JBLU vs. ULCC
JBLU (JetBlue Airways Corporation) and ULCC (Frontier Group Holdings, Inc.) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 5 years, JBLU returned -16.43%/yr vs -14.46%/yr for ULCC. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
JBLU vs. ULCC - Performance Comparison
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Returns By Period
In the year-to-date period, JBLU achieves a 32.53% return, which is significantly lower than ULCC's 43.31% return.
JBLU
- 1D
- -0.66%
- 1M
- 0.17%
- 6M
- 23.82%
- YTD
- 32.53%
- 1Y
- 41.22%
- 3Y*
- -5.41%
- 5Y*
- -16.43%
- 10Y*
- -9.85%
- ALL TIME*
- -2.49%
ULCC
- 1D
- -3.30%
- 1M
- -10.95%
- 6M
- 45.47%
- YTD
- 43.31%
- 1Y
- 70.03%
- 3Y*
- -9.01%
- 5Y*
- -14.46%
- 10Y*
- —
- ALL TIME*
- -17.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $266.59M | $215.98M | $164.34M | |
| $27.68M | $28.23M | $28.77M |
JBLU vs. ULCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JBLU JetBlue Airways Corporation | 32.53% | -42.11% | 41.62% | -14.35% | -54.49% | -29.99% |
ULCC Frontier Group Holdings, Inc. | 43.31% | -33.76% | 30.22% | -46.84% | -24.32% | -27.08% |
Correlation
The correlation between JBLU and ULCC is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.65 |
The correlation between JBLU and ULCC has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
Fundamentals
JBLU:
$2.28B
ULCC:
$1.55B
JBLU:
-$3.22
ULCC:
-$2.24
JBLU:
0.17
ULCC:
0.28
JBLU:
$9.50B
ULCC:
$4.15B
JBLU:
$4.45B
ULCC:
$902.00M
JBLU:
-$18.00M
ULCC:
-$272.00M
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Return for Risk
JBLU vs. ULCC — Risk / Return Rank
JBLU
ULCC
JBLU vs. ULCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JetBlue Airways Corporation (JBLU) and Frontier Group Holdings, Inc. (ULCC). 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.
| JBLU | ULCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.04 | -0.08 |
| Martin ratioReturn relative to average drawdown | 2.00 | 2.19 | -0.19 |
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Drawdowns
JBLU vs. ULCC - Drawdown Comparison
The maximum JBLU drawdown since its inception was -90.91%, roughly equal to the maximum ULCC drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for JBLU and ULCC.
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Drawdown Indicators
| JBLU | ULCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.91% | -87.04% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -37.62% | -52.45% | +14.83% |
Max Drawdown (3Y)Largest decline over 3 years | -57.66% | -70.38% | +12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -79.00% | -83.72% | +4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -85.58% | — | — |
Current DrawdownCurrent decline from peak | -80.69% | -69.19% | -11.50% |
Average DrawdownAverage peak-to-trough decline | -60.56% | -60.55% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 24.86% | -6.92% |
Volatility
JBLU vs. ULCC - Volatility Comparison
The current volatility for JetBlue Airways Corporation (JBLU) is 20.02%, while Frontier Group Holdings, Inc. (ULCC) has a volatility of 22.57%. This indicates that JBLU experiences smaller price fluctuations and is considered to be less risky than ULCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBLU | ULCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.02% | 22.57% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 51.40% | 60.55% | -9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.39% | 85.41% | -22.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.90% | 70.72% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.86% | 69.29% | -14.43% |
Dividends
JBLU vs. ULCC - Dividend Comparison
Neither JBLU nor ULCC has paid dividends to shareholders.
Financials
JBLU vs. ULCC - Financials Comparison
This section allows you to compare key financial metrics between JetBlue Airways Corporation and Frontier Group Holdings, 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. ULCC - Profitability Comparison
JBLU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, JetBlue Airways Corporation reported a gross profit of 1.42B and revenue of 2.70B. Therefore, the gross margin over that period was 52.7%.
ULCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Frontier Group Holdings, Inc. reported a gross profit of 683.00M and revenue of 1.28B. Therefore, the gross margin over that period was 53.4%.
JBLU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, JetBlue Airways Corporation reported an operating income of -141.00M and revenue of 2.70B, resulting in an operating margin of -5.2%.
ULCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Frontier Group Holdings, Inc. reported an operating income of -97.00M and revenue of 1.28B, resulting in an operating margin of -7.6%.
JBLU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, JetBlue Airways Corporation reported a net income of -247.00M and revenue of 2.70B, resulting in a net margin of -9.2%.
ULCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Frontier Group Holdings, Inc. reported a net income of -90.00M and revenue of 1.28B, resulting in a net margin of -7.0%.
Frequently Asked Questions
JBLU and ULCC have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULCC has higher volatility (22.57%) compared to JBLU (20.02%). In terms of maximum drawdown, JBLU dropped -90.91% vs ULCC's -87.04%.
ULCC currently has the higher Sharpe Ratio (0.64 vs 0.57), 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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