ALK vs. RCL
ALK (Alaska Air Group, Inc.) and RCL (Royal Caribbean Cruises Ltd.) are both stocks. ALK operates in Airlines (Industrials), while RCL operates in Travel Services (Consumer Cyclical). Over the past 10 years, ALK returned -1.90%/yr vs 16.48%/yr for RCL. At a 0.47 correlation, their price movements are largely independent.
Performance
ALK vs. RCL - Performance Comparison
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Returns By Period
In the year-to-date period, ALK achieves a -5.92% return, which is significantly lower than RCL's 6.66% return. Over the past 10 years, ALK has underperformed RCL with an annualized return of -1.90%, while RCL has yielded a comparatively higher 16.48% annualized return.
ALK
- 1D
- 1.41%
- 1M
- 28.10%
- YTD
- -5.92%
- 6M
- -7.94%
- 1Y
- -0.29%
- 3Y*
- -2.35%
- 5Y*
- -6.29%
- 10Y*
- -1.90%
RCL
- 1D
- 2.23%
- 1M
- 13.68%
- YTD
- 6.66%
- 6M
- 7.04%
- 1Y
- 16.02%
- 3Y*
- 46.74%
- 5Y*
- 27.43%
- 10Y*
- 16.48%
ALK vs. RCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALK Alaska Air Group, Inc. | -5.92% | -22.32% | 65.73% | -9.01% | -17.58% | 0.19% | -22.81% | 13.78% | -15.55% | -15.90% |
RCL Royal Caribbean Cruises Ltd. | 6.66% | 22.46% | 78.98% | 161.97% | -35.72% | 2.96% | -43.50% | 39.94% | -16.13% | 48.22% |
Correlation
The correlation between ALK and RCL 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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.47 |
The correlation between ALK and RCL shifts across timeframes, from 0.47 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ALK:
$5.41B
RCL:
$79.78B
ALK:
$0.61
RCL:
$16.41
ALK:
77.14
RCL:
17.94
ALK:
1.47
RCL:
0.82
ALK:
0.39
RCL:
4.37
ALK:
1.45
RCL:
8.13
ALK:
$14.40B
RCL:
$18.39B
ALK:
$11.07B
RCL:
$8.68B
ALK:
$1.02B
RCL:
$7.13B
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Return for Risk
ALK vs. RCL — Risk / Return Rank
ALK
RCL
ALK vs. RCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alaska Air Group, Inc. (ALK) and Royal Caribbean Cruises Ltd. (RCL). 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 | RCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.09 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.39 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.18 | 0.66 | -0.85 |
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Drawdowns
ALK vs. RCL - Drawdown Comparison
The maximum ALK drawdown since its inception was -75.76%, smaller than the maximum RCL drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for ALK and RCL.
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Drawdown Indicators
| ALK | RCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.76% | -89.49% | +13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -46.46% | -32.36% | -14.10% |
Max Drawdown (3Y)Largest decline over 3 years | -55.37% | -35.02% | -20.35% |
Max Drawdown (5Y)Largest decline over 5 years | -55.37% | -67.64% | +12.27% |
Max Drawdown (10Y)Largest decline over 10 years | -75.06% | -83.30% | +8.24% |
Current DrawdownCurrent decline from peak | -49.91% | -18.16% | -31.75% |
Average DrawdownAverage peak-to-trough decline | -27.84% | -27.76% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.60% | 19.15% | +6.45% |
Volatility
ALK vs. RCL - Volatility Comparison
Alaska Air Group, Inc. (ALK) has a higher volatility of 21.54% compared to Royal Caribbean Cruises Ltd. (RCL) at 14.15%. This indicates that ALK's price experiences larger fluctuations and is considered to be riskier than RCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALK | RCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.54% | 14.15% | +7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 41.28% | 38.00% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.90% | 46.50% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.83% | 48.52% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.60% | 53.35% | -9.75% |
Dividends
ALK vs. RCL - Dividend Comparison
ALK has not paid dividends to shareholders, while RCL's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RCL Royal Caribbean Cruises Ltd. | 1.70% | 1.25% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% |
Financials
ALK vs. RCL - Financials Comparison
This section allows you to compare key financial metrics between Alaska Air Group, Inc. and Royal Caribbean Cruises 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
ALK vs. RCL - 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%.
RCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported a gross profit of 2.21B and revenue of 4.45B. Therefore, the gross margin over that period was 49.5%.
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%.
RCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported an operating income of 1.16B and revenue of 4.45B, resulting in an operating margin of 26.1%.
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%.
RCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Caribbean Cruises Ltd. reported a net income of 941.00M and revenue of 4.45B, resulting in a net margin of 21.1%.
Frequently Asked Questions
ALK and RCL 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.
ALK has higher volatility (21.54%) compared to RCL (14.15%). In terms of maximum drawdown, ALK dropped -75.76% vs RCL's -89.49%.
RCL currently has the higher Sharpe Ratio (0.27 vs -0.09), 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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