JBLU vs. ALK
JBLU (JetBlue Airways Corporation) and ALK (Alaska Air Group, Inc.) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, JBLU returned -12.50%/yr vs -3.82%/yr for ALK. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
JBLU vs. ALK - Performance Comparison
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Returns By Period
In the year-to-date period, JBLU achieves a 4.62% return, which is significantly higher than ALK's -16.02% return. Over the past 10 years, JBLU has underperformed ALK with an annualized return of -12.50%, while ALK has yielded a comparatively higher -3.82% annualized return.
JBLU
- 1D
- -1.86%
- 1M
- -6.85%
- YTD
- 4.62%
- 6M
- -3.84%
- 1Y
- -4.99%
- 3Y*
- -13.95%
- 5Y*
- -24.05%
- 10Y*
- -12.50%
ALK
- 1D
- -1.35%
- 1M
- 3.43%
- YTD
- -16.02%
- 6M
- -14.13%
- 1Y
- -19.54%
- 3Y*
- -4.60%
- 5Y*
- -8.43%
- 10Y*
- -3.82%
JBLU vs. ALK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JBLU JetBlue Airways Corporation | 4.62% | -42.11% | 41.62% | -14.35% | -54.49% | -2.06% | -22.33% | 16.56% | -28.11% | -0.36% |
ALK Alaska Air Group, Inc. | -16.02% | -22.32% | 65.73% | -9.01% | -17.58% | 0.19% | -22.81% | 13.78% | -15.55% | -15.90% |
Correlation
The correlation between JBLU and ALK is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2002 | 0.64 |
The correlation between JBLU and ALK shifts across timeframes, from 0.56 (3 years) to 0.68 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
JBLU:
-$2.61
ALK:
$0.61
JBLU:
0.14
ALK:
0.35
JBLU:
$9.16B
ALK:
$14.40B
JBLU:
$3.64B
ALK:
$11.07B
JBLU:
$151.00M
ALK:
$1.02B
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Return for Risk
JBLU vs. ALK — Risk / Return Rank
JBLU
ALK
JBLU vs. ALK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JetBlue Airways Corporation (JBLU) and Alaska Air Group, Inc. (ALK). 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.
| JBLU | ALK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.97 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.42 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.28 | -0.77 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JBLU | ALK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -0.39 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.20 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | -0.09 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.17 | -0.25 |
Drawdowns
JBLU vs. ALK - Drawdown Comparison
The maximum JBLU drawdown since its inception was -90.91%, which is greater than ALK's maximum drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for JBLU and ALK.
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Drawdown Indicators
| JBLU | ALK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.91% | -75.76% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -37.62% | -46.46% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -63.29% | -55.37% | -7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -81.64% | -55.37% | -26.27% |
Max Drawdown (10Y)Largest decline over 10 years | -85.58% | -75.06% | -10.52% |
Current DrawdownCurrent decline from peak | -84.76% | -55.29% | -29.47% |
Average DrawdownAverage peak-to-trough decline | -60.43% | -27.83% | -32.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.83% | 25.39% | -7.56% |
Volatility
JBLU vs. ALK - Volatility Comparison
JetBlue Airways Corporation (JBLU) has a higher volatility of 17.63% compared to Alaska Air Group, Inc. (ALK) at 16.07%. This indicates that JBLU's price experiences larger fluctuations and is considered to be riskier than ALK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBLU | ALK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.63% | 16.07% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 48.30% | 38.85% | +9.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.61% | 49.77% | +10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.02% | 42.26% | +17.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.37% | 43.34% | +11.03% |
Dividends
JBLU vs. ALK - Dividend Comparison
Neither JBLU nor ALK 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% |
JBLU JetBlue Airways Corporation | 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
JBLU vs. ALK - Financials Comparison
This section allows you to compare key financial metrics between JetBlue Airways Corporation and Alaska Air Group, Inc.. 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
JBLU vs. ALK - Profitability Comparison
JBLU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported a gross profit of 966.00M and revenue of 2.24B. Therefore, the gross margin over that period was 43.1%.
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%.
JBLU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported an operating income of -224.00M and revenue of 2.24B, resulting in an operating margin of -10.0%.
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%.
JBLU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JetBlue Airways Corporation reported a net income of -319.00M and revenue of 2.24B, resulting in a net margin of -14.2%.
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%.
Frequently Asked Questions
JBLU and ALK have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBLU has higher volatility (17.63%) compared to ALK (16.07%). In terms of maximum drawdown, JBLU dropped -90.91% vs ALK's -75.76%.
JBLU currently has the higher Sharpe Ratio (-0.08 vs -0.39), 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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