ALK vs. ALGT
ALK (Alaska Air Group, Inc.) and ALGT (Allegiant Travel Company) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, ALK returned -0.76%/yr vs -2.16%/yr for ALGT. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ALK vs. ALGT - Performance Comparison
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Returns By Period
In the year-to-date period, ALK achieves a -2.98% return, which is significantly lower than ALGT's 19.83% return. Over the past 10 years, ALK has outperformed ALGT with an annualized return of -0.76%, while ALGT has yielded a comparatively lower -2.16% annualized return.
ALK
- 1D
- -0.93%
- 1M
- 18.05%
- YTD
- -2.98%
- 6M
- -8.75%
- 1Y
- 3.87%
- 3Y*
- -0.31%
- 5Y*
- -5.21%
- 10Y*
- -0.76%
ALGT
- 1D
- 1.41%
- 1M
- 27.23%
- YTD
- 19.83%
- 6M
- 19.63%
- 1Y
- 103.46%
- 3Y*
- -3.90%
- 5Y*
- -11.80%
- 10Y*
- -2.16%
ALK vs. ALGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALK Alaska Air Group, Inc. | -2.98% | -22.32% | 65.73% | -9.01% | -17.58% | 0.19% | -22.81% | 13.78% | -15.55% | -15.90% |
ALGT Allegiant Travel Company | 19.83% | -9.40% | 16.03% | 23.44% | -63.65% | -1.16% | 9.32% | 76.98% | -33.95% | -5.16% |
Correlation
The correlation between ALK and ALGT is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2006 | 0.57 |
The correlation between ALK and ALGT shifts across timeframes, from 0.57 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ALK:
$5.58B
ALGT:
$1.86B
ALK:
$0.61
ALGT:
-$1.89
ALK:
0.40
ALGT:
0.70
ALK:
1.49
ALGT:
1.70K
ALK:
$14.40B
ALGT:
$2.64B
ALK:
$11.07B
ALGT:
$815.04M
ALK:
$1.02B
ALGT:
$340.03M
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Return for Risk
ALK vs. ALGT — Risk / Return Rank
ALK
ALGT
ALK vs. ALGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alaska Air Group, Inc. (ALK) and Allegiant Travel Company (ALGT). 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.
| ALK | ALGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.66 | -2.58 |
| Martin ratioReturn relative to average drawdown | 0.15 | 6.16 | -6.01 |
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Drawdowns
ALK vs. ALGT - Drawdown Comparison
The maximum ALK drawdown since its inception was -75.76%, smaller than the maximum ALGT drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for ALK and ALGT.
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Drawdown Indicators
| ALK | ALGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.76% | -86.01% | +10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -46.46% | -39.13% | -7.33% |
Max Drawdown (3Y)Largest decline over 3 years | -55.37% | -70.95% | +15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -55.37% | -81.93% | +26.56% |
Max Drawdown (10Y)Largest decline over 10 years | -75.06% | -86.01% | +10.95% |
Current DrawdownCurrent decline from peak | -48.34% | -60.67% | +12.33% |
Average DrawdownAverage peak-to-trough decline | -27.86% | -31.73% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.80% | 16.85% | +8.95% |
Volatility
ALK vs. ALGT - Volatility Comparison
Alaska Air Group, Inc. (ALK) and Allegiant Travel Company (ALGT) have volatilities of 19.15% and 19.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALK | ALGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.15% | 19.14% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 41.37% | 45.19% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.76% | 65.42% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.87% | 55.02% | -12.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.62% | 51.48% | -7.86% |
Dividends
ALK vs. ALGT - Dividend Comparison
Neither ALK nor ALGT 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% |
ALK Alaska Air Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.72% | 2.07% | 2.10% | 1.63% | 1.24% | 0.99% |
Financials
ALK vs. ALGT - Financials Comparison
This section allows you to compare key financial metrics between Alaska Air Group, Inc. and Allegiant Travel Company. 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
ALK vs. ALGT - Profitability Comparison
ALK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alaska Air Group, Inc. reported a gross profit of 3.09B and revenue of 3.30B. Therefore, the gross margin over that period was 93.6%.
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%.
ALK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alaska Air Group, Inc. reported an operating income of -279.00M and revenue of 3.30B, resulting in an operating margin of -8.5%.
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%.
ALK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alaska Air Group, Inc. reported a net income of -193.00M and revenue of 3.30B, resulting in a net margin of -5.9%.
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%.
Frequently Asked Questions
ALK and ALGT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALK has higher volatility (19.15%) compared to ALGT (19.14%). In terms of maximum drawdown, ALK dropped -75.76% vs ALGT's -86.01%.
ALGT currently has the higher Sharpe Ratio (1.59 vs 0.08), 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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