ALK vs. VOO
ALK (Alaska Air Group, Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ALK returned -2.40%/yr vs 15.14%/yr for VOO. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
ALK vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ALK achieves a -5.67% return, which is significantly lower than VOO's 10.16% return. Over the past 10 years, ALK has underperformed VOO with an annualized return of -2.40%, while VOO has yielded a comparatively higher 15.14% annualized return.
ALK
- 1D
- 0.44%
- 1M
- -7.12%
- 6M
- -6.65%
- YTD
- -5.67%
- 1Y
- -7.63%
- 3Y*
- -0.31%
- 5Y*
- -3.95%
- 10Y*
- -2.40%
- ALL TIME*
- 8.00%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $159.94M | $150.08M | $150.52M | |
| $3.82B | $3.78B | $5.44B |
ALK vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALK Alaska Air Group, Inc. | -5.67% | -22.32% | 65.73% | -9.01% | -17.58% | 0.19% | -22.81% | 13.78% | -15.55% | -15.90% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between ALK and VOO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.49 |
The correlation between ALK and VOO has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
ALK vs. VOO — Risk / Return Rank
ALK
VOO
ALK vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alaska Air Group, Inc. (ALK) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.21 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.39 | 9.44 | -9.82 |
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Drawdowns
ALK vs. VOO - Drawdown Comparison
The maximum ALK drawdown since its inception was -75.76%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ALK and VOO.
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Drawdown Indicators
| ALK | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.76% | -33.99% | -41.77% |
Max Drawdown (1Y)Largest decline over 1 year | -46.46% | -8.90% | -37.56% |
Max Drawdown (3Y)Largest decline over 3 years | -55.37% | -18.69% | -36.68% |
Max Drawdown (5Y)Largest decline over 5 years | -55.37% | -24.52% | -30.85% |
Max Drawdown (10Y)Largest decline over 10 years | -75.06% | -33.99% | -41.07% |
Current DrawdownCurrent decline from peak | -49.77% | -1.38% | -48.39% |
Average DrawdownAverage peak-to-trough decline | -27.95% | -3.67% | -24.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.03% | 2.08% | +24.95% |
Volatility
ALK vs. VOO - Volatility Comparison
Alaska Air Group, Inc. (ALK) has a higher volatility of 13.70% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that ALK's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALK | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.70% | 3.54% | +10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 42.20% | 10.10% | +32.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.02% | 12.82% | +39.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.06% | 16.93% | +26.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.77% | 18.01% | +25.76% |
Dividends
ALK vs. VOO - Dividend Comparison
ALK has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.07%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
ALK and VOO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALK has higher volatility (13.70%) compared to VOO (3.54%). In terms of maximum drawdown, ALK dropped -75.76% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.20), 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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