JET2.L vs. IAG.L
JET2.L (Jet2 plc) and IAG.L (International Consolidated Airlines Group S.A) are both stocks. JET2.L operates in Travel Services (Consumer Cyclical), while IAG.L operates in Airlines (Industrials). Over the past 10 years, JET2.L returned 7.98%/yr vs 7.47%/yr for IAG.L. At a 0.27 correlation, their price movements are largely independent.
Performance
JET2.L vs. IAG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JET2.L achieves a -9.90% return, which is significantly lower than IAG.L's 1.69% return. Over the past 10 years, JET2.L has outperformed IAG.L with an annualized return of 7.98%, while IAG.L has yielded a comparatively lower 7.47% annualized return.
JET2.L
- 1D
- 2.02%
- 1M
- 12.99%
- YTD
- -9.90%
- 6M
- -6.02%
- 1Y
- -32.99%
- 3Y*
- 0.82%
- 5Y*
- 0.06%
- 10Y*
- 7.98%
IAG.L
- 1D
- 0.26%
- 1M
- 15.08%
- YTD
- 1.69%
- 6M
- 9.43%
- 1Y
- 28.99%
- 3Y*
- 40.77%
- 5Y*
- 17.44%
- 10Y*
- 7.47%
JET2.L vs. IAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JET2.L Jet2 plc | -9.90% | -10.29% | 27.71% | 31.67% | -13.78% | -22.03% | -15.58% | 121.89% | 14.57% | 38.92% |
IAG.L International Consolidated Airlines Group S.A | 1.69% | 40.88% | 97.53% | 25.16% | -13.08% | -10.84% | -56.33% | 21.33% | 0.70% | 55.74% |
Correlation
The correlation between JET2.L and IAG.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1989 | 0.27 |
Over the past year, JET2.L and IAG.L have become more correlated (0.63) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
JET2.L:
£2.59B
IAG.L:
£21.00B
JET2.L:
£4.63
IAG.L:
£0.98
JET2.L:
2.73
IAG.L:
4.29
JET2.L:
0.10
IAG.L:
0.04
JET2.L:
0.18
IAG.L:
0.48
JET2.L:
1.26
IAG.L:
2.76
JET2.L:
£14.36B
IAG.L:
£42.52B
JET2.L:
£1.99B
IAG.L:
£9.71B
JET2.L:
£1.75B
IAG.L:
£8.77B
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Return for Risk
JET2.L vs. IAG.L — Risk / Return Rank
JET2.L
IAG.L
JET2.L vs. IAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jet2 plc (JET2.L) and International Consolidated Airlines Group S.A (IAG.L). 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.
| JET2.L | IAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.17 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.15 | -1.87 |
| Martin ratioReturn relative to average drawdown | -1.09 | 3.02 | -4.11 |
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
| JET2.L | IAG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 0.80 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.45 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.16 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.15 | +0.23 |
Drawdowns
JET2.L vs. IAG.L - Drawdown Comparison
The maximum JET2.L drawdown since its inception was -91.80%, which is greater than IAG.L's maximum drawdown of -86.39%. Use the drawdown chart below to compare losses from any high point for JET2.L and IAG.L.
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Drawdown Indicators
| JET2.L | IAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -86.39% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -45.38% | -25.15% | -20.23% |
Max Drawdown (3Y)Largest decline over 3 years | -45.38% | -38.74% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -53.07% | -54.20% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -84.26% | -76.84% | -7.42% |
Current DrawdownCurrent decline from peak | -34.40% | -7.87% | -26.53% |
Average DrawdownAverage peak-to-trough decline | -27.01% | -37.80% | +10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.33% | 9.57% | +20.76% |
Volatility
JET2.L vs. IAG.L - Volatility Comparison
The current volatility for Jet2 plc (JET2.L) is 8.37%, while International Consolidated Airlines Group S.A (IAG.L) has a volatility of 13.52%. This indicates that JET2.L experiences smaller price fluctuations and is considered to be less risky than IAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JET2.L | IAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 13.52% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 28.19% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.44% | 35.96% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.27% | 39.04% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.68% | 45.30% | +9.38% |
Dividends
JET2.L vs. IAG.L - Dividend Comparison
JET2.L's dividend yield for the trailing twelve months is around 1.32%, less than IAG.L's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAG.L International Consolidated Airlines Group S.A | 2.22% | 2.25% | 0.86% | 0.00% | 0.00% | 0.00% | 10.64% | 13.78% | 6.12% | 5.01% | 6.21% | 2.14% |
JET2.L Jet2 plc | 1.32% | 1.18% | 0.68% | 0.96% | 0.31% | 0.00% | 0.00% | 0.61% | 1.14% | 1.00% | 0.62% | 0.66% |
Financials
JET2.L vs. IAG.L - Financials Comparison
This section allows you to compare key financial metrics between Jet2 plc and International Consolidated Airlines Group S.A. 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
JET2.L vs. IAG.L - Profitability Comparison
JET2.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jet2 plc reported a gross profit of 911.80M and revenue of 5.34B. Therefore, the gross margin over that period was 17.1%.
IAG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a gross profit of 4.15B and revenue of 17.28B. Therefore, the gross margin over that period was 24.0%.
JET2.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jet2 plc reported an operating income of 715.20M and revenue of 5.34B, resulting in an operating margin of 13.4%.
IAG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported an operating income of 3.09B and revenue of 17.28B, resulting in an operating margin of 17.9%.
JET2.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jet2 plc reported a net income of 600.20M and revenue of 5.34B, resulting in a net margin of 11.2%.
IAG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Consolidated Airlines Group S.A reported a net income of 2.04B and revenue of 17.28B, resulting in a net margin of 11.8%.
Frequently Asked Questions
JET2.L and IAG.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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