68, compared to the broader market0.002.004.006.00-0.68
Martin ratio
The chart of Martin ratio for ALGT, currently valued at -1.26, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.26
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.25, compared to the broader market-2.00-1.000.001.002.003.002.25
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.15, compared to the broader market-4.00-2.000.002.004.003.15
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.40, compared to the broader market0.501.001.502.001.40
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.17, compared to the broader market0.002.004.006.002.17
Martin ratio
The chart of Martin ratio for SPY, currently valued at 8.75, compared to the broader market-5.000.005.0010.0015.0020.0025.008.75

ALGT vs. SPY - Sharpe Ratio Comparison

The current ALGT Sharpe Ratio is -1.31, which is lower than the SPY Sharpe Ratio of 2.25. The chart below compares the 12-month rolling Sharpe Ratio of ALGT and SPY.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00FebruaryMarchAprilMayJuneJuly
-1.31
2.25
ALGT
SPY

Dividends

ALGT vs. SPY - Dividend Comparison

ALGT's dividend yield for the trailing twelve months is around 4.62%, more than SPY's 1.23% yield.


TTM20232022202120202019201820172016201520142013
ALGT
Allegiant Travel Company
4.62%1.45%0.00%0.00%0.37%1.61%2.79%1.81%1.44%1.63%1.66%2.13%
SPY
SPDR S&P 500 ETF
1.23%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

ALGT vs. SPY - Drawdown Comparison

The maximum ALGT drawdown since its inception was -82.65%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALGT and SPY. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%FebruaryMarchAprilMayJuneJuly
-80.00%
-1.40%
ALGT
SPY

Volatility

ALGT vs. SPY - Volatility Comparison

Allegiant Travel Company (ALGT) has a higher volatility of 14.56% compared to SPDR S&P 500 ETF (SPY) at 2.59%. This indicates that ALGT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%FebruaryMarchAprilMayJuneJuly
14.56%
2.59%
ALGT
SPY