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ALGT correlations (Allegiant Travel Company)

Which assets move with ALGT and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

58.0%

3y weekly

Beta vs S&P 500

1.36

3y weekly

1-year return

+28.5%

price, adjusted

5-year return

-55.9%

price, adjusted

Market cap

$2.2B

latest

P/E ratio

71.7

trailing

Max drawdown

-61.2%

3y, daily closes

ALGT over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with ALGT

Asset		Correlation (3Y)
JETS	US Global Jets ETF	0.77
ULCC	Frontier Group Holdings, Inc.	0.69
JBLU	JetBlue Airways Corporation	0.66
UAL	United Airlines Holdings	0.64
ALK	Alaska Air Group, Inc.	0.63

If the goal is offsetting ALGT, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.35
USO	United States Oil Fund	-0.31
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.31

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/algt.json

Correlations, diversifiers, beta and volatility for ALGT, plus one endpoint per pair. API documentation.

ETF		ALGT weight
IWM	iShares Russell 2000 ETF	0.06%