ALL vs. ULTA

Last updated Jun 9, 2026

ALL (The Allstate Corporation) and ULTA (Ulta Beauty, Inc.) are both stocks. ALL operates in Insurance - Property & Casualty (Financial Services), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, ALL returned 14.79%/yr vs 6.79%/yr for ULTA. At a 0.30 correlation, their price movements are largely independent.

Performance

ALL vs. ULTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Allstate Corporation (ALL) and Ulta Beauty, Inc. (ULTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALL achieves a 4.37% return, which is significantly higher than ULTA's -23.51% return. Over the past 10 years, ALL has outperformed ULTA with an annualized return of 14.79%, while ULTA has yielded a comparatively lower 6.79% annualized return.

ALL

• 1D: -2.71%
• 1M: 1.41%
• YTD: 4.37%
• 6M: 8.15%
• 1Y: 5.93%
• 3Y*: 27.04%
• 5Y*: 12.75%
• 10Y*: 14.79%

ULTA

• 1D: -0.91%
• 1M: -11.27%
• YTD: -23.51%
• 6M: -21.47%
• 1Y: -0.61%
• 3Y*: 2.99%
• 5Y*: 6.83%
• 10Y*: 6.79%

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

ALL vs. ULTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALL The Allstate Corporation	4.37%	10.09%	40.61%	6.37%	18.37%	9.86%	-0.12%	38.82%	-19.52%	43.64%
ULTA Ulta Beauty, Inc.	-23.51%	39.11%	-11.24%	4.46%	13.76%	43.59%	13.44%	3.39%	9.47%	-12.27%

Correlation

The correlation between ALL and ULTA is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007	0.30

Over the past year, the correlation between ALL and ULTA has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Fundamentals

Market Cap ALL : $56.46B ULTA : $20.35B
EPS ALL : $45.76 ULTA : $26.57
PE Ratio ALL : 4.70 ULTA : 17.42
PEG Ratio ALL : 0.13 ULTA : 1.73
PS Ratio ALL : 0.85 ULTA : 1.63
PB Ratio ALL : 1.91 ULTA : 7.88
Total Revenue (TTM) ALL : $67.14B ULTA : $12.71B
Gross Profit (TTM) ALL : $19.06B ULTA : $5.00B
EBITDA (TTM) ALL : $13.09B ULTA : $1.81B

Return for Risk

ALL vs. ULTA — Risk / Return Rank

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

ALL

ALL Risk / Return Rank: 49
ALL Sharpe Ratio Rank: 51
ALL Sortino Ratio Rank: 44
ALL Omega Ratio Rank: 43
ALL Calmar Ratio Rank: 54
ALL Martin Ratio Rank: 56

ULTA

ULTA Risk / Return Rank: 39
ULTA Sharpe Ratio Rank: 41
ULTA Sortino Ratio Rank: 36
ULTA Omega Ratio Rank: 36
ULTA Calmar Ratio Rank: 42
ULTA Martin Ratio Rank: 41

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.

ALL vs. ULTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Allstate Corporation (ALL) and Ulta Beauty, Inc. (ULTA). 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.

	ALL	ULTA	Difference
Sharpe ratio: Return per unit of total volatility	0.25	-0.02	+0.27
Sortino ratio: Return per unit of downside risk	0.51	0.21	+0.30
Omega ratio: Gain probability vs. loss probability	1.06	1.03	+0.03
Calmar ratio: Return relative to maximum drawdown	0.52	-0.02	+0.54
Martin ratio: Return relative to average drawdown	1.33	-0.05	+1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALL vs. ULTA - Sharpe Ratio Comparison

The current ALL Sharpe Ratio is 0.25, which is higher than the ULTA Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of ALL and ULTA, 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

	ALL	ULTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	-0.02	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.20	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.18	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.35	+0.02

Drawdowns

ALL vs. ULTA - Drawdown Comparison

The maximum ALL drawdown since its inception was -77.03%, smaller than the maximum ULTA drawdown of -87.89%. Use the drawdown chart below to compare losses from any high point for ALL and ULTA.

Drawdown Indicators

	ALL	ULTA	Difference
Max Drawdown Largest peak-to-trough decline	-77.03%	-87.89%	+10.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-34.56%	+23.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-44.56%	+30.45%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-44.56%	+17.21%
Max Drawdown (10Y) Largest decline over 10 years	-41.39%	-64.92%	+23.53%
Current Drawdown Current decline from peak	-3.75%	-34.52%	+30.77%
Average Drawdown Average peak-to-trough decline	-16.44%	-20.80%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	13.51%	-8.70%

Volatility

ALL vs. ULTA - Volatility Comparison

The current volatility for The Allstate Corporation (ALL) is 8.09%, while Ulta Beauty, Inc. (ULTA) has a volatility of 9.07%. This indicates that ALL experiences smaller price fluctuations and is considered to be less risky than ULTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALL	ULTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.07%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	17.07%	27.67%	-10.60%
Volatility (1Y) Calculated over the trailing 1-year period	23.82%	33.25%	-9.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	34.25%	-8.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.94%	38.32%	-13.38%

Dividends

ALL vs. ULTA - Dividend Comparison

ALL's dividend yield for the trailing twelve months is around 2.40%, while ULTA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALL The Allstate Corporation	2.40%	1.92%	1.91%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%
ULTA Ulta Beauty, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

ALL vs. ULTA - Profitability Comparison

The chart below illustrates the profitability comparison between The Allstate Corporation and Ulta Beauty, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a gross profit of 0.00 and revenue of 16.94B. Therefore, the gross margin over that period was 0.0%.

ULTA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.

ALL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported an operating income of 0.00 and revenue of 16.94B, resulting in an operating margin of 0.0%.

ULTA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.

ALL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a net income of 2.46B and revenue of 16.94B, resulting in a net margin of 14.5%.

ULTA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.

Frequently Asked Questions

Can I hold both ALL and ULTA in my portfolio?

ALL and ULTA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALL or ULTA?

ULTA has higher volatility (9.07%) compared to ALL (8.09%). In terms of maximum drawdown, ALL dropped -77.03% vs ULTA's -87.89%.

Which has better risk-adjusted returns?

ALL currently has the higher Sharpe Ratio (0.25 vs -0.02), 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.