SINGY vs. DAL

Last updated Jun 4, 2026

SINGY (Singapore Airlines Ltd) and DAL (Delta Air Lines, Inc.) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, SINGY returned 1.94%/yr vs 7.91%/yr for DAL. At a 0.20 correlation, their price movements are largely independent.

Performance

SINGY vs. DAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Singapore Airlines Ltd (SINGY) and Delta Air Lines, Inc. (DAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SINGY achieves a 10.58% return, which is significantly lower than DAL's 14.12% return. Over the past 10 years, SINGY has underperformed DAL with an annualized return of 1.94%, while DAL has yielded a comparatively higher 7.91% annualized return.

SINGY

• 1D: 3.49%
• 1M: 12.98%
• YTD: 10.58%
• 6M: 11.77%
• 1Y: 5.51%
• 3Y*: 10.43%
• 5Y*: 12.22%
• 10Y*: 1.94%

DAL

• 1D: -1.55%
• 1M: 15.31%
• YTD: 14.12%
• 6M: 17.35%
• 1Y: 63.27%
• 3Y*: 30.05%
• 5Y*: 12.10%
• 10Y*: 7.91%

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

SINGY vs. DAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SINGY Singapore Airlines Ltd	10.58%	12.15%	2.48%	26.74%	12.95%	13.91%	-41.19%	0.43%	-12.85%	23.67%
DAL Delta Air Lines, Inc.	14.12%	16.09%	52.00%	23.03%	-15.92%	-2.81%	-30.77%	20.38%	-8.66%	16.23%

Correlation

The correlation between SINGY and DAL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 16, 2009	0.20

The correlation between SINGY and DAL shifts across timeframes, from 0.20 (all time) to 0.31 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SINGY : $16.97B DAL : $51.36B
EPS SINGY : $0.77 DAL : $6.85
PE Ratio SINGY : 14.23 DAL : 11.49
PEG Ratio SINGY : 1.11 DAL : 0.07
PS Ratio SINGY : 0.82 DAL : 0.79
PB Ratio SINGY : 0.98 DAL : 2.52
Total Revenue (TTM) SINGY : $20.52B DAL : $65.18B
Gross Profit (TTM) SINGY : $20.52B DAL : $17.07B
EBITDA (TTM) SINGY : $1.95B DAL : $9.66B

Return for Risk

SINGY vs. DAL — Risk / Return Rank

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

SINGY

SINGY Risk / Return Rank: 48
SINGY Sharpe Ratio Rank: 53
SINGY Sortino Ratio Rank: 44
SINGY Omega Ratio Rank: 44
SINGY Calmar Ratio Rank: 50
SINGY Martin Ratio Rank: 48

DAL

DAL Risk / Return Rank: 80
DAL Sharpe Ratio Rank: 82
DAL Sortino Ratio Rank: 80
DAL Omega Ratio Rank: 75
DAL Calmar Ratio Rank: 80
DAL Martin Ratio Rank: 84

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.

SINGY vs. DAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Singapore Airlines Ltd (SINGY) and Delta Air Lines, Inc. (DAL). 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.

	SINGY	DAL	Difference
Sharpe ratio Return per unit of total volatility	0.33	1.54	-1.21
Sortino ratio Return per unit of downside risk	0.55	2.38	-1.83
Omega ratio Gain probability vs. loss probability	1.08	1.27	-0.19
Calmar ratio Return relative to maximum drawdown	0.39	2.78	-2.39
Martin ratio Return relative to average drawdown	0.60	8.71	-8.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SINGY vs. DAL - Sharpe Ratio Comparison

The current SINGY Sharpe Ratio is 0.33, which is lower than the DAL Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of SINGY and DAL, 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

	SINGY	DAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	1.54	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.30	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	0.19	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.16	-0.04

Drawdowns

SINGY vs. DAL - Drawdown Comparison

The maximum SINGY drawdown since its inception was -65.58%, smaller than the maximum DAL drawdown of -81.73%. Use the drawdown chart below to compare losses from any high point for SINGY and DAL.

Drawdown Indicators

	SINGY	DAL	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-81.73%	+16.15%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-22.90%	+8.68%
Max Drawdown (3Y) Largest decline over 3 years	-24.56%	-47.92%	+23.36%
Max Drawdown (5Y) Largest decline over 5 years	-24.56%	-47.92%	+23.36%
Max Drawdown (10Y) Largest decline over 10 years	-64.77%	-69.18%	+4.41%
Current Drawdown Current decline from peak	-5.12%	-4.50%	-0.62%
Average Drawdown Average peak-to-trough decline	-23.27%	-28.95%	+5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.20%	7.28%	+1.92%

Volatility

SINGY vs. DAL - Volatility Comparison

The current volatility for Singapore Airlines Ltd (SINGY) is 4.17%, while Delta Air Lines, Inc. (DAL) has a volatility of 12.96%. This indicates that SINGY experiences smaller price fluctuations and is considered to be less risky than DAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SINGY	DAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	12.96%	-8.79%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	28.77%	-16.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	41.28%	-24.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	40.75%	-20.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.36%	42.15%	-10.79%

Dividends

SINGY vs. DAL - Dividend Comparison

SINGY's dividend yield for the trailing twelve months is around 5.38%, more than DAL's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAL Delta Air Lines, Inc.	0.95%	0.97%	0.83%	0.50%	0.00%	0.00%	1.00%	2.57%	2.63%	1.81%	1.37%	0.89%
SINGY Singapore Airlines Ltd	5.38%	5.95%	7.60%	5.72%	1.74%	0.04%	26.32%	3.02%	3.71%	1.69%	9.33%	2.14%

Financials

SINGY vs. DAL - Profitability Comparison

The chart below illustrates the profitability comparison between Singapore Airlines Ltd and Delta Air Lines, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SINGY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Singapore Airlines Ltd reported a gross profit of 5.34B and revenue of 5.34B. Therefore, the gross margin over that period was 100.0%.

DAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Delta Air Lines, Inc. reported a gross profit of 4.54B and revenue of 15.85B. Therefore, the gross margin over that period was 28.6%.

SINGY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Singapore Airlines Ltd reported an operating income of 779.70M and revenue of 5.34B, resulting in an operating margin of 14.6%.

DAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Delta Air Lines, Inc. reported an operating income of 501.00M and revenue of 15.85B, resulting in an operating margin of 3.2%.

SINGY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Singapore Airlines Ltd reported a net income of 440.90M and revenue of 5.34B, resulting in a net margin of 8.3%.

DAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Delta Air Lines, Inc. reported a net income of -289.00M and revenue of 15.85B, resulting in a net margin of -1.8%.

Frequently Asked Questions

Can I hold both SINGY and DAL in my portfolio?

SINGY and DAL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SINGY or DAL?

DAL has higher volatility (12.96%) compared to SINGY (4.17%). In terms of maximum drawdown, SINGY dropped -65.58% vs DAL's -81.73%.

Which has better risk-adjusted returns?

DAL currently has the higher Sharpe Ratio (1.54 vs 0.33), 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.