ATAT vs. DLO
ATAT (Atour Lifestyle Holdings Limited) and DLO (DLocal Limited) are both stocks. ATAT operates in Lodging (Consumer Cyclical), while DLO operates in Software - Infrastructure (Technology). Over the past 3 years, ATAT returned 23.76%/yr vs 7.48%/yr for DLO. At a 0.18 correlation, their price movements are largely independent.
Performance
ATAT vs. DLO - Performance Comparison
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Returns By Period
In the year-to-date period, ATAT achieves a -16.93% return, which is significantly lower than DLO's 9.23% return.
ATAT
- 1D
- 1.74%
- 1M
- -3.48%
- 6M
- -17.43%
- YTD
- -16.93%
- 1Y
- -6.92%
- 3Y*
- 23.76%
- 5Y*
- —
- 10Y*
- —
DLO
- 1D
- 4.26%
- 1M
- 23.10%
- 6M
- 7.78%
- YTD
- 9.23%
- 1Y
- 40.67%
- 3Y*
- 7.48%
- 5Y*
- -20.08%
- 10Y*
- —
ATAT vs. DLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ATAT Atour Lifestyle Holdings Limited | -16.93% | 49.78% | 58.43% | -2.92% | 16.26% |
DLO DLocal Limited | 9.23% | 31.72% | -36.35% | 13.62% | -28.12% |
Correlation
The correlation between ATAT and DLO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022 | 0.18 |
Fundamentals
ATAT:
$4.45B
DLO:
$4.46B
ATAT:
CN¥13.16
DLO:
$0.64
ATAT:
16.60
DLO:
23.71
ATAT:
0.10
DLO:
0.74
ATAT:
2.86
DLO:
3.76
ATAT:
8.23
DLO:
8.23
ATAT:
CN¥10.65B
DLO:
$1.21B
ATAT:
CN¥4.63B
DLO:
$436.56M
ATAT:
CN¥2.46B
DLO:
$280.42M
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Return for Risk
ATAT vs. DLO — Risk / Return Rank
ATAT
DLO
ATAT vs. DLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Atour Lifestyle Holdings Limited (ATAT) and DLocal Limited (DLO). 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.
| ATAT | DLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.17 | -1.50 |
| Martin ratioReturn relative to average drawdown | -0.71 | 2.33 | -3.04 |
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Drawdowns
ATAT vs. DLO - Drawdown Comparison
The maximum ATAT drawdown since its inception was -46.91%, smaller than the maximum DLO drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for ATAT and DLO.
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Drawdown Indicators
| ATAT | DLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.91% | -89.99% | +43.08% |
Max Drawdown (1Y)Largest decline over 1 year | -25.32% | -30.45% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | -68.59% | +37.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.99% | — |
Current DrawdownCurrent decline from peak | -23.69% | -76.52% | +52.83% |
Average DrawdownAverage peak-to-trough decline | -20.14% | -70.30% | +50.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.87% | 15.34% | -3.47% |
Volatility
ATAT vs. DLO - Volatility Comparison
The current volatility for Atour Lifestyle Holdings Limited (ATAT) is 9.00%, while DLocal Limited (DLO) has a volatility of 15.39%. This indicates that ATAT experiences smaller price fluctuations and is considered to be less risky than DLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATAT | DLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.00% | 15.39% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 27.89% | 36.05% | -8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.60% | 56.14% | -18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.52% | 73.39% | -14.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.52% | 73.52% | -15.00% |
Dividends
ATAT vs. DLO - Dividend Comparison
ATAT's dividend yield for the trailing twelve months is around 2.79%, more than DLO's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ATAT Atour Lifestyle Holdings Limited | 2.79% | 1.98% | 1.67% | 0.86% |
DLO DLocal Limited | 1.28% | 3.71% | 0.00% | 0.00% |
Financials
ATAT vs. DLO - Financials Comparison
This section allows you to compare key financial metrics between Atour Lifestyle Holdings Limited and DLocal Limited. 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
ATAT vs. DLO - Profitability Comparison
ATAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported a gross profit of 1.16B and revenue of 2.79B. Therefore, the gross margin over that period was 41.4%.
DLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a gross profit of 118.68M and revenue of 335.86M. Therefore, the gross margin over that period was 35.3%.
ATAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported an operating income of 568.24M and revenue of 2.79B, resulting in an operating margin of 20.3%.
DLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported an operating income of 53.55M and revenue of 335.86M, resulting in an operating margin of 15.9%.
ATAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported a net income of 460.55M and revenue of 2.79B, resulting in a net margin of 16.5%.
DLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a net income of 41.98M and revenue of 335.86M, resulting in a net margin of 12.5%.
Frequently Asked Questions
ATAT and DLO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLO has higher volatility (15.39%) compared to ATAT (9.00%). In terms of maximum drawdown, ATAT dropped -46.91% vs DLO's -89.99%.
DLO currently has the higher Sharpe Ratio (0.64 vs -0.22), 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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