SKYW vs. NEU
SKYW (SkyWest, Inc.) and NEU (NewMarket Corporation) are both stocks. SKYW operates in Airlines (Industrials), while NEU operates in Specialty Chemicals (Basic Materials). Over the past 10 years, SKYW returned 13.19%/yr vs 9.13%/yr for NEU. At a 0.23 correlation, their price movements are largely independent.
Performance
SKYW vs. NEU - Performance Comparison
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Returns By Period
In the year-to-date period, SKYW achieves a -16.80% return, which is significantly lower than NEU's 17.44% return. Over the past 10 years, SKYW has outperformed NEU with an annualized return of 13.19%, while NEU has yielded a comparatively lower 9.13% annualized return.
SKYW
- 1D
- -1.07%
- 1M
- -5.31%
- YTD
- -16.80%
- 6M
- -19.19%
- 1Y
- -19.09%
- 3Y*
- 34.98%
- 5Y*
- 11.40%
- 10Y*
- 13.19%
NEU
- 1D
- 1.63%
- 1M
- 17.24%
- YTD
- 17.44%
- 6M
- 6.97%
- 1Y
- 26.66%
- 3Y*
- 28.34%
- 5Y*
- 21.53%
- 10Y*
- 9.13%
SKYW vs. NEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKYW SkyWest, Inc. | -16.80% | 0.28% | 91.82% | 216.17% | -57.99% | -2.51% | -37.31% | 46.54% | -15.60% | 46.83% |
NEU NewMarket Corporation | 17.44% | 32.28% | -1.45% | 79.15% | -6.70% | -11.93% | -16.48% | 20.01% | 5.52% | -4.69% |
Correlation
The correlation between SKYW and NEU is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.23 |
Fundamentals
SKYW:
$10.42
NEU:
$58.30
SKYW:
8.02
NEU:
13.77
SKYW:
0.04
NEU:
0.48
SKYW:
0.84
NEU:
2.10
SKYW:
$4.12B
NEU:
$2.69B
SKYW:
$1.73B
NEU:
$842.26M
SKYW:
$970.77M
NEU:
$648.92M
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Return for Risk
SKYW vs. NEU — Risk / Return Rank
SKYW
NEU
SKYW vs. NEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWest, Inc. (SKYW) and NewMarket Corporation (NEU). 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.
| SKYW | NEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.19 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.82 | -1.34 |
| Martin ratioReturn relative to average drawdown | -0.98 | 1.58 | -2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKYW | NEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 0.86 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.82 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.37 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.29 | -0.04 |
Drawdowns
SKYW vs. NEU - Drawdown Comparison
The maximum SKYW drawdown since its inception was -81.77%, smaller than the maximum NEU drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for SKYW and NEU.
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Drawdown Indicators
| SKYW | NEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.77% | -95.01% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -32.77% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -32.77% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -71.50% | -32.77% | -38.73% |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | -40.66% | -41.11% |
Current DrawdownCurrent decline from peak | -32.47% | -7.18% | -25.29% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -28.25% | -7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.52% | 16.90% | +2.62% |
Volatility
SKYW vs. NEU - Volatility Comparison
SkyWest, Inc. (SKYW) has a higher volatility of 10.85% compared to NewMarket Corporation (NEU) at 6.82%. This indicates that SKYW's price experiences larger fluctuations and is considered to be riskier than NEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYW | NEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 6.82% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 26.99% | 25.88% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.35% | 31.13% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.54% | 26.33% | +17.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.44% | 25.05% | +26.39% |
Dividends
SKYW vs. NEU - Dividend Comparison
SKYW has not paid dividends to shareholders, while NEU's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEU NewMarket Corporation | 1.43% | 1.64% | 1.89% | 1.62% | 2.70% | 2.33% | 1.91% | 1.50% | 1.70% | 1.76% | 1.51% | 1.52% |
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
SKYW vs. NEU - Financials Comparison
This section allows you to compare key financial metrics between SkyWest, Inc. and NewMarket Corporation. 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
SKYW vs. NEU - Profitability Comparison
SKYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SkyWest, Inc. reported a gross profit of 591.07M and revenue of 1.01B. Therefore, the gross margin over that period was 58.3%.
NEU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NewMarket Corporation reported a gross profit of 220.88M and revenue of 669.72M. Therefore, the gross margin over that period was 33.0%.
SKYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SkyWest, Inc. reported an operating income of 123.69M and revenue of 1.01B, resulting in an operating margin of 12.2%.
NEU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NewMarket Corporation reported an operating income of 143.23M and revenue of 669.72M, resulting in an operating margin of 21.4%.
SKYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SkyWest, Inc. reported a net income of 101.69M and revenue of 1.01B, resulting in a net margin of 10.0%.
NEU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NewMarket Corporation reported a net income of 118.07M and revenue of 669.72M, resulting in a net margin of 17.6%.
Frequently Asked Questions
SKYW and NEU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYW has higher volatility (10.85%) compared to NEU (6.82%). In terms of maximum drawdown, SKYW dropped -81.77% vs NEU's -95.01%.
NEU currently has the higher Sharpe Ratio (0.86 vs -0.53), 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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