ALHC vs. CLOV
ALHC (Alignment Healthcare Holdings, LLC) and CLOV (Clover Health Investments, Corp.) are both stocks. Both operate in the Healthcare Plans industry within the Healthcare sector. Over the past 5 years, ALHC returned -8.40%/yr vs -12.08%/yr for CLOV. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
ALHC vs. CLOV - Performance Comparison
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Returns By Period
In the year-to-date period, ALHC achieves a -31.54% return, which is significantly lower than CLOV's 81.70% return.
ALHC
- 1D
- -7.14%
- 1M
- -43.19%
- 6M
- -40.93%
- YTD
- -31.54%
- 1Y
- -1.02%
- 3Y*
- 27.98%
- 5Y*
- -8.40%
- 10Y*
- —
- ALL TIME*
- -6.20%
CLOV
- 1D
- -1.39%
- 1M
- -18.82%
- 6M
- 98.60%
- YTD
- 81.70%
- 1Y
- 48.26%
- 3Y*
- 47.89%
- 5Y*
- -12.08%
- 10Y*
- —
- ALL TIME*
- -13.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $110.51M | $106.48M | $115.77M | |
| $15.75M | $20.89M | $32.17M |
ALHC vs. CLOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ALHC Alignment Healthcare Holdings, LLC | -31.54% | 75.56% | 30.66% | -26.79% | -16.36% | -26.19% |
CLOV Clover Health Investments, Corp. | 81.70% | -25.40% | 230.85% | 2.43% | -75.01% | -52.43% |
Correlation
The correlation between ALHC and CLOV is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.34 |
Fundamentals
ALHC:
$2.80B
CLOV:
$2.21B
ALHC:
$0.19
CLOV:
-$0.11
ALHC:
0.62
CLOV:
1.00
ALHC:
10.93
CLOV:
6.57
ALHC:
$4.58B
CLOV:
$2.21B
ALHC:
$248.98M
CLOV:
$939.14M
ALHC:
$86.51M
CLOV:
-$55.21M
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Return for Risk
ALHC vs. CLOV — Risk / Return Rank
ALHC
CLOV
ALHC vs. CLOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alignment Healthcare Holdings, LLC (ALHC) and Clover Health Investments, Corp. (CLOV). 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.
| ALHC | CLOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.87 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.07 | 1.63 | -1.70 |
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Drawdowns
ALHC vs. CLOV - Drawdown Comparison
The maximum ALHC drawdown since its inception was -83.61%, smaller than the maximum CLOV drawdown of -97.19%. Use the drawdown chart below to compare losses from any high point for ALHC and CLOV.
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Drawdown Indicators
| ALHC | CLOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -97.19% | +13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -44.95% | -55.50% | +10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -50.33% | -64.73% | +14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -80.44% | -94.24% | +13.80% |
Current DrawdownCurrent decline from peak | -50.42% | -80.72% | +30.30% |
Average DrawdownAverage peak-to-trough decline | -51.39% | -76.63% | +25.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 29.71% | -14.00% |
Volatility
ALHC vs. CLOV - Volatility Comparison
Alignment Healthcare Holdings, LLC (ALHC) has a higher volatility of 30.96% compared to Clover Health Investments, Corp. (CLOV) at 17.95%. This indicates that ALHC's price experiences larger fluctuations and is considered to be riskier than CLOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALHC | CLOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.96% | 17.95% | +13.01% |
Volatility (6M)Calculated over the trailing 6-month period | 55.04% | 43.40% | +11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.26% | 70.02% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.90% | 76.67% | -11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.61% | 85.23% | -20.62% |
Dividends
ALHC vs. CLOV - Dividend Comparison
Neither ALHC nor CLOV has paid dividends to shareholders.
Financials
ALHC vs. CLOV - Financials Comparison
This section allows you to compare key financial metrics between Alignment Healthcare Holdings, LLC and Clover Health Investments, Corp.. 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
ALHC vs. CLOV - Profitability Comparison
ALHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alignment Healthcare Holdings, LLC reported a gross profit of -144.48M and revenue of 1.34B. Therefore, the gross margin over that period was -10.8%.
CLOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Clover Health Investments, Corp. reported a gross profit of 692.13M and revenue of 749.19M. Therefore, the gross margin over that period was 92.4%.
ALHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alignment Healthcare Holdings, LLC reported an operating income of 42.10M and revenue of 1.34B, resulting in an operating margin of 3.2%.
CLOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Clover Health Investments, Corp. reported an operating income of 27.33M and revenue of 749.19M, resulting in an operating margin of 3.7%.
ALHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alignment Healthcare Holdings, LLC reported a net income of 36.56M and revenue of 1.34B, resulting in a net margin of 2.7%.
CLOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Clover Health Investments, Corp. reported a net income of 27.33M and revenue of 749.19M, resulting in a net margin of 3.7%.
Frequently Asked Questions
ALHC and CLOV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALHC has higher volatility (30.96%) compared to CLOV (17.95%). In terms of maximum drawdown, ALHC dropped -83.61% vs CLOV's -97.19%.
CLOV currently has the higher Sharpe Ratio (0.69 vs -0.02), 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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