ALK vs. VLRS
ALK (Alaska Air Group, Inc.) and VLRS (Controladora Vuela Compañía de Aviación, S.A.B. de C.V.) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, ALK returned -0.76%/yr vs -6.11%/yr for VLRS. At a 0.38 correlation, their price movements are largely independent.
Performance
ALK vs. VLRS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ALK achieves a -2.98% return, which is significantly lower than VLRS's 2.25% return. Over the past 10 years, ALK has outperformed VLRS with an annualized return of -0.76%, while VLRS has yielded a comparatively lower -6.11% 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%
VLRS
- 1D
- 1.23%
- 1M
- 32.36%
- YTD
- 2.25%
- 6M
- -3.30%
- 1Y
- 116.71%
- 3Y*
- -13.36%
- 5Y*
- -13.34%
- 10Y*
- -6.11%
ALK vs. VLRS - 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% |
VLRS Controladora Vuela Compañía de Aviación, S.A.B. de C.V. | 2.25% | 19.35% | -20.68% | 12.20% | -53.48% | 44.69% | 19.19% | 94.77% | -33.29% | -46.68% |
Correlation
The correlation between ALK and VLRS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2013 | 0.38 |
The correlation between ALK and VLRS shifts across timeframes, from 0.38 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ALK:
$5.58B
VLRS:
$1.04B
ALK:
$0.61
VLRS:
-$1.07
ALK:
0.40
VLRS:
0.34
ALK:
1.49
VLRS:
5.04
ALK:
$14.40B
VLRS:
$3.13B
ALK:
$11.07B
VLRS:
$363.00M
ALK:
$1.02B
VLRS:
$428.00M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ALK vs. VLRS — Risk / Return Rank
ALK
VLRS
ALK vs. VLRS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alaska Air Group, Inc. (ALK) and Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS). 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 | VLRS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.79 | -2.70 |
| Martin ratioReturn relative to average drawdown | 0.15 | 6.74 | -6.59 |
Loading charts...
Drawdowns
ALK vs. VLRS - Drawdown Comparison
The maximum ALK drawdown since its inception was -75.76%, smaller than the maximum VLRS drawdown of -85.92%. Use the drawdown chart below to compare losses from any high point for ALK and VLRS.
Loading charts...
Drawdown Indicators
| ALK | VLRS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.76% | -85.92% | +10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -46.46% | -42.14% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -55.37% | -74.75% | +19.38% |
Max Drawdown (5Y)Largest decline over 5 years | -55.37% | -84.28% | +28.91% |
Max Drawdown (10Y)Largest decline over 10 years | -75.06% | -84.77% | +9.71% |
Current DrawdownCurrent decline from peak | -48.34% | -60.25% | +11.91% |
Average DrawdownAverage peak-to-trough decline | -27.86% | -46.58% | +18.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.80% | 17.38% | +8.42% |
Volatility
ALK vs. VLRS - Volatility Comparison
Alaska Air Group, Inc. (ALK) has a higher volatility of 19.15% compared to Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) at 14.18%. This indicates that ALK's price experiences larger fluctuations and is considered to be riskier than VLRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ALK | VLRS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.15% | 14.18% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 41.37% | 41.71% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.76% | 54.84% | -3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.87% | 52.88% | -10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.62% | 53.12% | -9.50% |
Dividends
ALK vs. VLRS - Dividend Comparison
Neither ALK nor VLRS has paid dividends to shareholders.
| 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% |
VLRS Controladora Vuela Compañía de Aviación, S.A.B. de C.V. | 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
ALK vs. VLRS - Financials Comparison
This section allows you to compare key financial metrics between Alaska Air Group, Inc. and Controladora Vuela Compañía de Aviación, S.A.B. de C.V.. 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. VLRS - 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%.
VLRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. reported a gross profit of -2.00M and revenue of 770.00M. Therefore, the gross margin over that period was -0.3%.
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%.
VLRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. reported an operating income of -21.00M and revenue of 770.00M, resulting in an operating margin of -2.7%.
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%.
VLRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. reported a net income of -71.00M and revenue of 770.00M, resulting in a net margin of -9.2%.
Frequently Asked Questions
ALK and VLRS have a correlation of 0.47, 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 VLRS (14.18%). In terms of maximum drawdown, ALK dropped -75.76% vs VLRS's -85.92%.
VLRS currently has the higher Sharpe Ratio (2.14 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.
Find the right allocation for ALK and VLRS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer