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 -21.16%/yr vs 5.61%/yr for REMX. At a 0.12 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 -27.88% return, which is significantly lower than REMX's 24.22% return.
ALVO
- 1D
- 1.37%
- 1M
- 10.78%
- YTD
- -27.88%
- 6M
- -23.08%
- 1Y
- -59.47%
- 3Y*
- -21.16%
- 5Y*
- —
- 10Y*
- —
REMX
- 1D
- -5.62%
- 1M
- -5.16%
- YTD
- 24.22%
- 6M
- 22.61%
- 1Y
- 139.49%
- 3Y*
- 5.61%
- 5Y*
- 4.37%
- 10Y*
- 10.09%
ALVO vs. REMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ALVO Alvotech | -27.88% | -61.22% | 15.24% | 14.80% | 5.26% |
REMX VanEck Rare Earth and Strategic Metals ETF | 24.22% | 92.95% | -35.02% | -19.18% | -15.07% |
Correlation
The correlation between ALVO and REMX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.12 |
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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 | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.38 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 6.01 | -6.87 |
| Martin ratioReturn relative to average drawdown | -1.30 | 15.83 | -17.13 |
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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% | -23.35% | -46.07% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -62.11% | -20.52% |
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 | -78.58% | -57.95% | -20.63% |
Average DrawdownAverage peak-to-trough decline | -37.58% | -66.82% | +29.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.79% | 8.85% | +36.94% |
Volatility
ALVO vs. REMX - Volatility Comparison
Alvotech (ALVO) has a higher volatility of 30.87% compared to VanEck Rare Earth and Strategic Metals ETF (REMX) at 16.71%. 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 | 30.87% | 16.71% | +14.16% |
Volatility (6M)Calculated over the trailing 6-month period | 49.31% | 37.35% | +11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.92% | 49.97% | +21.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.55% | 40.71% | +20.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.55% | 37.16% | +24.39% |
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 1.42%.
| 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 | 1.42% | 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 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALVO has higher volatility (30.87%) compared to REMX (16.71%). In terms of maximum drawdown, ALVO dropped -82.63% vs REMX's -90.20%.
REMX currently has the higher Sharpe Ratio (2.81 vs -0.83), 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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