DCTH vs. ATAT

Last updated Jun 16, 2026

DCTH (Delcath Systems, Inc.) and ATAT (Atour Lifestyle Holdings Limited) are both stocks. DCTH operates in Medical Devices (Healthcare), while ATAT operates in Lodging (Consumer Cyclical). Over the past 3 years, DCTH returned 23.30%/yr vs 27.19%/yr for ATAT. At a 0.12 correlation, their price movements are largely independent.

Performance

DCTH vs. ATAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delcath Systems, Inc. (DCTH) and Atour Lifestyle Holdings Limited (ATAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCTH achieves a 16.73% return, which is significantly higher than ATAT's -14.45% return.

DCTH

• 1D: 0.60%
• 1M: 6.50%
• YTD: 16.73%
• 6M: 16.96%
• 1Y: -23.14%
• 3Y*: 23.30%
• 5Y*: 0.89%
• 10Y*: —

ATAT

• 1D: -1.95%
• 1M: -11.88%
• YTD: -14.45%
• 6M: -20.58%
• 1Y: 5.24%
• 3Y*: 27.19%
• 5Y*: —
• 10Y*: —

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

DCTH vs. ATAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DCTH Delcath Systems, Inc.	16.73%	-16.11%	189.42%	15.56%	27.66%
ATAT Atour Lifestyle Holdings Limited	-14.45%	49.78%	58.43%	-2.92%	16.26%

Correlation

The correlation between DCTH and ATAT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022	0.12

Fundamentals

Market Cap DCTH : $424.69M ATAT : $4.60B
EPS DCTH : $0.01 ATAT : CN¥13.15
PE Ratio DCTH : 802.74 ATAT : 17.06
PS Ratio DCTH : 6.88 ATAT : 2.94
PB Ratio DCTH : 3.77 ATAT : 8.45
Total Revenue (TTM) DCTH : $65.45M ATAT : CN¥10.65B
Gross Profit (TTM) DCTH : $77.75M ATAT : CN¥4.63B
EBITDA (TTM) DCTH : $222.00K ATAT : CN¥2.46B

Return for Risk

DCTH vs. ATAT — Risk / Return Rank

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

DCTH

DCTH Risk / Return Rank: 24
DCTH Sharpe Ratio Rank: 21
DCTH Sortino Ratio Rank: 22
DCTH Omega Ratio Rank: 23
DCTH Calmar Ratio Rank: 25
DCTH Martin Ratio Rank: 29

ATAT

ATAT Risk / Return Rank: 45
ATAT Sharpe Ratio Rank: 47
ATAT Sortino Ratio Rank: 43
ATAT Omega Ratio Rank: 41
ATAT Calmar Ratio Rank: 48
ATAT Martin Ratio Rank: 48

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.

DCTH vs. ATAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delcath Systems, Inc. (DCTH) and Atour Lifestyle Holdings Limited (ATAT). 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.

	DCTH	ATAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	0.14	-0.61
Sortino ratio: Return per unit of downside risk	-0.39	0.48	-0.88
Omega ratio: Gain probability vs. loss probability	0.95	1.05	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.49	0.23	-0.72
Martin ratio: Return relative to average drawdown	-0.71	0.52	-1.23

DCTH vs. ATAT - Sharpe Ratio Comparison

The current DCTH Sharpe Ratio is -0.47, which is lower than the ATAT Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of DCTH and ATAT, 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

DCTH vs. ATAT - Drawdown Comparison

The maximum DCTH drawdown since its inception was -99.96%, which is greater than ATAT's maximum drawdown of -46.91%. Use the drawdown chart below to compare losses from any high point for DCTH and ATAT.

Drawdown Indicators

	DCTH	ATAT	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-46.91%	-53.05%
Max Drawdown (1Y) Largest decline over 1 year	-46.92%	-23.27%	-23.65%
Max Drawdown (3Y) Largest decline over 3 years	-64.23%	-30.96%	-33.27%
Max Drawdown (5Y) Largest decline over 5 years	-82.21%	—	—
Current Drawdown Current decline from peak	-99.81%	-21.42%	-78.39%
Average Drawdown Average peak-to-trough decline	-96.42%	-20.07%	-76.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.50%	10.20%	+22.30%

Volatility

DCTH vs. ATAT - Volatility Comparison

Delcath Systems, Inc. (DCTH) has a higher volatility of 13.55% compared to Atour Lifestyle Holdings Limited (ATAT) at 10.85%. This indicates that DCTH's price experiences larger fluctuations and is considered to be riskier than ATAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCTH	ATAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	10.85%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	32.37%	28.27%	+4.10%
Volatility (1Y) Calculated over the trailing 1-year period	49.83%	37.71%	+12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.02%	58.90%	+14.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.95%	58.90%	+51.05%

Dividends

DCTH vs. ATAT - Dividend Comparison

DCTH has not paid dividends to shareholders, while ATAT's dividend yield for the trailing twelve months is around 2.71%.

Position	TTM	2025	2024	2023
ATAT Atour Lifestyle Holdings Limited	2.71%	1.98%	1.67%	0.86%
DCTH Delcath Systems, Inc.	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both DCTH and ATAT in my portfolio?

DCTH and ATAT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCTH or ATAT?

DCTH has higher volatility (13.55%) compared to ATAT (10.85%). In terms of maximum drawdown, DCTH dropped -99.96% vs ATAT's -46.91%.

Which has better risk-adjusted returns?

ATAT currently has the higher Sharpe Ratio (0.14 vs -0.47), 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.