ALGN vs. ALGM
ALGN (Align Technology, Inc.) and ALGM (Allegro MicroSystems, Inc.) are both stocks. ALGN operates in Medical Devices (Healthcare), while ALGM operates in Semiconductors (Technology). Over the past 5 years, ALGN returned -22.10%/yr vs 18.27%/yr for ALGM. At a 0.45 correlation, their price movements are largely independent.
Performance
ALGN vs. ALGM - Performance Comparison
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Returns By Period
In the year-to-date period, ALGN achieves a 11.28% return, which is significantly lower than ALGM's 133.43% return.
ALGN
- 1D
- -4.57%
- 1M
- 6.20%
- YTD
- 11.28%
- 6M
- 9.09%
- 1Y
- -4.42%
- 3Y*
- -19.15%
- 5Y*
- -22.10%
- 10Y*
- 8.20%
ALGM
- 1D
- 4.37%
- 1M
- 34.02%
- YTD
- 133.43%
- 6M
- 130.21%
- 1Y
- 98.90%
- 3Y*
- 14.29%
- 5Y*
- 18.27%
- 10Y*
- —
ALGN vs. ALGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 11.28% | -25.11% | -23.90% | 29.92% | -67.91% | 22.98% | 21.59% |
ALGM Allegro MicroSystems, Inc. | 133.43% | 20.68% | -27.78% | 0.83% | -17.03% | 35.71% | 37.42% |
Correlation
The correlation between ALGN and ALGM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.45 |
Fundamentals
ALGN:
$12.44B
ALGM:
$11.41B
ALGN:
$5.96
ALGM:
-$0.08
ALGN:
3.06
ALGM:
12.84
ALGN:
3.00
ALGM:
11.93
ALGN:
$4.10B
ALGM:
$890.10M
ALGN:
$2.77B
ALGM:
$411.97M
ALGN:
$776.15M
ALGM:
$60.02M
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Return for Risk
ALGN vs. ALGM — Risk / Return Rank
ALGN
ALGM
ALGN vs. ALGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Align Technology, Inc. (ALGN) and Allegro MicroSystems, Inc. (ALGM). 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.
| ALGN | ALGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.29 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.54 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.18 | 5.31 | -5.49 |
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Drawdowns
ALGN vs. ALGM - Drawdown Comparison
The maximum ALGN drawdown since its inception was -92.83%, which is greater than ALGM's maximum drawdown of -68.65%. Use the drawdown chart below to compare losses from any high point for ALGN and ALGM.
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Drawdown Indicators
| ALGN | ALGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.83% | -68.65% | -24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -39.73% | -39.22% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -67.59% | -68.65% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -82.89% | -68.65% | -14.24% |
Max Drawdown (10Y)Largest decline over 10 years | -82.89% | — | — |
Current DrawdownCurrent decline from peak | -76.19% | 0.00% | -76.19% |
Average DrawdownAverage peak-to-trough decline | -37.99% | -31.77% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.05% | 18.71% | +5.34% |
Volatility
ALGN vs. ALGM - Volatility Comparison
The current volatility for Align Technology, Inc. (ALGN) is 13.98%, while Allegro MicroSystems, Inc. (ALGM) has a volatility of 27.59%. This indicates that ALGN experiences smaller price fluctuations and is considered to be less risky than ALGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGN | ALGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.98% | 27.59% | -13.61% |
Volatility (6M)Calculated over the trailing 6-month period | 29.95% | 47.63% | -17.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.25% | 56.58% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.72% | 50.97% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.17% | 52.27% | -3.10% |
Dividends
ALGN vs. ALGM - Dividend Comparison
Neither ALGN nor ALGM has paid dividends to shareholders.
Financials
ALGN vs. ALGM - Financials Comparison
This section allows you to compare key financial metrics between Align Technology, Inc. and Allegro MicroSystems, 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. ALGM - 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%.
ALGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allegro MicroSystems, Inc. reported a gross profit of 114.28M and revenue of 243.19M. Therefore, the gross margin over that period was 47.0%.
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%.
ALGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allegro MicroSystems, Inc. reported an operating income of 5.41M and revenue of 243.19M, resulting in an operating margin of 2.2%.
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%.
ALGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allegro MicroSystems, Inc. reported a net income of -16.49M and revenue of 243.19M, resulting in a net margin of -6.8%.
Frequently Asked Questions
ALGN and ALGM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGM has higher volatility (27.59%) compared to ALGN (13.98%). In terms of maximum drawdown, ALGN dropped -92.83% vs ALGM's -68.65%.
ALGM currently has the higher Sharpe Ratio (1.76 vs -0.08), 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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