ALIT vs. MSTR

Last updated Jun 4, 2026

ALIT (Alight, Inc.) and MSTR (Strategy Inc) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, ALIT returned -40.79%/yr vs 21.70%/yr for MSTR. At a 0.33 correlation, their price movements are largely independent.

Performance

ALIT vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alight, Inc. (ALIT) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALIT achieves a -62.86% return, which is significantly lower than MSTR's -14.86% return.

ALIT

• 1D: -12.37%
• 1M: -10.59%
• YTD: -62.86%
• 6M: -66.63%
• 1Y: -86.29%
• 3Y*: -55.95%
• 5Y*: -40.79%
• 10Y*: —

MSTR

• 1D: 2.23%
• 1M: -30.78%
• YTD: -14.86%
• 6M: -30.45%
• 1Y: -65.78%
• 3Y*: 67.28%
• 5Y*: 21.70%
• 10Y*: 20.85%

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

ALIT vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALIT Alight, Inc.	-62.86%	-70.64%	-18.47%	2.03%	-22.66%	-3.31%	7.50%
MSTR Strategy Inc	-14.86%	-47.53%	358.54%	346.15%	-74.00%	40.13%	228.33%

Correlation

The correlation between ALIT and MSTR is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 20, 2020	0.33

The correlation between ALIT and MSTR shifts across timeframes, from 0.18 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ALIT : -$7.80 MSTR : -$40.19
PS Ratio ALIT : 0.13 MSTR : 81.10
Total Revenue (TTM) ALIT : $2.25B MSTR : $490.47M
Gross Profit (TTM) ALIT : $454.00M MSTR : $334.08M
EBITDA (TTM) ALIT : -$2.24B MSTR : $466.93M

Return for Risk

ALIT vs. MSTR — Risk / Return Rank

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

ALIT

ALIT Risk / Return Rank: 4
ALIT Sharpe Ratio Rank: 3
ALIT Sortino Ratio Rank: 1
ALIT Omega Ratio Rank: 1
ALIT Calmar Ratio Rank: 4
ALIT Martin Ratio Rank: 9

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 4
MSTR Omega Ratio Rank: 7
MSTR Calmar Ratio Rank: 8
MSTR Martin Ratio Rank: 13

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.

ALIT vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alight, Inc. (ALIT) and Strategy Inc (MSTR). 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.

	ALIT	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	-1.10	-0.94	-0.16
Sortino ratio: Return per unit of downside risk	-2.50	-1.66	-0.83
Omega ratio: Gain probability vs. loss probability	0.67	0.82	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.86	-0.08
Martin ratio: Return relative to average drawdown	-1.37	-1.27	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALIT vs. MSTR - Sharpe Ratio Comparison

The current ALIT Sharpe Ratio is -1.10, which is comparable to the MSTR Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of ALIT and MSTR, 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

	ALIT	MSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.10	-0.94	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.78	0.24	-1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.73	0.12	-0.86

Drawdowns

ALIT vs. MSTR - Drawdown Comparison

The maximum ALIT drawdown since its inception was -96.05%, roughly equal to the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ALIT and MSTR.

Drawdown Indicators

	ALIT	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-96.05%	-99.86%	+3.81%
Max Drawdown (1Y) Largest decline over 1 year	-91.57%	-76.53%	-15.04%
Max Drawdown (3Y) Largest decline over 3 years	-95.03%	-77.42%	-17.61%
Max Drawdown (5Y) Largest decline over 5 years	-96.05%	-84.11%	-11.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-89.27%	—
Current Drawdown Current decline from peak	-94.17%	-72.70%	-21.47%
Average Drawdown Average peak-to-trough decline	-38.95%	-86.48%	+47.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.03%	51.79%	+11.24%

Volatility

ALIT vs. MSTR - Volatility Comparison

Alight, Inc. (ALIT) has a higher volatility of 35.04% compared to Strategy Inc (MSTR) at 19.54%. This indicates that ALIT's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALIT	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.04%	19.54%	+15.50%
Volatility (6M) Calculated over the trailing 6-month period	76.59%	56.24%	+20.35%
Volatility (1Y) Calculated over the trailing 1-year period	78.55%	70.20%	+8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.35%	90.80%	-38.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.09%	73.69%	-24.60%

Dividends

ALIT vs. MSTR - Dividend Comparison

ALIT's dividend yield for the trailing twelve months is around 11.05%, while MSTR has not paid dividends to shareholders.

Position	TTM	2025	2024
ALIT Alight, Inc.	11.05%	8.21%	0.58%
MSTR Strategy Inc	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ALIT and MSTR in my portfolio?

ALIT and MSTR have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALIT or MSTR?

ALIT has higher volatility (35.04%) compared to MSTR (19.54%). In terms of maximum drawdown, ALIT dropped -96.05% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

MSTR currently has the higher Sharpe Ratio (-0.94 vs -1.10), 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.