RIVN vs. ALGT
RIVN (Rivian Automotive, Inc.) and ALGT (Allegiant Travel Company) are both stocks. RIVN operates in Auto Manufacturers (Consumer Cyclical), while ALGT operates in Airlines (Industrials). Over the past 3 years, RIVN returned 3.20%/yr vs -5.92%/yr for ALGT. At a 0.34 correlation, their price movements are largely independent.
Performance
RIVN vs. ALGT - Performance Comparison
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Returns By Period
In the year-to-date period, RIVN achieves a -14.97% return, which is significantly lower than ALGT's 7.41% return.
RIVN
- 1D
- 7.85%
- 1M
- 21.54%
- YTD
- -14.97%
- 6M
- -9.01%
- 1Y
- 24.89%
- 3Y*
- 3.20%
- 5Y*
- —
- 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%
RIVN vs. ALGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIVN Rivian Automotive, Inc. | -14.97% | 48.20% | -43.31% | 27.29% | -82.23% | -2.87% |
ALGT Allegiant Travel Company | 7.41% | -9.40% | 16.03% | 23.44% | -63.65% | -3.34% |
Correlation
The correlation between RIVN and ALGT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.34 |
Fundamentals
RIVN:
$20.93B
ALGT:
$1.67B
RIVN:
-$2.90
ALGT:
-$1.89
RIVN:
3.68
ALGT:
0.63
RIVN:
4.73
ALGT:
1.52K
RIVN:
$5.53B
ALGT:
$2.64B
RIVN:
$57.00M
ALGT:
$815.04M
RIVN:
-$3.18B
ALGT:
$340.03M
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Return for Risk
RIVN vs. ALGT — Risk / Return Rank
RIVN
ALGT
RIVN vs. ALGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) 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.
| RIVN | ALGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 1.81 | -1.33 |
| Martin ratioReturn relative to average drawdown | 0.95 | 4.23 | -3.28 |
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Drawdowns
RIVN vs. ALGT - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, which is greater than ALGT's maximum drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for RIVN and ALGT.
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Drawdown Indicators
| RIVN | ALGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.12% | -86.01% | -9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -39.13% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -69.61% | -70.95% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.01% | — |
Current DrawdownCurrent decline from peak | -90.26% | -64.75% | -25.51% |
Average DrawdownAverage peak-to-trough decline | -86.33% | -31.70% | -54.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.62% | 16.74% | +4.88% |
Volatility
RIVN vs. ALGT - Volatility Comparison
The current volatility for Rivian Automotive, Inc. (RIVN) is 22.66%, while Allegiant Travel Company (ALGT) has a volatility of 24.27%. This indicates that RIVN 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.
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Volatility by Period
| RIVN | ALGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.66% | 24.27% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 49.82% | 44.93% | +4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.46% | 65.71% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.55% | 54.96% | +22.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 51.42% | +26.13% |
Dividends
RIVN vs. ALGT - Dividend Comparison
Neither RIVN 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% |
RIVN Rivian Automotive, 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
RIVN vs. ALGT - Financials Comparison
This section allows you to compare key financial metrics between Rivian Automotive, Inc. and Allegiant Travel Company. 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
RIVN vs. ALGT - Profitability Comparison
RIVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a gross profit of 119.00M and revenue of 1.38B. Therefore, the gross margin over that period was 8.6%.
ALGT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allegiant Travel Company reported a gross profit of 479.13M and revenue of 732.43M. Therefore, the gross margin over that period was 65.4%.
RIVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported an operating income of -881.00M and revenue of 1.38B, resulting in an operating margin of -63.8%.
ALGT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allegiant Travel Company reported an operating income of 81.10M and revenue of 732.43M, resulting in an operating margin of 11.1%.
RIVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a net income of -416.00M and revenue of 1.38B, resulting in a net margin of -30.1%.
ALGT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allegiant Travel Company reported a net income of 42.48M and revenue of 732.43M, resulting in a net margin of 5.8%.
Frequently Asked Questions
RIVN and ALGT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGT has higher volatility (24.27%) compared to RIVN (22.66%). In terms of maximum drawdown, RIVN dropped -95.12% vs ALGT's -86.01%.
ALGT currently has the higher Sharpe Ratio (1.08 vs 0.31), 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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