UAL vs. ALGT
UAL (United Airlines Holdings, Inc.) and ALGT (Allegiant Travel Company) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 10 years, UAL returned 10.25%/yr vs -1.13%/yr for ALGT. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
UAL vs. ALGT - Performance Comparison
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Returns By Period
In the year-to-date period, UAL achieves a 14.82% return, which is significantly lower than ALGT's 21.36% return. Over the past 10 years, UAL has outperformed ALGT with an annualized return of 10.25%, while ALGT has yielded a comparatively lower -1.13% annualized return.
UAL
- 1D
- 5.82%
- 1M
- -3.70%
- 6M
- 19.60%
- YTD
- 14.82%
- 1Y
- 51.82%
- 3Y*
- 34.84%
- 5Y*
- 23.18%
- 10Y*
- 10.25%
- ALL TIME*
- 6.93%
ALGT
- 1D
- 5.51%
- 1M
- -12.80%
- 6M
- 13.64%
- YTD
- 21.36%
- 1Y
- 115.05%
- 3Y*
- -1.98%
- 5Y*
- -10.38%
- 10Y*
- -1.13%
- ALL TIME*
- 8.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $44.44M | $47.15M | $57.96M | |
| $487.23M | $544.22M | $615.52M |
UAL vs. ALGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UAL United Airlines Holdings, Inc. | 14.82% | 15.16% | 135.34% | 9.44% | -13.89% | 1.23% | -50.90% | 5.21% | 24.23% | -7.52% |
ALGT Allegiant Travel Company | 21.36% | -9.40% | 16.03% | 23.44% | -63.65% | -1.16% | 9.32% | 76.98% | -33.95% | -5.16% |
Correlation
The correlation between UAL and ALGT is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2006 | 0.54 |
The correlation between UAL and ALGT shifts across timeframes, from 0.54 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
UAL:
$41.67B
ALGT:
$1.89B
UAL:
$10.70
ALGT:
-$1.89
UAL:
0.67
ALGT:
0.71
UAL:
2.51
ALGT:
1.72K
UAL:
$62.90B
ALGT:
$2.64B
UAL:
$40.92B
ALGT:
$815.04M
UAL:
$8.06B
ALGT:
$340.03M
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Return for Risk
UAL vs. ALGT — Risk / Return Rank
UAL
ALGT
UAL vs. ALGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United Airlines Holdings, Inc. (UAL) and Allegiant Travel Company (ALGT). 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.
| UAL | ALGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.96 | -1.06 |
| Martin ratioReturn relative to average drawdown | 4.34 | 6.92 | -2.58 |
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Drawdowns
UAL vs. ALGT - Drawdown Comparison
The maximum UAL drawdown since its inception was -93.50%, which is greater than ALGT's maximum drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for UAL and ALGT.
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Drawdown Indicators
| UAL | ALGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.50% | -86.01% | -7.49% |
Max Drawdown (1Y)Largest decline over 1 year | -27.50% | -39.13% | +11.63% |
Max Drawdown (3Y)Largest decline over 3 years | -49.19% | -66.91% | +17.72% |
Max Drawdown (5Y)Largest decline over 5 years | -49.19% | -81.93% | +32.74% |
Max Drawdown (10Y)Largest decline over 10 years | -79.40% | -86.01% | +6.61% |
Current DrawdownCurrent decline from peak | -5.67% | -60.17% | +54.50% |
Average DrawdownAverage peak-to-trough decline | -37.02% | -31.89% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 16.69% | -4.72% |
Volatility
UAL vs. ALGT - Volatility Comparison
The current volatility for United Airlines Holdings, Inc. (UAL) is 11.85%, while Allegiant Travel Company (ALGT) has a volatility of 16.00%. This indicates that UAL experiences smaller price fluctuations and is considered to be less risky than ALGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UAL | ALGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 16.00% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 38.99% | 46.68% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.39% | 64.31% | -15.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.93% | 55.28% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.70% | 51.66% | +0.04% |
Dividends
UAL vs. ALGT - Dividend Comparison
Neither UAL nor ALGT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGT Allegiant Travel Company | 0.00% | 0.00% | 1.27% | 1.45% | 0.00% | 0.00% | 0.37% | 1.61% | 2.79% | 1.81% | 1.44% | 1.64% |
UAL United Airlines Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
UAL vs. ALGT - Financials Comparison
This section allows you to compare key financial metrics between United Airlines Holdings, Inc. and Allegiant Travel Company. 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
UAL vs. ALGT - Profitability Comparison
UAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, United Airlines Holdings, Inc. reported a gross profit of 11.97B and revenue of 17.67B. Therefore, the gross margin over that period was 67.7%.
ALGT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Allegiant Travel Company reported a gross profit of 479.13M and revenue of 732.43M. Therefore, the gross margin over that period was 65.4%.
UAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, United Airlines Holdings, Inc. reported an operating income of 1.10B and revenue of 17.67B, resulting in an operating margin of 6.2%.
ALGT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Allegiant Travel Company reported an operating income of 81.10M and revenue of 732.43M, resulting in an operating margin of 11.1%.
UAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, United Airlines Holdings, Inc. reported a net income of 805.00M and revenue of 17.67B, resulting in a net margin of 4.6%.
ALGT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Allegiant Travel Company reported a net income of 42.48M and revenue of 732.43M, resulting in a net margin of 5.8%.
Frequently Asked Questions
UAL and ALGT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGT has higher volatility (16.00%) compared to UAL (11.85%). In terms of maximum drawdown, UAL dropped -93.50% vs ALGT's -86.01%.
ALGT currently has the higher Sharpe Ratio (1.80 vs 1.08), 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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