ULCC vs FRMEP

Comparison between Frontier Group Holdings Inc (ULCC, Company) and First Merchants Corp (FRMEP, Company).

ULCC is from the Industrials sector, while FRMEP is from the Financial Services sector.

ULCC vs FRMEP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULCC(COMPANY)	FRMEP(COMPANY)
Market Cap	$1.37B	$1.51B
Max Drawdown	87.04%	16.61%
Sharpe Ratio	0.80	0.48
5Y Beta	2.26	-0.01
Industry	Airlines	Banks - Regional
P/E Ratio	-3.73	6.50
Forward P/E	13.95	N/A
PEG Ratio	N/A	0.20
Dividend Yield	N/A	5.62%
5Y EPS CAGR	4.83%	7.78%
Debt to Equity	262.61%	0.00%
Free Cash Flow Yield	-29.19%	17.96%

Market Cap

ULCC

$1.37B

Winner

FRMEP

$1.51B

Max Drawdown

ULCC

87.04%

Winner

FRMEP

16.61%

Sharpe Ratio

Winner

ULCC

0.80

FRMEP

0.48

5Y Beta

ULCC

2.26

Winner

FRMEP

-0.01

Industry

ULCC

Airlines

FRMEP

Banks - Regional

P/E Ratio

Winner

ULCC

-3.73

FRMEP

6.50

Forward P/E

ULCC

13.95

FRMEP

N/A

PEG Ratio

ULCC

N/A

FRMEP

0.20

Dividend Yield

ULCC

N/A

FRMEP

5.62%

5Y EPS CAGR

ULCC

4.83%

Winner

FRMEP

7.78%

Debt to Equity

ULCC

262.61%

Winner

FRMEP

0.00%

Free Cash Flow Yield

ULCC

-29.19%

Winner

FRMEP

17.96%

ULCC vs FRMEP - Historical Returns

Returns include dividend reinvestment.

Period	ULCC	FRMEP
1 month	-24.14%	+1.95%
3 months	+43.23%	+2.43%
6 months	+4.96%	+5.36%
1 year	+19.83%	+10.43%
5 years(CAGR)	-18.18%	+7.37%
Max(CAGR)	-20.71%	+7.37%

ULCC

-24.14%

Winner

FRMEP

+1.95%

Winner

ULCC

+43.23%

FRMEP

+2.43%

ULCC

+4.96%

Winner

FRMEP

+5.36%

Winner

ULCC

+19.83%

FRMEP

+10.43%

5Y(CAGR)

ULCC

-18.18%

Winner

FRMEP

+7.37%

Max(CAGR)

ULCC

-20.71%

Winner

FRMEP

+7.37%

ULCC vs FRMEP - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	ULCC	FRMEP
2026	+20.35%	+5.40%
2025	-34.85%	+8.01%
2024	+33.90%	+10.36%
2023	-45.94%	+4.23%
2022	-27.21%	+2.51%
2021	-28.01%	N/A

ULCC vs FRMEP Drawdown Comparison

The maximum drawdown for ULCC was -87.04%, occurring on Aug 12, 2024. This drawdown has not yet recovered.

The maximum drawdown for FRMEP was -11.86%, occurring on May 8, 2023. Recovery took 347 trading sessions.

The current ULCC drawdown is -74.90%.

Rank	ULCC	FRMEP
#1	-87.04% Jun 1, 2021 - Aug 12, 2024	-11.86% Aug 15, 2022 - Jan 2, 2024
#2	-12.21% Apr 9, 2021 - Jun 1, 2021	-5.30% Apr 28, 2022 - Aug 1, 2022
#3	N/A	-4.63% Jan 21, 2026 - Jul 23, 2026
#4	N/A	-4.48% Feb 18, 2025 - Feb 28, 2025
#5	N/A	-4.12% Jan 31, 2024 - May 7, 2024
#6	N/A	-3.24% May 16, 2024 - Jul 26, 2024
#7	N/A	-3.01% Nov 17, 2025 - Jan 13, 2026
#8	N/A	-2.92% Jan 29, 2024 - Jan 31, 2024
#9	N/A	-2.89% May 12, 2025 - Aug 19, 2025
#10	N/A	-2.84% Nov 1, 2024 - Jan 31, 2025
#11	N/A	-2.54% Feb 28, 2025 - Apr 28, 2025
#12	N/A	-2.25% Oct 16, 2025 - Oct 31, 2025
#13	N/A	-2.19% Jan 3, 2024 - Jan 12, 2024
#14	N/A	-1.98% Apr 30, 2025 - May 12, 2025
#15	N/A	-1.94% Jan 12, 2024 - Jan 22, 2024

Correlation

Correlation between ULCC and FRMEP is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101