CLOV vs. ALHC
CLOV (Clover Health Investments, Corp.) and ALHC (Alignment Healthcare Holdings, LLC) are both stocks. Both operate in the Healthcare Plans industry within the Healthcare sector. Over the past 5 years, CLOV returned -16.04%/yr vs -10.26%/yr for ALHC. At a 0.33 correlation, their price movements are largely independent.
Performance
CLOV vs. ALHC - Performance Comparison
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Returns By Period
In the year-to-date period, CLOV achieves a 58.72% return, which is significantly higher than ALHC's -30.94% return.
CLOV
- 1D
- -4.85%
- 1M
- 37.64%
- YTD
- 58.72%
- 6M
- 49.80%
- 1Y
- 17.67%
- 3Y*
- 61.60%
- 5Y*
- -16.04%
- 10Y*
- —
ALHC
- 1D
- 2.56%
- 1M
- -32.68%
- YTD
- -30.94%
- 6M
- -28.55%
- 1Y
- -12.06%
- 3Y*
- 29.23%
- 5Y*
- -10.26%
- 10Y*
- —
CLOV vs. ALHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLOV Clover Health Investments, Corp. | 58.72% | -25.40% | 230.85% | 2.43% | -75.01% | -50.99% |
ALHC Alignment Healthcare Holdings, LLC | -30.94% | 75.56% | 30.66% | -26.79% | -16.36% | -18.78% |
Correlation
The correlation between CLOV and ALHC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021 | 0.33 |
Fundamentals
CLOV:
$1.95B
ALHC:
$2.91B
CLOV:
-$0.11
ALHC:
$0.10
CLOV:
0.87
ALHC:
0.66
CLOV:
5.74
ALHC:
14.05
CLOV:
$2.21B
ALHC:
$4.26B
CLOV:
$939.14M
ALHC:
$365.25M
CLOV:
-$55.21M
ALHC:
$66.34M
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Return for Risk
CLOV vs. ALHC — Risk / Return Rank
CLOV
ALHC
CLOV vs. ALHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clover Health Investments, Corp. (CLOV) and Alignment Healthcare Holdings, LLC (ALHC). 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.
| CLOV | ALHC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | -0.25 | +0.51 |
Sortino ratioReturn per unit of downside risk | 0.88 | -0.02 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.26 | +0.59 |
Martin ratioReturn relative to average drawdown | 0.62 | -0.79 | +1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLOV | ALHC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.25 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | -0.16 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -0.07 | -0.11 |
Drawdowns
CLOV vs. ALHC - Drawdown Comparison
The maximum CLOV drawdown since its inception was -97.19%, which is greater than ALHC's maximum drawdown of -83.61%. Use the drawdown chart below to compare losses from any high point for CLOV and ALHC.
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Drawdown Indicators
| CLOV | ALHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.19% | -83.61% | -13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -55.50% | -44.14% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -64.73% | -50.33% | -14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -97.19% | -83.61% | -13.58% |
Current DrawdownCurrent decline from peak | -83.16% | -49.98% | -33.18% |
Average DrawdownAverage peak-to-trough decline | -76.62% | -52.24% | -24.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.54% | 14.34% | +16.20% |
Volatility
CLOV vs. ALHC - Volatility Comparison
Clover Health Investments, Corp. (CLOV) has a higher volatility of 22.50% compared to Alignment Healthcare Holdings, LLC (ALHC) at 20.82%. This indicates that CLOV's price experiences larger fluctuations and is considered to be riskier than ALHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOV | ALHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.50% | 20.82% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 39.35% | 39.73% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.61% | 49.12% | +19.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.12% | 62.57% | +25.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.66% | 62.93% | +22.73% |
Dividends
CLOV vs. ALHC - Dividend Comparison
Neither CLOV nor ALHC has paid dividends to shareholders.
Financials
CLOV vs. ALHC - Financials Comparison
This section allows you to compare key financial metrics between Clover Health Investments, Corp. and Alignment Healthcare Holdings, LLC. 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
CLOV vs. ALHC - Profitability Comparison
CLOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported a gross profit of 692.13M and revenue of 749.19M. Therefore, the gross margin over that period was 92.4%.
ALHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alignment Healthcare Holdings, LLC reported a gross profit of 0.00 and revenue of 1.24B. Therefore, the gross margin over that period was 0.0%.
CLOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported an operating income of 27.33M and revenue of 749.19M, resulting in an operating margin of 3.7%.
ALHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alignment Healthcare Holdings, LLC reported an operating income of 15.50M and revenue of 1.24B, resulting in an operating margin of 1.3%.
CLOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clover Health Investments, Corp. reported a net income of 27.33M and revenue of 749.19M, resulting in a net margin of 3.7%.
ALHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alignment Healthcare Holdings, LLC reported a net income of 11.42M and revenue of 1.24B, resulting in a net margin of 0.9%.
Frequently Asked Questions
CLOV and ALHC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLOV has higher volatility (22.50%) compared to ALHC (20.82%). In terms of maximum drawdown, CLOV dropped -97.19% vs ALHC's -83.61%.
CLOV currently has the higher Sharpe Ratio (0.26 vs -0.25), 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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