Correlation
The correlation between ALHC and SPY is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ALHC vs. SPY
Compare and contrast key facts about Alignment Healthcare Holdings, LLC (ALHC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALHC or SPY.
Performance
ALHC vs. SPY - Performance Comparison
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Key characteristics
ALHC:
1.57
SPY:
0.70
ALHC:
2.48
SPY:
1.02
ALHC:
1.31
SPY:
1.15
ALHC:
1.44
SPY:
0.68
ALHC:
9.10
SPY:
2.57
ALHC:
11.80%
SPY:
4.93%
ALHC:
62.48%
SPY:
20.42%
ALHC:
-83.61%
SPY:
-55.19%
ALHC:
-43.64%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ALHC achieves a 36.62% return, which is significantly higher than SPY's 0.87% return.
ALHC
36.62%
-8.35%
21.89%
95.05%
12.90%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
ALHC vs. SPY — Risk-Adjusted Performance Rank
ALHC
SPY
ALHC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alignment Healthcare Holdings, LLC (ALHC) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
ALHC vs. SPY - Dividend Comparison
ALHC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALHC Alignment Healthcare Holdings, LLC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ALHC vs. SPY - Drawdown Comparison
The maximum ALHC drawdown since its inception was -83.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALHC and SPY.
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Volatility
ALHC vs. SPY - Volatility Comparison
Alignment Healthcare Holdings, LLC (ALHC) has a higher volatility of 16.83% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that ALHC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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