SAVE vs. CELH

Last updated Jun 4, 2026

SAVE (Spirit Airlines, Inc.) and CELH (Celsius Holdings, Inc.) are both stocks. SAVE operates in Airlines (Industrials), while CELH operates in Beverages - Non-Alcoholic (Consumer Defensive). At a 0.16 correlation, their price movements are largely independent.

Performance

SAVE vs. CELH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spirit Airlines, Inc. (SAVE) and Celsius Holdings, Inc. (CELH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SAVE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CELH

• 1D: -1.74%
• 1M: -10.60%
• YTD: -34.39%
• 6M: -28.55%
• 1Y: -23.40%
• 3Y*: -13.31%
• 5Y*: 2.88%
• 10Y*: 42.93%

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

SAVE vs. CELH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAVE Spirit Airlines, Inc.	0.00%	0.00%	-93.23%	-9.56%	-10.85%	-10.63%	-39.35%	-30.40%	29.14%	-22.49%
CELH Celsius Holdings, Inc.	-34.39%	73.65%	-51.69%	57.21%	39.52%	48.22%	941.61%	39.19%	-33.90%	114.29%

Correlation

The correlation between SAVE and CELH is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.16

The correlation between SAVE and CELH shifts across timeframes, from 0.08 (3 years) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SAVE : $118.28M CELH : $7.80B
EPS SAVE : -$25.20 CELH : $0.61
PS Ratio SAVE : 0.03 CELH : 2.45
Total Revenue (TTM) SAVE : $3.80B CELH : $2.97B
Gross Profit (TTM) SAVE : $1.21B CELH : $1.47B
EBITDA (TTM) SAVE : -$2.30B CELH : $274.27M

Return for Risk

SAVE vs. CELH — Risk / Return Rank

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

CELH

CELH Risk / Return Rank: 24
CELH Sharpe Ratio Rank: 22
CELH Sortino Ratio Rank: 24
CELH Omega Ratio Rank: 24
CELH Calmar Ratio Rank: 27
CELH Martin Ratio Rank: 25

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.

SAVE vs. CELH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spirit Airlines, Inc. (SAVE) and Celsius Holdings, Inc. (CELH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SAVE	CELH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.66	—

Drawdowns

Drawdown Indicators

	SAVE	CELH	Difference
Max Drawdown Largest peak-to-trough decline	—	-77.86%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-57.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-77.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.86%	—
Current Drawdown Current decline from peak	—	-68.78%	—
Average Drawdown Average peak-to-trough decline	—	-27.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.67%	—

Volatility

Volatility by Period

	SAVE	CELH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	56.10%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	65.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	68.91%	—

Dividends

SAVE vs. CELH - Dividend Comparison

Neither SAVE nor CELH has paid dividends to shareholders.

Position	TTM	2025	2024	2023
CELH Celsius Holdings, Inc.	0.00%	0.00%	0.00%	0.00%
SAVE Spirit Airlines, Inc.	0.00%	0.00%	18.52%	7.32%

Financials

Frequently Asked Questions

Can I hold both SAVE and CELH in my portfolio?

SAVE and CELH have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.