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.
Correlation
The correlation between ALHC and SPY is 0.26, 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.
Performance
ALHC vs. SPY - Performance Comparison
Key characteristics
ALHC:
1.94
SPY:
0.50
ALHC:
2.68
SPY:
0.88
ALHC:
1.34
SPY:
1.13
ALHC:
1.60
SPY:
0.56
ALHC:
11.58
SPY:
2.17
ALHC:
10.37%
SPY:
4.85%
ALHC:
61.86%
SPY:
20.02%
ALHC:
-83.61%
SPY:
-55.19%
ALHC:
-44.55%
SPY:
-7.65%
Returns By Period
In the year-to-date period, ALHC achieves a 34.40% return, which is significantly higher than SPY's -3.42% return.
ALHC
34.40%
-18.45%
10.61%
118.81%
N/A
N/A
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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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.
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 1.27%.
| 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 | 1.27% | 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. For additional features, visit the drawdowns tool.
Volatility
ALHC vs. SPY - Volatility Comparison
Alignment Healthcare Holdings, LLC (ALHC) has a higher volatility of 15.32% compared to SPDR S&P 500 ETF (SPY) at 7.48%. 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.