ALLE vs. SPY
ALLE (Allegion plc) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ALLE returned 9.83%/yr vs 15.09%/yr for SPY. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
ALLE vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, ALLE achieves a 2.10% return, which is significantly lower than SPY's 11.70% return. Over the past 10 years, ALLE has underperformed SPY with an annualized return of 9.83%, while SPY has yielded a comparatively higher 15.09% annualized return.
ALLE
- 1D
- 2.47%
- 1M
- 14.72%
- 6M
- -1.79%
- YTD
- 2.10%
- 1Y
- -0.96%
- 3Y*
- 14.63%
- 5Y*
- 5.08%
- 10Y*
- 9.83%
- ALL TIME*
- 10.91%
SPY
- 1D
- 1.42%
- 1M
- 1.73%
- 6M
- 9.53%
- YTD
- 11.70%
- 1Y
- 23.22%
- 3Y*
- 20.74%
- 5Y*
- 13.05%
- 10Y*
- 15.09%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ALLE Allegion plc | $258.17M | $212.18M | $168.39M |
| $38.19B | $36.17B | $39.59B |
ALLE vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALLE Allegion plc | 2.10% | 23.54% | 4.66% | 22.32% | -19.26% | 15.06% | -5.41% | 57.89% | 1.18% | 25.32% |
SPY State Street SPDR S&P 500 ETF | 11.70% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between ALLE and SPY is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2013 | 0.59 |
Over the past year, the correlation between ALLE and SPY has dropped to 0.33 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
ALLE vs. SPY — Risk / Return Rank
ALLE
SPY
ALLE vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegion plc (ALLE) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALLE | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.62 | -2.66 |
| Martin ratioReturn relative to average drawdown | -0.06 | 11.20 | -11.26 |
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Drawdowns
ALLE vs. SPY - Drawdown Comparison
The maximum ALLE drawdown since its inception was -43.25%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ALLE and SPY.
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Drawdown Indicators
| ALLE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.25% | -55.19% | +11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -29.84% | -8.88% | -20.96% |
Max Drawdown (3Y)Largest decline over 3 years | -29.84% | -18.76% | -11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -38.87% | -24.50% | -14.37% |
Max Drawdown (10Y)Largest decline over 10 years | -43.25% | -33.72% | -9.53% |
Current DrawdownCurrent decline from peak | -9.57% | 0.00% | -9.57% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -9.01% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.32% | 2.08% | +13.24% |
Volatility
ALLE vs. SPY - Volatility Comparison
Allegion plc (ALLE) has a higher volatility of 12.10% compared to State Street SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that ALLE'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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Volatility by Period
| ALLE | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 3.84% | +8.26% |
Volatility (6M)Calculated over the trailing 6-month period | 23.69% | 10.23% | +13.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 12.87% | +14.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.65% | 17.19% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.07% | 17.96% | +9.11% |
Dividends
ALLE vs. SPY - Dividend Comparison
ALLE's dividend yield for the trailing twelve months is around 1.31%, more than SPY's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALLE Allegion plc | 1.31% | 1.28% | 1.47% | 1.42% | 1.56% | 1.09% | 1.10% | 0.87% | 1.05% | 0.80% | 0.75% | 0.61% |
SPY State Street SPDR S&P 500 ETF | 0.99% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
ALLE and SPY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALLE has higher volatility (12.10%) compared to SPY (3.84%). In terms of maximum drawdown, ALLE dropped -43.25% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.82 vs -0.04), 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.
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