ASTS vs. ARLP

Last updated Jun 24, 2026

ASTS (AST SpaceMobile, Inc.) and ARLP (Alliance Resource Partners, L.P.) are both stocks. ASTS operates in Communication Equipment (Technology), while ARLP operates in Thermal Coal (Energy). Over the past 5 years, ASTS returned 49.71%/yr vs 41.47%/yr for ARLP. At a 0.11 correlation, their price movements are largely independent.

Performance

ASTS vs. ARLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AST SpaceMobile, Inc. (ASTS) and Alliance Resource Partners, L.P. (ARLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASTS achieves a 0.33% return, which is significantly lower than ARLP's 10.94% return.

ASTS

• 1D: -0.44%
• 1M: -31.16%
• YTD: 0.33%
• 6M: -14.94%
• 1Y: 45.16%
• 3Y*: 119.93%
• 5Y*: 49.71%
• 10Y*: —

ARLP

• 1D: 0.57%
• 1M: -1.33%
• YTD: 10.94%
• 6M: 9.57%
• 1Y: 4.85%
• 3Y*: 24.03%
• 5Y*: 41.47%
• 10Y*: 14.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASTS vs. ARLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASTS AST SpaceMobile, Inc.	0.33%	244.22%	249.92%	25.10%	-39.29%	-31.73%
ARLP Alliance Resource Partners, L.P.	10.94%	-2.45%	39.91%	18.83%	73.34%	122.31%

Correlation

The correlation between ASTS and ARLP 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	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021	0.11

Fundamentals

Market Cap ASTS : $21.18B ARLP : $3.16B
EPS ASTS : -$1.84 ARLP : $72.64
PS Ratio ASTS : 227.68 ARLP : 0.01
PB Ratio ASTS : 7.96 ARLP : 1.53
Total Revenue (TTM) ASTS : $84.94M ARLP : $517.67B
Gross Profit (TTM) ASTS : -$22.93M ARLP : $353.56M
EBITDA (TTM) ASTS : -$536.80M ARLP : $82.91B

Return for Risk

ASTS vs. ARLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASTS

ASTS Risk / Return Rank: 60
ASTS Sharpe Ratio Rank: 57
ASTS Sortino Ratio Rank: 63
ASTS Omega Ratio Rank: 59
ASTS Calmar Ratio Rank: 62
ASTS Martin Ratio Rank: 61

ARLP

ARLP Risk / Return Rank: 47
ARLP Sharpe Ratio Rank: 51
ARLP Sortino Ratio Rank: 43
ARLP Omega Ratio Rank: 42
ARLP Calmar Ratio Rank: 50
ARLP Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASTS vs. ARLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AST SpaceMobile, Inc. (ASTS) and Alliance Resource Partners, L.P. (ARLP). 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.

	ASTS	ARLP	Difference
Sharpe ratio: Return per unit of total volatility	0.43	0.21	+0.22
Sortino ratio: Return per unit of downside risk	1.33	0.47	+0.86
Omega ratio: Gain probability vs. loss probability	1.15	1.05	+0.10
Calmar ratio: Return relative to maximum drawdown	0.95	0.28	+0.68
Martin ratio: Return relative to average drawdown	1.80	0.50	+1.30

ASTS vs. ARLP - Sharpe Ratio Comparison

The current ASTS Sharpe Ratio is 0.43, which is higher than the ARLP Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of ASTS and ARLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASTS vs. ARLP - Drawdown Comparison

The maximum ASTS drawdown since its inception was -85.57%, smaller than the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for ASTS and ARLP.

Drawdown Indicators

	ASTS	ARLP	Difference
Max Drawdown Largest peak-to-trough decline	-85.57%	-90.52%	+4.95%
Max Drawdown (1Y) Largest decline over 1 year	-47.69%	-17.63%	-30.06%
Max Drawdown (3Y) Largest decline over 3 years	-70.66%	-20.83%	-49.83%
Max Drawdown (5Y) Largest decline over 5 years	-85.57%	-29.13%	-56.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-85.26%	—
Current Drawdown Current decline from peak	-45.25%	-13.28%	-31.97%
Average Drawdown Average peak-to-trough decline	-40.51%	-24.31%	-16.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.19%	9.68%	+15.51%

Volatility

ASTS vs. ARLP - Volatility Comparison

AST SpaceMobile, Inc. (ASTS) has a higher volatility of 41.29% compared to Alliance Resource Partners, L.P. (ARLP) at 7.11%. This indicates that ASTS's price experiences larger fluctuations and is considered to be riskier than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASTS	ARLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.29%	7.11%	+34.18%
Volatility (6M) Calculated over the trailing 6-month period	83.69%	16.51%	+67.18%
Volatility (1Y) Calculated over the trailing 1-year period	105.96%	23.33%	+82.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.64%	33.43%	+76.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.94%	50.19%	+60.75%

Dividends

ASTS vs. ARLP - Dividend Comparison

ASTS has not paid dividends to shareholders, while ARLP's dividend yield for the trailing twelve months is around 9.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARLP Alliance Resource Partners, L.P.	9.78%	11.19%	10.65%	13.22%	7.38%	3.16%	8.93%	19.82%	11.94%	9.54%	8.85%	19.74%
ASTS AST SpaceMobile, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ASTS and ARLP in my portfolio?

ASTS and ARLP 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.

Which is riskier, ASTS or ARLP?

ASTS has higher volatility (41.29%) compared to ARLP (7.11%). In terms of maximum drawdown, ASTS dropped -85.57% vs ARLP's -90.52%.

Which has better risk-adjusted returns?

ASTS currently has the higher Sharpe Ratio (0.43 vs 0.21), 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.