RYAAY vs. DLAKY

Last updated Jun 10, 2026

RYAAY (Ryanair Holdings plc) and DLAKY (Deutsche Lufthansa AG ADR) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, RYAAY returned 6.25%/yr vs 2.63%/yr for DLAKY. At a 0.43 correlation, their price movements are largely independent.

Performance

RYAAY vs. DLAKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ryanair Holdings plc (RYAAY) and Deutsche Lufthansa AG ADR (DLAKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYAAY achieves a -19.12% return, which is significantly lower than DLAKY's 1.48% return. Over the past 10 years, RYAAY has outperformed DLAKY with an annualized return of 6.25%, while DLAKY has yielded a comparatively lower 2.63% annualized return.

RYAAY

• 1D: 2.96%
• 1M: -0.12%
• YTD: -19.12%
• 6M: -11.79%
• 1Y: 2.28%
• 3Y*: 12.47%
• 5Y*: 6.25%
• 10Y*: 6.25%

DLAKY

• 1D: -1.44%
• 1M: 3.65%
• YTD: 1.48%
• 6M: 3.81%
• 1Y: 21.51%
• 3Y*: 3.42%
• 5Y*: 2.84%
• 10Y*: 2.63%

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

RYAAY vs. DLAKY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYAAY Ryanair Holdings plc	-19.12%	69.01%	-16.14%	78.38%	-26.94%	-6.96%	25.53%	22.81%	-31.53%	25.14%
DLAKY Deutsche Lufthansa AG ADR	1.48%	60.31%	-23.97%	6.86%	15.50%	-23.86%	-27.66%	-18.63%	-36.12%	191.82%

Correlation

The correlation between RYAAY and DLAKY is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 11, 2002	0.43

The correlation between RYAAY and DLAKY shifts across timeframes, from 0.43 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RYAAY : $30.27B DLAKY : $11.45B
EPS RYAAY : $4.08 DLAKY : $1.29
PE Ratio RYAAY : 14.22 DLAKY : 7.39
PEG Ratio RYAAY : 0.19 DLAKY : 0.41
PS Ratio RYAAY : 1.98 DLAKY : 0.28
PB Ratio RYAAY : 2.99 DLAKY : 0.93
Total Revenue (TTM) RYAAY : $15.59B DLAKY : $40.27B
Gross Profit (TTM) RYAAY : $3.93B DLAKY : $5.21B
EBITDA (TTM) RYAAY : $3.84B DLAKY : $4.00B

Return for Risk

RYAAY vs. DLAKY — Risk / Return Rank

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

RYAAY

RYAAY Risk / Return Rank: 43
RYAAY Sharpe Ratio Rank: 45
RYAAY Sortino Ratio Rank: 40
RYAAY Omega Ratio Rank: 39
RYAAY Calmar Ratio Rank: 45
RYAAY Martin Ratio Rank: 45

DLAKY

DLAKY Risk / Return Rank: 60
DLAKY Sharpe Ratio Rank: 63
DLAKY Sortino Ratio Rank: 59
DLAKY Omega Ratio Rank: 56
DLAKY Calmar Ratio Rank: 61
DLAKY Martin Ratio Rank: 61

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.

RYAAY vs. DLAKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ryanair Holdings plc (RYAAY) and Deutsche Lufthansa AG ADR (DLAKY). 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.

	RYAAY	DLAKY	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.60	-0.54
Sortino ratio: Return per unit of downside risk	0.36	1.12	-0.75
Omega ratio: Gain probability vs. loss probability	1.04	1.13	-0.09
Calmar ratio: Return relative to maximum drawdown	0.08	0.83	-0.75
Martin ratio: Return relative to average drawdown	0.19	1.91	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYAAY vs. DLAKY - Sharpe Ratio Comparison

The current RYAAY Sharpe Ratio is 0.07, which is lower than the DLAKY Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of RYAAY and DLAKY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYAAY	DLAKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	0.60	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.08	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.07	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.03	+0.36

Drawdowns

RYAAY vs. DLAKY - Drawdown Comparison

The maximum RYAAY drawdown since its inception was -67.68%, smaller than the maximum DLAKY drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for RYAAY and DLAKY.

Drawdown Indicators

	RYAAY	DLAKY	Difference
Max Drawdown Largest peak-to-trough decline	-67.68%	-78.13%	+10.45%
Max Drawdown (1Y) Largest decline over 1 year	-27.40%	-25.91%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-36.05%	-42.07%	+6.02%
Max Drawdown (5Y) Largest decline over 5 years	-54.89%	-48.49%	-6.40%
Max Drawdown (10Y) Largest decline over 10 years	-62.50%	-78.13%	+15.63%
Current Drawdown Current decline from peak	-20.91%	-56.72%	+35.81%
Average Drawdown Average peak-to-trough decline	-19.84%	-41.07%	+21.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.78%	11.32%	+0.46%

Volatility

RYAAY vs. DLAKY - Volatility Comparison

Ryanair Holdings plc (RYAAY) has a higher volatility of 11.62% compared to Deutsche Lufthansa AG ADR (DLAKY) at 10.24%. This indicates that RYAAY's price experiences larger fluctuations and is considered to be riskier than DLAKY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYAAY	DLAKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.62%	10.24%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	28.46%	27.83%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	34.71%	35.86%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.38%	36.56%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.50%	39.37%	-2.87%

Dividends

RYAAY vs. DLAKY - Dividend Comparison

RYAAY's dividend yield for the trailing twelve months is around 1.70%, less than DLAKY's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLAKY Deutsche Lufthansa AG ADR	4.00%	3.37%	5.08%	0.00%	0.00%	41.35%	0.00%	3.53%	3.10%	1.07%	3.03%	0.00%
RYAAY Ryanair Holdings plc	1.70%	1.39%	2.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.27%

Financials

RYAAY vs. DLAKY - Profitability Comparison

The chart below illustrates the profitability comparison between Ryanair Holdings plc and Deutsche Lufthansa AG ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RYAAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ryanair Holdings plc reported a gross profit of -318.76M and revenue of 2.55B. Therefore, the gross margin over that period was -12.5%.

DLAKY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Lufthansa AG ADR reported a gross profit of 346.61M and revenue of 8.89B. Therefore, the gross margin over that period was 3.9%.

RYAAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ryanair Holdings plc reported an operating income of -512.80M and revenue of 2.55B, resulting in an operating margin of -20.1%.

DLAKY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Lufthansa AG ADR reported an operating income of -970.70M and revenue of 8.89B, resulting in an operating margin of -10.9%.

RYAAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ryanair Holdings plc reported a net income of -402.00M and revenue of 2.55B, resulting in a net margin of -15.7%.

DLAKY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Lufthansa AG ADR reported a net income of -675.94M and revenue of 8.89B, resulting in a net margin of -7.6%.

Frequently Asked Questions

Can I hold both RYAAY and DLAKY in my portfolio?

RYAAY and DLAKY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYAAY or DLAKY?

RYAAY has higher volatility (11.62%) compared to DLAKY (10.24%). In terms of maximum drawdown, RYAAY dropped -67.68% vs DLAKY's -78.13%.

Which has better risk-adjusted returns?

DLAKY currently has the higher Sharpe Ratio (0.60 vs 0.07), 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.