ALV vs. MCK
ALV (Autoliv, Inc.) and MCK (McKesson Corporation) are both stocks. ALV operates in Auto Parts (Consumer Cyclical), while MCK operates in Medical Distribution (Healthcare). Over the past 10 years, ALV returned 6.43%/yr vs 15.65%/yr for MCK. At a 0.25 correlation, their price movements are largely independent.
Performance
ALV vs. MCK - Performance Comparison
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Returns By Period
In the year-to-date period, ALV achieves a 11.57% return, which is significantly higher than MCK's -9.67% return. Over the past 10 years, ALV has underperformed MCK with an annualized return of 6.43%, while MCK has yielded a comparatively higher 15.65% annualized return.
ALV
- 1D
- -0.96%
- 1M
- 14.60%
- YTD
- 11.57%
- 6M
- 10.56%
- 1Y
- 30.86%
- 3Y*
- 18.61%
- 5Y*
- 6.79%
- 10Y*
- 6.43%
MCK
- 1D
- 0.37%
- 1M
- -8.36%
- YTD
- -9.67%
- 6M
- -8.00%
- 1Y
- 3.87%
- 3Y*
- 24.32%
- 5Y*
- 31.27%
- 10Y*
- 15.65%
ALV vs. MCK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALV Autoliv, Inc. | 11.57% | 30.24% | -12.72% | 47.99% | -23.47% | 14.50% | 9.99% | 24.32% | -21.57% | 14.81% |
MCK McKesson Corporation | -9.67% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
Correlation
The correlation between ALV and MCK is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 1997 | 0.25 |
The correlation between ALV and MCK shifts across timeframes, from -0.01 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ALV:
$9.79B
MCK:
$90.74B
ALV:
$9.32
MCK:
$38.38
ALV:
14.00
MCK:
19.27
ALV:
0.74
MCK:
0.26
ALV:
0.90
MCK:
0.23
ALV:
3.72
MCK:
13.12
ALV:
$10.99B
MCK:
$403.43B
ALV:
$2.12B
MCK:
$14.55B
ALV:
$1.38B
MCK:
$6.91B
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Return for Risk
ALV vs. MCK — Risk / Return Rank
ALV
MCK
ALV vs. MCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Autoliv, Inc. (ALV) and McKesson Corporation (MCK). 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.
| ALV | MCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.06 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.14 | +1.27 |
| Martin ratioReturn relative to average drawdown | 3.94 | 0.40 | +3.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALV | MCK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.13 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.30 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.55 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.44 | -0.20 |
Drawdowns
ALV vs. MCK - Drawdown Comparison
The maximum ALV drawdown since its inception was -79.72%, roughly equal to the maximum MCK drawdown of -82.84%. Use the drawdown chart below to compare losses from any high point for ALV and MCK.
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Drawdown Indicators
| ALV | MCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.72% | -82.84% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -21.96% | -27.17% | +5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -39.27% | -27.17% | -12.10% |
Max Drawdown (5Y)Largest decline over 5 years | -39.27% | -27.17% | -12.10% |
Max Drawdown (10Y)Largest decline over 10 years | -63.09% | -44.23% | -18.86% |
Current DrawdownCurrent decline from peak | -0.96% | -25.64% | +24.68% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -28.65% | +7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.85% | 9.74% | -1.89% |
Volatility
ALV vs. MCK - Volatility Comparison
Autoliv, Inc. (ALV) and McKesson Corporation (MCK) have volatilities of 9.25% and 9.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALV | MCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 9.60% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 22.90% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.68% | 28.91% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.99% | 24.16% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.89% | 28.80% | +5.09% |
Dividends
ALV vs. MCK - Dividend Comparison
ALV's dividend yield for the trailing twelve months is around 2.65%, more than MCK's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALV Autoliv, Inc. | 2.65% | 2.63% | 2.92% | 2.41% | 3.37% | 1.82% | 0.67% | 2.94% | 3.02% | 1.87% | 2.03% | 1.78% |
MCK McKesson Corporation | 0.44% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
Financials
ALV vs. MCK - Financials Comparison
This section allows you to compare key financial metrics between Autoliv, Inc. and McKesson Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALV vs. MCK - Profitability Comparison
ALV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Autoliv, Inc. reported a gross profit of 526.00M and revenue of 2.75B. Therefore, the gross margin over that period was 19.1%.
MCK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.
ALV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Autoliv, Inc. reported an operating income of 237.00M and revenue of 2.75B, resulting in an operating margin of 8.6%.
MCK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.
ALV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Autoliv, Inc. reported a net income of 142.00M and revenue of 2.75B, resulting in a net margin of 5.2%.
MCK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.
Frequently Asked Questions
ALV and MCK have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCK has higher volatility (9.60%) compared to ALV (9.25%). In terms of maximum drawdown, ALV dropped -79.72% vs MCK's -82.84%.
ALV currently has the higher Sharpe Ratio (1.16 vs 0.13), 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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