ALVO vs. URA
ALVO (Alvotech) is a stock, while URA (Global X Uranium ETF) is Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. Over the past 3 years, ALVO returned -21.16%/yr vs 34.68%/yr for URA. At a 0.19 correlation, their price movements are largely independent.
Performance
ALVO vs. URA - 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 URA's 6.67% return.
ALVO
- 1D
- 1.37%
- 1M
- 10.78%
- YTD
- -27.88%
- 6M
- -23.08%
- 1Y
- -59.47%
- 3Y*
- -21.16%
- 5Y*
- —
- 10Y*
- —
URA
- 1D
- -2.61%
- 1M
- -6.90%
- YTD
- 6.67%
- 6M
- 2.57%
- 1Y
- 27.21%
- 3Y*
- 34.68%
- 5Y*
- 20.40%
- 10Y*
- 16.42%
ALVO vs. URA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ALVO Alvotech | -27.88% | -61.22% | 15.24% | 14.80% | 5.26% |
URA Global X Uranium ETF | 6.67% | 67.18% | -0.58% | 46.25% | 1.70% |
Correlation
The correlation between ALVO and URA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.19 |
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Return for Risk
ALVO vs. URA — Risk / Return Rank
ALVO
URA
ALVO vs. URA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alvotech (ALVO) and Global X Uranium ETF (URA). 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 | URA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.13 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.87 | -1.73 |
| Martin ratioReturn relative to average drawdown | -1.30 | 1.87 | -3.17 |
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Drawdowns
ALVO vs. URA - Drawdown Comparison
The maximum ALVO drawdown since its inception was -82.63%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for ALVO and URA.
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Drawdown Indicators
| ALVO | URA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.63% | -93.54% | +10.91% |
Max Drawdown (1Y)Largest decline over 1 year | -69.42% | -31.48% | -37.94% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -37.81% | -44.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | -78.58% | -48.27% | -30.31% |
Average DrawdownAverage peak-to-trough decline | -37.58% | -74.90% | +37.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.79% | 14.58% | +31.21% |
Volatility
ALVO vs. URA - Volatility Comparison
Alvotech (ALVO) has a higher volatility of 30.87% compared to Global X Uranium ETF (URA) at 17.86%. This indicates that ALVO's price experiences larger fluctuations and is considered to be riskier than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALVO | URA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.87% | 17.86% | +13.01% |
Volatility (6M)Calculated over the trailing 6-month period | 49.31% | 39.53% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.92% | 51.33% | +20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.55% | 43.92% | +17.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.55% | 37.95% | +23.60% |
Dividends
ALVO vs. URA - Dividend Comparison
ALVO has not paid dividends to shareholders, while URA's dividend yield for the trailing twelve months is around 4.57%.
| 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% |
URA Global X Uranium ETF | 4.57% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
Frequently Asked Questions
ALVO and URA have a correlation of 0.22, 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 URA (17.86%). In terms of maximum drawdown, ALVO dropped -82.63% vs URA's -93.54%.
URA currently has the higher Sharpe Ratio (0.53 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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