ALGN vs. SPUS

Last updated Jun 5, 2026

ALGN (Align Technology, Inc.) is a stock, while SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) is S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index. Over the past 5 years, ALGN returned -21.99%/yr vs 17.39%/yr for SPUS. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

ALGN vs. SPUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Align Technology, Inc. (ALGN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALGN achieves a 7.77% return, which is significantly lower than SPUS's 15.48% return.

ALGN

• 1D: 4.07%
• 1M: -0.25%
• YTD: 7.77%
• 6M: 7.30%
• 1Y: -6.50%
• 3Y*: -17.99%
• 5Y*: -21.99%
• 10Y*: 7.90%

SPUS

• 1D: -0.29%
• 1M: 7.95%
• YTD: 15.48%
• 6M: 14.72%
• 1Y: 39.61%
• 3Y*: 24.81%
• 5Y*: 17.39%
• 10Y*: —

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

ALGN vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ALGN Align Technology, Inc.	7.77%	-25.11%	-23.90%	29.92%	-67.91%	22.98%	91.51%	2.36%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	15.48%	19.77%	26.49%	34.24%	-22.76%	35.92%	25.68%	0.81%

Correlation

The correlation between ALGN and SPUS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019	0.58

The correlation between ALGN and SPUS shifts across timeframes, from 0.40 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ALGN vs. SPUS — Risk / Return Rank

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

ALGN

ALGN Risk / Return Rank: 37
ALGN Sharpe Ratio Rank: 37
ALGN Sortino Ratio Rank: 36
ALGN Omega Ratio Rank: 38
ALGN Calmar Ratio Rank: 36
ALGN Martin Ratio Rank: 36

SPUS

SPUS Risk / Return Rank: 82
SPUS Sharpe Ratio Rank: 86
SPUS Sortino Ratio Rank: 84
SPUS Omega Ratio Rank: 82
SPUS Calmar Ratio Rank: 76
SPUS Martin Ratio Rank: 81

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.

ALGN vs. SPUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Align Technology, Inc. (ALGN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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	SPUS	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	2.81	-2.93
Sortino ratio: Return per unit of downside risk	0.21	3.74	-3.52
Omega ratio: Gain probability vs. loss probability	1.04	1.48	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.16	3.73	-3.90
Martin ratio: Return relative to average drawdown	-0.27	16.06	-16.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALGN vs. SPUS - Sharpe Ratio Comparison

The current ALGN Sharpe Ratio is -0.12, which is lower than the SPUS Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of ALGN and SPUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALGN	SPUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	2.81	-2.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	0.91	-1.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.91	-0.75

Drawdowns

ALGN vs. SPUS - Drawdown Comparison

The maximum ALGN drawdown since its inception was -92.30%, which is greater than SPUS's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for ALGN and SPUS.

Drawdown Indicators

	ALGN	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-92.30%	-30.80%	-61.50%
Max Drawdown (1Y) Largest decline over 1 year	-39.73%	-10.66%	-29.07%
Max Drawdown (3Y) Largest decline over 3 years	-67.59%	-22.82%	-44.77%
Max Drawdown (5Y) Largest decline over 5 years	-82.89%	-28.06%	-54.83%
Max Drawdown (10Y) Largest decline over 10 years	-82.89%	—	—
Current Drawdown Current decline from peak	-76.94%	-1.14%	-75.80%
Average Drawdown Average peak-to-trough decline	-37.64%	-6.21%	-31.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.84%	2.47%	+21.37%

Volatility

ALGN vs. SPUS - Volatility Comparison

Align Technology, Inc. (ALGN) has a higher volatility of 12.44% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 4.00%. This indicates that ALGN's price experiences larger fluctuations and is considered to be riskier than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALGN	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	4.00%	+8.44%
Volatility (6M) Calculated over the trailing 6-month period	28.49%	10.85%	+17.64%
Volatility (1Y) Calculated over the trailing 1-year period	52.64%	14.16%	+38.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.55%	19.22%	+30.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.03%	21.28%	+27.75%

Dividends

ALGN vs. SPUS - Dividend Comparison

ALGN has not paid dividends to shareholders, while SPUS's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025	2024	2023	2022	2021	2020
ALGN Align Technology, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.52%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%

Frequently Asked Questions

Can I hold both ALGN and SPUS in my portfolio?

ALGN and SPUS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALGN or SPUS?

ALGN has higher volatility (12.44%) compared to SPUS (4.00%). In terms of maximum drawdown, ALGN dropped -92.30% vs SPUS's -30.80%.

Which has better risk-adjusted returns?

SPUS currently has the higher Sharpe Ratio (2.81 vs -0.12), 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.