ALVO vs. REMX
ALVO (Alvotech) is a stock, while REMX (VanEck Rare Earth and Strategic Metals ETF) is Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Over the past 3 years, ALVO returned -29.53%/yr vs -2.80%/yr for REMX. At a 0.11 correlation, their price movements are largely independent.
Performance
ALVO vs. REMX - Performance Comparison
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Returns By Period
In the year-to-date period, ALVO achieves a -34.11% return, which is significantly lower than REMX's 3.18% return.
ALVO
- 1D
- 3.05%
- 1M
- -18.94%
- 6M
- -31.44%
- YTD
- -34.11%
- 1Y
- -60.33%
- 3Y*
- -29.53%
- 5Y*
- —
- 10Y*
- —
REMX
- 1D
- -4.38%
- 1M
- -20.14%
- 6M
- -14.15%
- YTD
- 3.18%
- 1Y
- 67.59%
- 3Y*
- -2.80%
- 5Y*
- -2.21%
- 10Y*
- 6.60%
ALVO vs. REMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ALVO Alvotech | -34.11% | -61.22% | 15.24% | 14.80% | 5.26% |
REMX VanEck Rare Earth and Strategic Metals ETF | 3.18% | 92.95% | -35.02% | -19.18% | -15.07% |
Correlation
The correlation between ALVO and REMX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.11 |
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Return for Risk
ALVO vs. REMX — Risk / Return Rank
ALVO
REMX
ALVO vs. REMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alvotech (ALVO) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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.
| ALVO | REMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.24 | -3.11 |
| Martin ratioReturn relative to average drawdown | -1.26 | 6.58 | -7.84 |
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Drawdowns
ALVO vs. REMX - Drawdown Comparison
The maximum ALVO drawdown since its inception was -82.63%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for ALVO and REMX.
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Drawdown Indicators
| ALVO | REMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.63% | -90.20% | +7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -69.42% | -30.37% | -39.05% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -61.39% | -21.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.34% | — |
Current DrawdownCurrent decline from peak | -80.43% | -65.08% | -15.35% |
Average DrawdownAverage peak-to-trough decline | -38.12% | -66.80% | +28.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.02% | 10.30% | +37.72% |
Volatility
ALVO vs. REMX - Volatility Comparison
Alvotech (ALVO) has a higher volatility of 16.14% compared to VanEck Rare Earth and Strategic Metals ETF (REMX) at 14.22%. This indicates that ALVO's price experiences larger fluctuations and is considered to be riskier than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVO | REMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.14% | 14.22% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 48.36% | 37.06% | +11.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.53% | 49.55% | +22.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.40% | 40.65% | +20.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.40% | 37.19% | +24.21% |
Dividends
ALVO vs. REMX - Dividend Comparison
ALVO has not paid dividends to shareholders, while REMX's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVO Alvotech | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.71% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
ALVO and REMX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALVO has higher volatility (16.14%) compared to REMX (14.22%). In terms of maximum drawdown, ALVO dropped -82.63% vs REMX's -90.20%.
REMX currently has the higher Sharpe Ratio (1.37 vs -0.84), 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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