MRNA vs. ALGT

Last updated Jun 13, 2026

MRNA (Moderna, Inc.) and ALGT (Allegiant Travel Company) are both stocks. MRNA operates in Biotechnology (Healthcare), while ALGT operates in Airlines (Industrials). Over the past 5 years, MRNA returned -25.59%/yr vs -14.80%/yr for ALGT. At a 0.18 correlation, their price movements are largely independent.

Performance

MRNA vs. ALGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Moderna, Inc. (MRNA) and Allegiant Travel Company (ALGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRNA achieves a 69.24% return, which is significantly higher than ALGT's 7.41% return.

MRNA

• 1D: 0.54%
• 1M: 1.77%
• YTD: 69.24%
• 6M: 69.42%
• 1Y: 87.14%
• 3Y*: -26.94%
• 5Y*: -25.59%
• 10Y*: —

ALGT

• 1D: 6.45%
• 1M: 22.28%
• YTD: 7.41%
• 6M: 6.67%
• 1Y: 79.41%
• 3Y*: -5.92%
• 5Y*: -14.80%
• 10Y*: -3.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MRNA vs. ALGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MRNA Moderna, Inc.	69.24%	-29.08%	-58.19%	-44.63%	-29.28%	143.11%	434.10%	28.09%	-30.59%
ALGT Allegiant Travel Company	7.41%	-9.40%	16.03%	23.44%	-63.65%	-1.16%	9.32%	76.98%	-25.83%

Correlation

The correlation between MRNA and ALGT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018	0.18

The correlation between MRNA and ALGT shifts across timeframes, from 0.18 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MRNA : $19.71B ALGT : $1.67B
EPS MRNA : -$8.16 ALGT : -$1.89
PS Ratio MRNA : 8.78 ALGT : 0.63
PB Ratio MRNA : 2.66 ALGT : 1.52K
Total Revenue (TTM) MRNA : $2.23B ALGT : $2.64B
Gross Profit (TTM) MRNA : -$309.00M ALGT : $815.04M
EBITDA (TTM) MRNA : -$3.02B ALGT : $340.03M

Return for Risk

MRNA vs. ALGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MRNA

MRNA Risk / Return Rank: 78
MRNA Sharpe Ratio Rank: 80
MRNA Sortino Ratio Rank: 79
MRNA Omega Ratio Rank: 75
MRNA Calmar Ratio Rank: 79
MRNA Martin Ratio Rank: 76

ALGT

ALGT Risk / Return Rank: 74
ALGT Sharpe Ratio Rank: 75
ALGT Sortino Ratio Rank: 77
ALGT Omega Ratio Rank: 71
ALGT Calmar Ratio Rank: 74
ALGT Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MRNA vs. ALGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Moderna, Inc. (MRNA) and Allegiant Travel Company (ALGT). 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.

	MRNA	ALGT	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.08	+0.20
Sortino ratio: Return per unit of downside risk	2.13	1.99	+0.13
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.02
Calmar ratio: Return relative to maximum drawdown	2.34	1.81	+0.52
Martin ratio: Return relative to average drawdown	4.59	4.23	+0.35

MRNA vs. ALGT - Sharpe Ratio Comparison

The current MRNA Sharpe Ratio is 1.28, which is comparable to the ALGT Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of MRNA and ALGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRNA vs. ALGT - Drawdown Comparison

The maximum MRNA drawdown since its inception was -95.38%, which is greater than ALGT's maximum drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for MRNA and ALGT.

Drawdown Indicators

	MRNA	ALGT	Difference
Max Drawdown Largest peak-to-trough decline	-95.38%	-86.01%	-9.37%
Max Drawdown (1Y) Largest decline over 1 year	-35.51%	-39.13%	+3.62%
Max Drawdown (3Y) Largest decline over 3 years	-86.58%	-70.95%	-15.63%
Max Drawdown (5Y) Largest decline over 5 years	-95.38%	-81.93%	-13.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.01%	—
Current Drawdown Current decline from peak	-89.70%	-64.75%	-24.95%
Average Drawdown Average peak-to-trough decline	-57.06%	-31.70%	-25.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.06%	16.74%	+1.32%

Volatility

MRNA vs. ALGT - Volatility Comparison

The current volatility for Moderna, Inc. (MRNA) is 17.56%, while Allegiant Travel Company (ALGT) has a volatility of 24.27%. This indicates that MRNA experiences smaller price fluctuations and is considered to be less risky than ALGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRNA	ALGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.56%	24.27%	-6.71%
Volatility (6M) Calculated over the trailing 6-month period	48.82%	44.93%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	64.75%	65.71%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.49%	54.96%	+11.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.15%	51.42%	+20.73%

Dividends

MRNA vs. ALGT - Dividend Comparison

Neither MRNA nor ALGT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALGT Allegiant Travel Company	0.00%	0.00%	1.27%	1.45%	0.00%	0.00%	0.37%	1.61%	2.79%	1.81%	1.44%	1.64%
MRNA Moderna, Inc.	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

Frequently Asked Questions

Can I hold both MRNA and ALGT in my portfolio?

MRNA and ALGT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRNA or ALGT?

ALGT has higher volatility (24.27%) compared to MRNA (17.56%). In terms of maximum drawdown, MRNA dropped -95.38% vs ALGT's -86.01%.

Which has better risk-adjusted returns?

MRNA currently has the higher Sharpe Ratio (1.28 vs 1.08), 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.