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 -9.42%/yr vs -16.51%/yr for CLOV. At a 0.33 correlation, their price movements are largely independent.
Performance
ALHC vs. CLOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ALHC achieves a -27.85% return, which is significantly lower than CLOV's 55.32% return.
ALHC
- 1D
- 4.47%
- 1M
- -26.01%
- YTD
- -27.85%
- 6M
- -25.39%
- 1Y
- -7.11%
- 3Y*
- 31.13%
- 5Y*
- -9.42%
- 10Y*
- —
CLOV
- 1D
- -2.14%
- 1M
- 37.74%
- YTD
- 55.32%
- 6M
- 39.31%
- 1Y
- 17.74%
- 3Y*
- 60.44%
- 5Y*
- -16.51%
- 10Y*
- —
ALHC vs. CLOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ALHC Alignment Healthcare Holdings, LLC | -27.85% | 75.56% | 30.66% | -26.79% | -16.36% | -18.78% |
CLOV Clover Health Investments, Corp. | 55.32% | -25.40% | 230.85% | 2.43% | -75.01% | -50.99% |
Correlation
The correlation between ALHC and CLOV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021 | 0.33 |
Fundamentals
ALHC:
$3.04B
CLOV:
$1.91B
ALHC:
$0.10
CLOV:
-$0.11
ALHC:
0.69
CLOV:
0.85
ALHC:
14.68
CLOV:
5.62
ALHC:
$4.26B
CLOV:
$2.21B
ALHC:
$365.25M
CLOV:
$939.14M
ALHC:
$66.34M
CLOV:
-$55.21M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
| ALHC | CLOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.11 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.32 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.49 | 0.58 | -1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ALHC | CLOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 0.26 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | -0.19 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | -0.19 | +0.13 |
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.
Loading charts...
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 | -44.14% | -55.50% | +11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -50.33% | -64.73% | +14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -83.61% | -97.19% | +13.58% |
Current DrawdownCurrent decline from peak | -47.74% | -83.52% | +35.78% |
Average DrawdownAverage peak-to-trough decline | -52.24% | -76.62% | +24.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.49% | 30.50% | -16.01% |
Volatility
ALHC vs. CLOV - Volatility Comparison
Alignment Healthcare Holdings, LLC (ALHC) and Clover Health Investments, Corp. (CLOV) have volatilities of 21.43% and 22.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ALHC | CLOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 22.48% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 39.42% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.31% | 68.65% | -19.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.53% | 88.12% | -25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.93% | 85.63% | -22.70% |
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 Jun 2026, Alignment Healthcare Holdings, LLC reported a gross profit of 0.00 and revenue of 1.24B. Therefore, the gross margin over that period was 0.0%.
CLOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 Jun 2026, Alignment Healthcare Holdings, LLC reported an operating income of 15.50M and revenue of 1.24B, resulting in an operating margin of 1.3%.
CLOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Alignment Healthcare Holdings, LLC reported a net income of 11.42M and revenue of 1.24B, resulting in a net margin of 0.9%.
CLOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLOV has higher volatility (22.48%) compared to ALHC (21.43%). In terms of maximum drawdown, ALHC dropped -83.61% vs CLOV's -97.19%.
CLOV currently has the higher Sharpe Ratio (0.26 vs -0.14), 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.
Find the right allocation for ALHC and CLOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer