ALC vs. ^GSPC
ALC (Alcon Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, ALC returned -0.54%/yr vs 11.25%/yr for ^GSPC. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
ALC vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ALC achieves a -11.56% return, which is significantly lower than ^GSPC's 9.41% return.
ALC
- 1D
- -0.96%
- 1M
- -1.03%
- 6M
- -13.93%
- YTD
- -11.56%
- 1Y
- -20.68%
- 3Y*
- -5.58%
- 5Y*
- -0.54%
- 10Y*
- —
- ALL TIME*
- 2.81%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
ALC Alcon Inc. | $158.18M | $157.97M | $154.82M |
ALC vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ALC Alcon Inc. | -11.56% | -6.50% | 9.02% | 14.32% | -21.09% | 32.23% | 16.63% | -2.38% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 11.57% |
Correlation
The correlation between ALC and ^GSPC is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2019 | 0.51 |
Over the past year, the correlation between ALC and ^GSPC has dropped to 0.29 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
ALC vs. ^GSPC — Risk / Return Rank
ALC
^GSPC
ALC vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcon Inc. (ALC) and S&P 500 Index (^GSPC). 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.
| ALC | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.25 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.00 | -2.68 |
| Martin ratioReturn relative to average drawdown | -1.21 | 8.49 | -9.70 |
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Drawdowns
ALC vs. ^GSPC - Drawdown Comparison
The maximum ALC drawdown since its inception was -37.33%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ALC and ^GSPC.
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Drawdown Indicators
| ALC | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.33% | -56.78% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -30.42% | -9.10% | -21.32% |
Max Drawdown (3Y)Largest decline over 3 years | -37.33% | -18.90% | -18.43% |
Max Drawdown (5Y)Largest decline over 5 years | -37.33% | -25.43% | -11.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -30.34% | -1.58% | -28.76% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -10.70% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.88% | 2.14% | +14.74% |
Volatility
ALC vs. ^GSPC - Volatility Comparison
Alcon Inc. (ALC) has a higher volatility of 9.26% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that ALC's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALC | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 3.51% | +5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 22.45% | 10.11% | +12.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.27% | 12.87% | +16.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.29% | 17.01% | +10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.89% | 18.07% | +9.82% |
Frequently Asked Questions
ALC and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALC has higher volatility (9.26%) compared to ^GSPC (3.51%). In terms of maximum drawdown, ALC dropped -37.33% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.42 vs -0.70), 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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