HAE vs. ALGN
HAE (Haemonetics Corporation) and ALGN (Align Technology, Inc.) are both stocks. Both are in the Healthcare sector — HAE in Medical Instruments & Supplies, ALGN in Medical Devices. Over the past 10 years, HAE returned 9.57%/yr vs 7.84%/yr for ALGN. At a 0.35 correlation, their price movements are largely independent.
Performance
HAE vs. ALGN - Performance Comparison
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Returns By Period
In the year-to-date period, HAE achieves a -4.94% return, which is significantly lower than ALGN's 14.92% return. Over the past 10 years, HAE has outperformed ALGN with an annualized return of 9.57%, while ALGN has yielded a comparatively lower 7.84% annualized return.
HAE
- 1D
- 1.59%
- 1M
- -2.57%
- 6M
- -7.12%
- YTD
- -4.94%
- 1Y
- 0.89%
- 3Y*
- -3.71%
- 5Y*
- 3.72%
- 10Y*
- 9.57%
ALGN
- 1D
- 0.72%
- 1M
- 2.64%
- 6M
- 3.85%
- YTD
- 14.92%
- 1Y
- -11.29%
- 3Y*
- -19.97%
- 5Y*
- -22.14%
- 10Y*
- 7.84%
HAE vs. ALGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAE Haemonetics Corporation | -4.94% | 2.65% | -8.69% | 8.72% | 48.28% | -55.33% | 3.35% | 14.84% | 72.26% | 44.48% |
ALGN Align Technology, Inc. | 14.92% | -25.11% | -23.90% | 29.92% | -67.91% | 22.98% | 91.51% | 33.24% | -5.74% | 131.13% |
Correlation
The correlation between HAE and ALGN is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2001 | 0.35 |
Fundamentals
HAE:
$3.46B
ALGN:
$12.85B
HAE:
$2.07
ALGN:
$5.98
HAE:
36.77
ALGN:
30.03
HAE:
2.68
ALGN:
3.15
HAE:
3.94
ALGN:
3.10
HAE:
$1.33B
ALGN:
$4.10B
HAE:
$787.59M
ALGN:
$2.77B
HAE:
$252.91M
ALGN:
$776.15M
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Return for Risk
HAE vs. ALGN — Risk / Return Rank
HAE
ALGN
HAE vs. ALGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Haemonetics Corporation (HAE) and Align Technology, Inc. (ALGN). 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.
| HAE | ALGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | -0.31 | +0.25 |
| Martin ratioReturn relative to average drawdown | -0.10 | -0.51 | +0.41 |
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Drawdowns
HAE vs. ALGN - Drawdown Comparison
The maximum HAE drawdown since its inception was -68.62%, smaller than the maximum ALGN drawdown of -92.83%. Use the drawdown chart below to compare losses from any high point for HAE and ALGN.
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Drawdown Indicators
| HAE | ALGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.62% | -92.83% | +24.21% |
Max Drawdown (1Y)Largest decline over 1 year | -40.06% | -39.73% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -51.04% | -67.59% | +16.55% |
Max Drawdown (5Y)Largest decline over 5 years | -51.04% | -82.89% | +31.85% |
Max Drawdown (10Y)Largest decline over 10 years | -68.62% | -82.89% | +14.27% |
Current DrawdownCurrent decline from peak | -45.38% | -75.42% | +30.04% |
Average DrawdownAverage peak-to-trough decline | -23.91% | -38.07% | +14.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.93% | 24.28% | +1.65% |
Volatility
HAE vs. ALGN - Volatility Comparison
The current volatility for Haemonetics Corporation (HAE) is 9.65%, while Align Technology, Inc. (ALGN) has a volatility of 15.63%. This indicates that HAE experiences smaller price fluctuations and is considered to be less risky than ALGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAE | ALGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 15.63% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 28.05% | 31.59% | -3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.89% | 54.26% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 49.93% | -9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.99% | 49.25% | -9.26% |
Dividends
HAE vs. ALGN - Dividend Comparison
Neither HAE nor ALGN has paid dividends to shareholders.
Financials
HAE vs. ALGN - Financials Comparison
This section allows you to compare key financial metrics between Haemonetics Corporation and Align Technology, Inc.. 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
HAE vs. ALGN - Profitability Comparison
HAE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Haemonetics Corporation reported a gross profit of 209.58M and revenue of 346.35M. Therefore, the gross margin over that period was 60.5%.
ALGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Align Technology, Inc. reported a gross profit of 736.59M and revenue of 1.04B. Therefore, the gross margin over that period was 70.8%.
HAE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Haemonetics Corporation reported an operating income of -25.19M and revenue of 346.35M, resulting in an operating margin of -7.3%.
ALGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Align Technology, Inc. reported an operating income of 141.96M and revenue of 1.04B, resulting in an operating margin of 13.7%.
HAE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Haemonetics Corporation reported a net income of -20.15M and revenue of 346.35M, resulting in a net margin of -5.8%.
ALGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Align Technology, Inc. reported a net income of 112.77M and revenue of 1.04B, resulting in a net margin of 10.8%.
Frequently Asked Questions
HAE and ALGN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGN has higher volatility (15.63%) compared to HAE (9.65%). In terms of maximum drawdown, HAE dropped -68.62% vs ALGN's -92.83%.
HAE currently has the higher Sharpe Ratio (-0.05 vs -0.23), 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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