ALK vs SPY

Comparison between Alaska Air Group Inc (ALK, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed ALK, delivering a return of +13.9% compared to -9.6%

ALK vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ALK(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.44B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	76.50%	56.47%
Sharpe Ratio	-0.43	1.67
5Y Beta	N/A	1.00
Industry	Airlines	N/A
P/E Ratio	69.38	28.81
Forward P/E	147.06	22.07
5Y Dividends CAGR	28.84%	5.43%
5Y EPS CAGR	N/A	25.84%
Debt to Equity	136.13%	34.16%
Free Cash Flow Yield	27.30%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

ALK

$4.44B

Winner

SPY

$735B

Expense Ratio

ALK

N/A

SPY

0.09%

Max Drawdown

ALK

76.50%

Winner

SPY

56.47%

Sharpe Ratio

ALK

-0.43

Winner

SPY

1.67

5Y Beta

ALK

N/A

SPY

1.00

Industry

ALK

Airlines

SPY

N/A

P/E Ratio

ALK

69.38

Winner

SPY

28.81

Forward P/E

ALK

147.06

Winner

SPY

22.07

5Y Dividends CAGR

Winner

ALK

28.84%

SPY

5.43%

5Y EPS CAGR

ALK

N/A

SPY

25.84%

Debt to Equity

ALK

136.13%

Winner

SPY

34.16%

Free Cash Flow Yield

ALK

27.30%

SPY

N/A

P/S Ratio

ALK

N/A

SPY

3.69

P/B Ratio

ALK

N/A

SPY

5.54

ALK vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ALK	SPY
1 month	-0.87%	+5.49%
3 months	-21.85%	+8.03%
6 months	+3.95%	+13.34%
1 year	-17.44%	+28.89%
5 years(CAGR)	-9.60%	+13.90%
10 years(CAGR)	-3.84%	+15.59%
Max(CAGR)	+5.99%	+8.51%

ALK

-0.87%

Winner

SPY

+5.49%

ALK

-21.85%

Winner

SPY

+8.03%

ALK

+3.95%

Winner

SPY

+13.34%

ALK

-17.44%

Winner

SPY

+28.89%

5Y(CAGR)

ALK

-9.60%

Winner

SPY

+13.90%

10Y(CAGR)

ALK

-3.84%

Winner

SPY

+15.59%

Max(CAGR)

ALK

+5.99%

Winner

SPY

+8.51%

ALK vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ALK	SPY
2026	-20.24%	+9.02%
2025	-21.77%	+18.00%
2024	+68.88%	+25.59%
2023	-7.33%	+26.72%
2022	-20.58%	-18.64%
2021	+5.81%	+30.52%
2020	-23.29%	+17.28%
2019	+12.54%	+31.09%
2018	-17.24%	-5.24%
2017	-15.20%	+20.78%
2016	+14.98%	+13.59%
2015	+34.96%	+1.31%
2014	+65.07%	+14.56%
2013	+67.95%	+29.00%
2012	+16.54%	+14.17%
2011	+29.73%	+0.85%
2010	+62.58%	+13.14%
2009	+16.80%	+22.67%
2008	+23.68%	-36.25%
2007	-39.01%	+5.32%
2006	+12.06%	+13.85%
2005	+8.90%	+5.32%
2004	+20.47%	+10.75%
2003	+23.60%	+24.18%
2002	-25.27%	-22.42%
2001	-1.56%	-10.13%
2000	-15.00%	-8.84%
1999	-9.92%	+8.61%

ALK vs SPY Drawdown Comparison

The maximum drawdown for ALK was -75.76%, occurring on Jul 15, 2008. Recovery took 874 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current ALK drawdown is -56.51%. The current SPY drawdown is -0.73%.

Rank	ALK	SPY
#1	-75.76% Oct 23, 2006 - Apr 15, 2010	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-75.06% Mar 1, 2017 - Mar 20, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-65.11% Nov 5, 1999 - Oct 3, 2006	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-35.01% Dec 7, 2015 - Dec 7, 2016	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-26.44% May 12, 2011 - Dec 1, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-25.27% May 7, 2013 - Oct 24, 2013	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-18.87% Jun 17, 2010 - Aug 9, 2010	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-18.23% Aug 9, 2010 - Nov 4, 2010	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-17.83% Feb 3, 2012 - Nov 5, 2012	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-16.67% Jun 2, 2014 - Oct 23, 2014	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-14.14% Jan 29, 2015 - Jul 13, 2015	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-12.67% Feb 17, 2011 - Apr 29, 2011	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-12.32% May 3, 2010 - May 12, 2010	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-11.46% Mar 28, 2013 - May 6, 2013	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-10.53% Sep 21, 2015 - Dec 4, 2015	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between ALK and SPY is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (1999 - 2026)

ALK vs SPY dividend yield comparison.

Year	ALK	SPY
2026	0.00%	0.24%
2025	0.00%	1.07%
2024	0.00%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.72%	1.52%
2019	2.07%	1.75%
2018	2.10%	2.04%
2017	1.63%	1.80%
2016	1.24%	2.03%
2015	0.99%	2.06%
2014	0.84%	1.87%
2013	0.55%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%