ALKS vs. TARS

Last updated Apr 1, 2026

Compare and contrast key facts about Alkermes plc (ALKS) and Tarsus Pharmaceuticals, Inc. (TARS).

Performance

ALKS vs. TARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alkermes plc (ALKS) and Tarsus Pharmaceuticals, Inc. (TARS). The values are adjusted to include any dividend payments, if applicable.

ALKS vs. TARS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ALKS Alkermes plc	26.38%	-2.71%	3.68%	6.16%	12.34%	16.59%	16.46%
TARS Tarsus Pharmaceuticals, Inc.	-14.33%	47.88%	173.43%	38.13%	-34.84%	-45.56%	100.83%

Fundamentals

Market Cap ALKS : $5.97B TARS : $3.00B
EPS ALKS : $1.43 TARS : -$1.56
PS Ratio ALKS : 4.04 TARS : 6.62
PB Ratio ALKS : 3.28 TARS : 8.74
Total Revenue (TTM) ALKS : $1.48B TARS : $451.36M
Gross Profit (TTM) ALKS : $1.85B TARS : $420.68M
EBITDA (TTM) ALKS : $253.96M TARS : -$60.20M

Returns By Period

In the year-to-date period, ALKS achieves a 26.38% return, which is significantly higher than TARS's -14.33% return.

ALKS

• 1D: 17.28%
• 1M: 17.48%
• YTD: 26.38%
• 6M: 17.87%
• 1Y: 7.09%
• 3Y*: 7.85%
• 5Y*: 13.05%
• 10Y*: -0.09%

TARS

• 1D: 4.83%
• 1M: -7.11%
• YTD: -14.33%
• 6M: 18.04%
• 1Y: 36.56%
• 3Y*: 77.38%
• 5Y*: 16.33%
• 10Y*: —

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

Return for Risk

ALKS vs. TARS — Risk / Return Rank

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

ALKS

ALKS Risk / Return Rank: 46
ALKS Sharpe Ratio Rank: 48
ALKS Sortino Ratio Rank: 44
ALKS Omega Ratio Rank: 43
ALKS Calmar Ratio Rank: 49
ALKS Martin Ratio Rank: 47

TARS

TARS Risk / Return Rank: 67
TARS Sharpe Ratio Rank: 69
TARS Sortino Ratio Rank: 67
TARS Omega Ratio Rank: 62
TARS Calmar Ratio Rank: 69
TARS Martin Ratio Rank: 65

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.

ALKS vs. TARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alkermes plc (ALKS) and Tarsus Pharmaceuticals, Inc. (TARS). 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.

	ALKS	TARS	Difference
Sharpe ratio Return per unit of total volatility	0.18	0.81	-0.63
Sortino ratio Return per unit of downside risk	0.55	1.46	-0.91
Omega ratio Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio Return relative to maximum drawdown	0.29	1.35	-1.06
Martin ratio Return relative to average drawdown	0.51	2.68	-2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALKS vs. TARS - Sharpe Ratio Comparison

The current ALKS Sharpe Ratio is 0.18, which is lower than the TARS Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of ALKS and TARS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALKS	TARS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	0.81	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.27	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.39	-0.30

Correlation

The correlation between ALKS and TARS is 0.24, 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.

Dividends

ALKS vs. TARS - Dividend Comparison

Neither ALKS nor TARS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ALKS vs. TARS - Drawdown Comparison

The maximum ALKS drawdown since its inception was -96.14%, which is greater than TARS's maximum drawdown of -77.67%. Use the drawdown chart below to compare losses from any high point for ALKS and TARS.

Drawdown Indicators

	ALKS	TARS	Difference
Max Drawdown Largest peak-to-trough decline	-96.14%	-77.67%	-18.47%
Max Drawdown (1Y) Largest decline over 1 year	-22.20%	-26.34%	+4.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.18%	-71.29%	+38.11%
Max Drawdown (10Y) Largest decline over 10 years	-80.58%	—	—
Current Drawdown Current decline from peak	-63.94%	-14.98%	-48.96%
Average Drawdown Average peak-to-trough decline	-67.27%	-41.22%	-26.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.67%	13.30%	-0.63%

Volatility

ALKS vs. TARS - Volatility Comparison

Alkermes plc (ALKS) has a higher volatility of 18.64% compared to Tarsus Pharmaceuticals, Inc. (TARS) at 11.44%. This indicates that ALKS's price experiences larger fluctuations and is considered to be riskier than TARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALKS	TARS	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.64%	11.44%	+7.20%
Volatility (6M) Calculated over the trailing 6-month period	30.05%	30.30%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	40.45%	45.38%	-4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.83%	59.97%	-23.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.37%	64.52%	-23.15%

Financials