RLX vs. SKYW
RLX (RLX Technology Inc.) and SKYW (SkyWest, Inc.) are both stocks. RLX operates in Tobacco (Consumer Defensive), while SKYW operates in Airlines (Industrials). Over the past 5 years, RLX returned -13.29%/yr vs 21.45%/yr for SKYW. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
RLX vs. SKYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RLX achieves a -9.52% return, which is significantly lower than SKYW's 6.53% return.
RLX
- 1D
- 2.02%
- 1M
- 4.66%
- 6M
- -12.55%
- YTD
- -9.52%
- 1Y
- -5.53%
- 3Y*
- 8.57%
- 5Y*
- -13.29%
- 10Y*
- —
- ALL TIME*
- -34.63%
SKYW
- 1D
- -1.19%
- 1M
- 10.41%
- 6M
- 10.83%
- YTD
- 6.53%
- 1Y
- -1.96%
- 3Y*
- 34.09%
- 5Y*
- 21.45%
- 10Y*
- 15.02%
- ALL TIME*
- 14.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.39M | $3.72M | $5.14M | |
SKYW SkyWest, Inc. | $58.64M | $46.79M | $40.30M |
RLX vs. SKYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RLX RLX Technology Inc. | -9.52% | 8.27% | 8.60% | -12.65% | -41.03% | -82.54% |
SKYW SkyWest, Inc. | 6.53% | 0.28% | 91.82% | 216.17% | -57.99% | -6.34% |
Correlation
The correlation between RLX and SKYW is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | 0.20 |
Fundamentals
RLX:
$2.47B
SKYW:
$4.24B
RLX:
CN¥0.76
SKYW:
$10.03
RLX:
17.85
SKYW:
10.67
RLX:
4.01
SKYW:
1.04
RLX:
CN¥4.35B
SKYW:
$4.19B
RLX:
CN¥1.44B
SKYW:
$2.14B
RLX:
CN¥513.06M
SKYW:
$897.37M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RLX vs. SKYW — Risk / Return Rank
RLX
SKYW
RLX vs. SKYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RLX Technology Inc. (RLX) and SkyWest, Inc. (SKYW). 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.
| RLX | SKYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.21 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.49 | -0.37 | -0.13 |
Loading charts...
Drawdowns
RLX vs. SKYW - Drawdown Comparison
The maximum RLX drawdown since its inception was -96.80%, which is greater than SKYW's maximum drawdown of -81.77%. Use the drawdown chart below to compare losses from any high point for RLX and SKYW.
Loading charts...
Drawdown Indicators
| RLX | SKYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.80% | -81.77% | -15.03% |
Max Drawdown (1Y)Largest decline over 1 year | -31.31% | -36.63% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -32.89% | -36.63% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -86.52% | -71.50% | -15.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.77% | — |
Current DrawdownCurrent decline from peak | -92.76% | -13.54% | -79.22% |
Average DrawdownAverage peak-to-trough decline | -88.78% | -35.37% | -53.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 21.14% | -5.72% |
Volatility
RLX vs. SKYW - Volatility Comparison
The current volatility for RLX Technology Inc. (RLX) is 8.27%, while SkyWest, Inc. (SKYW) has a volatility of 13.66%. This indicates that RLX experiences smaller price fluctuations and is considered to be less risky than SKYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RLX | SKYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 13.66% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.34% | 29.20% | -6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 37.97% | -6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.26% | 43.54% | +29.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.07% | 51.59% | +28.48% |
Dividends
RLX vs. SKYW - Dividend Comparison
RLX's dividend yield for the trailing twelve months is around 5.45%, while SKYW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLX RLX Technology Inc. | 5.45% | 0.43% | 0.46% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKYW SkyWest, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.35% | 0.74% | 0.90% | 0.60% | 0.52% | 0.84% |
Financials
RLX vs. SKYW - Financials Comparison
This section allows you to compare key financial metrics between RLX Technology Inc. and SkyWest, 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
RLX vs. SKYW - Profitability Comparison
RLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, RLX Technology Inc. reported a gross profit of 490.84M and revenue of 1.46B. Therefore, the gross margin over that period was 33.6%.
SKYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, SkyWest, Inc. reported a gross profit of 1.05B and revenue of 1.10B. Therefore, the gross margin over that period was 95.6%.
RLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, RLX Technology Inc. reported an operating income of 243.16M and revenue of 1.46B, resulting in an operating margin of 16.7%.
SKYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, SkyWest, Inc. reported an operating income of 155.83M and revenue of 1.10B, resulting in an operating margin of 14.1%.
RLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, RLX Technology Inc. reported a net income of 282.42M and revenue of 1.46B, resulting in a net margin of 19.3%.
SKYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, SkyWest, Inc. reported a net income of 100.70M and revenue of 1.10B, resulting in a net margin of 9.1%.
Frequently Asked Questions
RLX and SKYW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYW has higher volatility (13.66%) compared to RLX (8.27%). In terms of maximum drawdown, RLX dropped -96.80% vs SKYW's -81.77%.
SKYW currently has the higher Sharpe Ratio (-0.20 vs -0.24), 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.
Find the right allocation for RLX and SKYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer