ULCC vs. ALGT
ULCC (Frontier Group Holdings, Inc.) and ALGT (Allegiant Travel Company) are both stocks. Both operate in the Airlines industry within the Industrials sector. Over the past 5 years, ULCC returned -14.46%/yr vs -11.80%/yr for ALGT. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
ULCC vs. ALGT - Performance Comparison
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Returns By Period
In the year-to-date period, ULCC achieves a 43.31% return, which is significantly higher than ALGT's 15.02% return.
ULCC
- 1D
- -3.30%
- 1M
- -10.95%
- 6M
- 45.47%
- YTD
- 43.31%
- 1Y
- 70.03%
- 3Y*
- -9.01%
- 5Y*
- -14.46%
- 10Y*
- —
- ALL TIME*
- -17.32%
ALGT
- 1D
- -0.94%
- 1M
- -17.35%
- 6M
- 10.66%
- YTD
- 15.02%
- 1Y
- 103.82%
- 3Y*
- -5.83%
- 5Y*
- -11.80%
- 10Y*
- -1.20%
- ALL TIME*
- 8.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.80M | $48.19M | $57.36M | |
| $27.68M | $28.23M | $28.77M |
ULCC vs. ALGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ULCC Frontier Group Holdings, Inc. | 43.31% | -33.76% | 30.22% | -46.84% | -24.32% | -27.08% |
ALGT Allegiant Travel Company | 15.02% | -9.40% | 16.03% | 23.44% | -63.65% | -23.36% |
Correlation
The correlation between ULCC and ALGT is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.64 |
The correlation between ULCC and ALGT has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.
Fundamentals
ULCC:
$1.55B
ALGT:
$1.79B
ULCC:
-$2.24
ALGT:
-$1.89
ULCC:
0.28
ALGT:
0.67
ULCC:
$4.15B
ALGT:
$2.64B
ULCC:
$902.00M
ALGT:
$815.04M
ULCC:
-$272.00M
ALGT:
$340.03M
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Return for Risk
ULCC vs. ALGT — Risk / Return Rank
ULCC
ALGT
ULCC vs. ALGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontier Group Holdings, Inc. (ULCC) 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.
| ULCC | ALGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.31 | -1.27 |
| Martin ratioReturn relative to average drawdown | 2.19 | 5.41 | -3.22 |
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Drawdowns
ULCC vs. ALGT - Drawdown Comparison
The maximum ULCC drawdown since its inception was -87.04%, roughly equal to the maximum ALGT drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for ULCC and ALGT.
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Drawdown Indicators
| ULCC | ALGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.04% | -86.01% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -52.45% | -39.13% | -13.32% |
Max Drawdown (3Y)Largest decline over 3 years | -70.38% | -66.91% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -83.72% | -81.93% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.01% | — |
Current DrawdownCurrent decline from peak | -69.19% | -62.25% | -6.94% |
Average DrawdownAverage peak-to-trough decline | -60.55% | -31.89% | -28.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.86% | 16.69% | +8.17% |
Volatility
ULCC vs. ALGT - Volatility Comparison
Frontier Group Holdings, Inc. (ULCC) has a higher volatility of 22.57% compared to Allegiant Travel Company (ALGT) at 14.71%. This indicates that ULCC's price experiences larger fluctuations and is considered to be riskier 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
| ULCC | ALGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.57% | 14.71% | +7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 60.55% | 46.49% | +14.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.41% | 64.40% | +21.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.72% | 55.21% | +15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.29% | 51.63% | +17.66% |
Dividends
ULCC vs. ALGT - Dividend Comparison
Neither ULCC 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% |
ULCC Frontier Group 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
ULCC vs. ALGT - Financials Comparison
This section allows you to compare key financial metrics between Frontier Group 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
ULCC vs. ALGT - Profitability Comparison
ULCC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Frontier Group Holdings, Inc. reported a gross profit of 683.00M and revenue of 1.28B. Therefore, the gross margin over that period was 53.4%.
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%.
ULCC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Frontier Group Holdings, Inc. reported an operating income of -97.00M and revenue of 1.28B, resulting in an operating margin of -7.6%.
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%.
ULCC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Frontier Group Holdings, Inc. reported a net income of -90.00M and revenue of 1.28B, resulting in a net margin of -7.0%.
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
ULCC and ALGT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULCC has higher volatility (22.57%) compared to ALGT (14.71%). In terms of maximum drawdown, ULCC dropped -87.04% vs ALGT's -86.01%.
ALGT currently has the higher Sharpe Ratio (1.40 vs 0.64), 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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