ALGN vs. LDO.MI
ALGN (Align Technology, Inc.) and LDO.MI (Leonardo S.p.A.) are both stocks. ALGN operates in Medical Devices (Healthcare), while LDO.MI operates in Aerospace & Defense (Industrials). Over the past 10 years, ALGN returned 8.12%/yr vs 19.42%/yr for LDO.MI. At a 0.20 correlation, their price movements are largely independent.
Performance
ALGN vs. LDO.MI - Performance Comparison
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Different Trading Currencies
ALGN is traded in USD, while LDO.MI is traded in EUR. To make them comparable, the LDO.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALGN achieves a 10.18% return, which is significantly higher than LDO.MI's 3.06% return. Over the past 10 years, ALGN has underperformed LDO.MI with an annualized return of 8.12%, while LDO.MI has yielded a comparatively higher 19.42% 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%
LDO.MI
- 1D
- 0.87%
- 1M
- -5.00%
- YTD
- 3.06%
- 6M
- 8.30%
- 1Y
- 0.39%
- 3Y*
- 76.77%
- 5Y*
- 48.39%
- 10Y*
- 19.42%
ALGN vs. LDO.MI - 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% |
LDO.MI Leonardo S.p.A. | 3.06% | 116.42% | 65.76% | 93.57% | 22.66% | -1.81% | -36.54% | 35.11% | -25.08% | -14.34% |
Correlation
The correlation between ALGN and LDO.MI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 29, 2007 | 0.20 |
The correlation between ALGN and LDO.MI shifts across timeframes, from 0.07 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ALGN vs. LDO.MI — Risk / Return Rank
ALGN
LDO.MI
ALGN vs. LDO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Align Technology, Inc. (ALGN) and Leonardo S.p.A. (LDO.MI). 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 | LDO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.04 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.20 | -0.07 | -0.12 |
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 | LDO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.02 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 1.30 | -1.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.50 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.14 | +0.02 |
Drawdowns
ALGN vs. LDO.MI - Drawdown Comparison
The maximum ALGN drawdown since its inception was -92.30%, roughly equal to the maximum LDO.MI drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for ALGN and LDO.MI.
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Drawdown Indicators
| ALGN | LDO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.30% | -88.08% | -4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -39.73% | -22.61% | -17.12% |
Max Drawdown (3Y)Largest decline over 3 years | -67.59% | -22.61% | -44.98% |
Max Drawdown (5Y)Largest decline over 5 years | -82.89% | -39.97% | -42.92% |
Max Drawdown (10Y)Largest decline over 10 years | -82.89% | -73.32% | -9.57% |
Current DrawdownCurrent decline from peak | -76.43% | -19.12% | -57.31% |
Average DrawdownAverage peak-to-trough decline | -37.65% | -50.79% | +13.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.90% | 10.71% | +13.19% |
Volatility
ALGN vs. LDO.MI - Volatility Comparison
Align Technology, Inc. (ALGN) has a higher volatility of 11.85% compared to Leonardo S.p.A. (LDO.MI) at 10.89%. This indicates that ALGN's price experiences larger fluctuations and is considered to be riskier than LDO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGN | LDO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 10.89% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 28.46% | 30.19% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.81% | 41.92% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.56% | 36.79% | +12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.06% | 38.78% | +10.28% |
Dividends
ALGN vs. LDO.MI - Dividend Comparison
ALGN has not paid dividends to shareholders, while LDO.MI's dividend yield for the trailing twelve months is around 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDO.MI Leonardo S.p.A. | 1.01% | 1.06% | 1.08% | 0.94% | 1.74% | 0.00% | 2.37% | 1.34% | 1.82% | 1.41% |
Financials
ALGN vs. LDO.MI - Financials Comparison
This section allows you to compare key financial metrics between Align Technology, Inc. and Leonardo S.p.A.. 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
Frequently Asked Questions
ALGN and LDO.MI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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