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ALG vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ALGSPY
YTD Return-16.57%15.29%
1Y Return-3.94%26.49%
3Y Return (Ann)5.62%10.42%
5Y Return (Ann)12.61%14.94%
10Y Return (Ann)13.41%12.85%
Sharpe Ratio-0.162.40
Daily Std Dev27.88%11.21%
Max Drawdown-69.22%-55.19%
Current Drawdown-23.29%-0.41%

Correlation

-0.50.00.51.00.3

The correlation between ALG and SPY is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

ALG vs. SPY - Performance Comparison

In the year-to-date period, ALG achieves a -16.57% return, which is significantly lower than SPY's 15.29% return. Both investments have delivered pretty close results over the past 10 years, with ALG having a 13.41% annualized return and SPY not far behind at 12.85%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


1,800.00%2,000.00%2,200.00%2,400.00%2,600.00%2,800.00%2024FebruaryMarchAprilMayJune
2,066.26%
2,041.88%
ALG
SPY

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Alamo Group Inc.

SPDR S&P 500 ETF

Risk-Adjusted Performance

ALG vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Alamo Group Inc. (ALG) and SPDR S&P 500 ETF (SPY). 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.


ALG
Sharpe ratio
The chart of Sharpe ratio for ALG, currently valued at -0.16, compared to the broader market-2.00-1.000.001.002.003.00-0.16
Sortino ratio
The chart of Sortino ratio for ALG, currently valued at -0.04, compared to the broader market-4.00-2.000.002.004.006.00-0.04
Omega ratio
The chart of Omega ratio for ALG, currently valued at 1.00, compared to the broader market0.501.001.502.001.00
Calmar ratio
The chart of Calmar ratio for ALG, currently valued at -0.19, compared to the broader market0.002.004.006.00-0.19
Martin ratio
The chart of Martin ratio for ALG, currently valued at -0.42, compared to the broader market0.0010.0020.00-0.42
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.40, compared to the broader market-2.00-1.000.001.002.003.002.40
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.38, compared to the broader market-4.00-2.000.002.004.006.003.38
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.43, compared to the broader market0.501.001.502.001.43
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.31, compared to the broader market0.002.004.006.002.31
Martin ratio
The chart of Martin ratio for SPY, currently valued at 9.33, compared to the broader market0.0010.0020.009.33

ALG vs. SPY - Sharpe Ratio Comparison

The current ALG Sharpe Ratio is -0.16, which is lower than the SPY Sharpe Ratio of 2.40. The chart below compares the 12-month rolling Sharpe Ratio of ALG and SPY.


Rolling 12-month Sharpe Ratio0.001.002.003.002024FebruaryMarchAprilMayJune
-0.16
2.40
ALG
SPY

Dividends

ALG vs. SPY - Dividend Comparison

ALG's dividend yield for the trailing twelve months is around 0.55%, less than SPY's 1.26% yield.


TTM20232022202120202019201820172016201520142013
ALG
Alamo Group Inc.
0.55%0.42%0.51%0.38%0.38%0.38%0.57%0.35%0.47%0.61%0.58%0.46%
SPY
SPDR S&P 500 ETF
1.26%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

ALG vs. SPY - Drawdown Comparison

The maximum ALG drawdown since its inception was -69.22%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALG and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%2024FebruaryMarchAprilMayJune
-23.29%
-0.41%
ALG
SPY

Volatility

ALG vs. SPY - Volatility Comparison

Alamo Group Inc. (ALG) has a higher volatility of 5.43% compared to SPDR S&P 500 ETF (SPY) at 2.41%. This indicates that ALG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%2024FebruaryMarchAprilMayJune
5.43%
2.41%
ALG
SPY