ALGN vs. ADBE
ALGN (Align Technology, Inc.) and ADBE (Adobe Inc) are both stocks. ALGN operates in Medical Devices (Healthcare), while ADBE operates in Software - Infrastructure (Technology). Over the past 10 years, ALGN returned 8.12%/yr vs 9.70%/yr for ADBE. At a 0.39 correlation, their price movements are largely independent.
Performance
ALGN vs. ADBE - Performance Comparison
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Returns By Period
In the year-to-date period, ALGN achieves a 10.18% return, which is significantly higher than ADBE's -30.00% return. Over the past 10 years, ALGN has underperformed ADBE with an annualized return of 8.12%, while ADBE has yielded a comparatively higher 9.70% annualized return.
ALGN
- 1D
- 2.57%
- 1M
- 1.94%
- YTD
- 10.18%
- 6M
- 9.11%
- 1Y
- -4.74%
- 3Y*
- -17.32%
- 5Y*
- -21.72%
- 10Y*
- 8.12%
ADBE
- 1D
- -2.57%
- 1M
- -3.18%
- YTD
- -30.00%
- 6M
- -27.76%
- 1Y
- -41.24%
- 3Y*
- -18.59%
- 5Y*
- -13.80%
- 10Y*
- 9.70%
ALGN vs. ADBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 10.18% | -25.11% | -23.90% | 29.92% | -67.91% | 22.98% | 91.51% | 33.24% | -5.74% | 131.13% |
ADBE Adobe Inc | -30.00% | -21.29% | -25.46% | 77.28% | -40.65% | 13.38% | 51.64% | 45.78% | 29.10% | 70.22% |
Correlation
The correlation between ALGN and ADBE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2001 | 0.39 |
The correlation between ALGN and ADBE shifts across timeframes, from 0.25 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ALGN:
$12.32B
ADBE:
$100.69B
ALGN:
$5.96
ADBE:
$17.19
ALGN:
28.85
ADBE:
14.25
ALGN:
3.03
ADBE:
4.20
ALGN:
2.97
ADBE:
8.81
ALGN:
$4.10B
ADBE:
$24.45B
ALGN:
$2.77B
ADBE:
$21.82B
ALGN:
$776.15M
ADBE:
$9.71B
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Return for Risk
ALGN vs. ADBE — Risk / Return Rank
ALGN
ADBE
ALGN vs. ADBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Align Technology, Inc. (ALGN) and Adobe Inc (ADBE). 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.
| ALGN | ADBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.78 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.90 | +0.78 |
| Martin ratioReturn relative to average drawdown | -0.20 | -1.52 | +1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALGN | ADBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -1.22 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | -0.38 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.28 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.41 | -0.25 |
Drawdowns
ALGN vs. ADBE - Drawdown Comparison
The maximum ALGN drawdown since its inception was -92.30%, which is greater than ADBE's maximum drawdown of -79.89%. Use the drawdown chart below to compare losses from any high point for ALGN and ADBE.
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Drawdown Indicators
| ALGN | ADBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.30% | -79.89% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -39.73% | -45.86% | +6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -67.59% | -64.50% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -82.89% | -67.26% | -15.63% |
Max Drawdown (10Y)Largest decline over 10 years | -82.89% | -67.26% | -15.63% |
Current DrawdownCurrent decline from peak | -76.43% | -64.41% | -12.02% |
Average DrawdownAverage peak-to-trough decline | -37.65% | -25.98% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.90% | 27.17% | -3.27% |
Volatility
ALGN vs. ADBE - Volatility Comparison
The current volatility for Align Technology, Inc. (ALGN) is 11.85%, while Adobe Inc (ADBE) has a volatility of 14.05%. This indicates that ALGN experiences smaller price fluctuations and is considered to be less risky than ADBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGN | ADBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 14.05% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 28.46% | 28.21% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.81% | 33.86% | +18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.56% | 36.34% | +13.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.06% | 34.36% | +14.70% |
Dividends
ALGN vs. ADBE - Dividend Comparison
Neither ALGN nor ADBE has paid dividends to shareholders.
Financials
ALGN vs. ADBE - Financials Comparison
This section allows you to compare key financial metrics between Align Technology, Inc. and Adobe Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALGN vs. ADBE - Profitability Comparison
ALGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported a gross profit of 736.59M and revenue of 1.04B. Therefore, the gross margin over that period was 70.8%.
ADBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a gross profit of 5.73B and revenue of 6.40B. Therefore, the gross margin over that period was 89.6%.
ALGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported an operating income of 141.96M and revenue of 1.04B, resulting in an operating margin of 13.7%.
ADBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported an operating income of 2.42B and revenue of 6.40B, resulting in an operating margin of 37.8%.
ALGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported a net income of 112.77M and revenue of 1.04B, resulting in a net margin of 10.8%.
ADBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adobe Inc reported a net income of 1.89B and revenue of 6.40B, resulting in a net margin of 29.5%.
Frequently Asked Questions
ALGN and ADBE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADBE has higher volatility (14.05%) compared to ALGN (11.85%). In terms of maximum drawdown, ALGN dropped -92.30% vs ADBE's -79.89%.
ALGN currently has the higher Sharpe Ratio (-0.09 vs -1.22), 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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