ALGM vs. ALTR

Last updated Jun 3, 2026

ALGM (Allegro MicroSystems, Inc.) and ALTR (Altair Engineering Inc.) are both stocks. Both are in the Technology sector — ALGM in Semiconductors, ALTR in Software - Infrastructure. At a 0.43 correlation, their price movements are largely independent.

Performance

ALGM vs. ALTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allegro MicroSystems, Inc. (ALGM) and Altair Engineering Inc. (ALTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALGM

• 1D: 6.79%
• 1M: 2.76%
• YTD: 90.79%
• 6M: 89.82%
• 1Y: 94.78%
• 3Y*: 8.43%
• 5Y*: 13.88%
• 10Y*: —

ALTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALGM vs. ALTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALGM Allegro MicroSystems, Inc.	90.79%	20.68%	-27.78%	0.83%	-17.03%	35.71%	50.62%
ALTR Altair Engineering Inc.	0.00%	2.51%	29.66%	85.07%	-41.19%	32.90%	29.06%

Correlation

The correlation between ALGM and ALTR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 30, 2020	0.43

The correlation between ALGM and ALTR shifts across timeframes, from 0.28 (3 years) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ALGM : $890.10M ALTR : $665.79M
Gross Profit (TTM) ALGM : $411.97M ALTR : $533.36M
EBITDA (TTM) ALGM : $60.02M ALTR : $65.46M

Return for Risk

ALGM vs. ALTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALGM

ALGM Risk / Return Rank: 80
ALGM Sharpe Ratio Rank: 85
ALGM Sortino Ratio Rank: 83
ALGM Omega Ratio Rank: 78
ALGM Calmar Ratio Rank: 78
ALGM Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALGM vs. ALTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allegro MicroSystems, Inc. (ALGM) and Altair Engineering Inc. (ALTR). 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.

	ALGM	ALTR	Difference
Sharpe ratio Return per unit of total volatility	1.80	—	—
Sortino ratio Return per unit of downside risk	2.56	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	2.51	—	—
Martin ratio Return relative to average drawdown	5.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ALGM	ALTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	—	—

Drawdowns

Drawdown Indicators

	ALGM	ALTR	Difference
Max Drawdown Largest peak-to-trough decline	-68.65%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-39.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-68.65%	—	—
Current Drawdown Current decline from peak	-4.53%	—	—
Average Drawdown Average peak-to-trough decline	-32.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	18.62%	—	—

Volatility

Volatility by Period

	ALGM	ALTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	53.03%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.92%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.46%	—	—

Dividends

ALGM vs. ALTR - Dividend Comparison

Neither ALGM nor ALTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ALGM and ALTR in my portfolio?

ALGM and ALTR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.