HCA vs. ALLE
HCA (HCA Healthcare, Inc.) and ALLE (Allegion plc) are both stocks. HCA operates in Medical Care Facilities (Healthcare), while ALLE operates in Security & Protection Services (Industrials). Over the past 10 years, HCA returned 17.90%/yr vs 9.12%/yr for ALLE. At a 0.39 correlation, their price movements are largely independent.
Performance
HCA vs. ALLE - Performance Comparison
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Returns By Period
In the year-to-date period, HCA achieves a -17.85% return, which is significantly lower than ALLE's -2.92% return. Over the past 10 years, HCA has outperformed ALLE with an annualized return of 17.90%, while ALLE has yielded a comparatively lower 9.12% annualized return.
HCA
- 1D
- 1.51%
- 1M
- -1.44%
- 6M
- -18.55%
- YTD
- -17.85%
- 1Y
- 12.68%
- 3Y*
- 11.07%
- 5Y*
- 9.91%
- 10Y*
- 17.90%
- ALL TIME*
- 20.02%
ALLE
- 1D
- -0.78%
- 1M
- 14.45%
- 6M
- -7.33%
- YTD
- -2.92%
- 1Y
- -4.98%
- 3Y*
- 8.05%
- 5Y*
- 3.47%
- 10Y*
- 9.12%
- ALL TIME*
- 10.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ALLE Allegion plc | $217.10M | $209.29M | $167.97M |
| $755.16M | $661.20M | $645.06M |
HCA vs. ALLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | -17.85% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
ALLE Allegion plc | -2.92% | 23.54% | 4.66% | 22.32% | -19.26% | 15.06% | -5.41% | 57.89% | 1.18% | 25.32% |
Correlation
The correlation between HCA and ALLE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2013 | 0.39 |
The correlation between HCA and ALLE shifts across timeframes, from 0.25 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HCA:
$84.78B
ALLE:
$13.18B
HCA:
$29.12
ALLE:
$7.62
HCA:
13.12
ALLE:
20.12
HCA:
1.56
ALLE:
2.25
HCA:
1.17
ALLE:
3.09
HCA:
$76.39B
ALLE:
$4.29B
HCA:
$26.68B
ALLE:
$1.92B
HCA:
$15.67B
ALLE:
$996.30M
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Return for Risk
HCA vs. ALLE — Risk / Return Rank
HCA
ALLE
HCA vs. ALLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) and Allegion plc (ALLE). 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.
| HCA | ALLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.99 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.17 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.88 | -0.33 | +1.21 |
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Drawdowns
HCA vs. ALLE - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, which is greater than ALLE's maximum drawdown of -43.25%. Use the drawdown chart below to compare losses from any high point for HCA and ALLE.
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Drawdown Indicators
| HCA | ALLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.74% | -43.25% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -29.84% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -29.84% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -38.87% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -54.74% | -43.25% | -11.49% |
Current DrawdownCurrent decline from peak | -29.65% | -14.02% | -15.63% |
Average DrawdownAverage peak-to-trough decline | -11.17% | -11.11% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.44% | 15.23% | -0.79% |
Volatility
HCA vs. ALLE - Volatility Comparison
HCA Healthcare, Inc. (HCA) has a higher volatility of 12.22% compared to Allegion plc (ALLE) at 11.52%. This indicates that HCA's price experiences larger fluctuations and is considered to be riskier than ALLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCA | ALLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.22% | 11.52% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 24.20% | 23.23% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.42% | 27.39% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.61% | 26.57% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.82% | 27.03% | +5.79% |
Dividends
HCA vs. ALLE - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.78%, less than ALLE's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALLE Allegion plc | 1.38% | 1.28% | 1.47% | 1.42% | 1.56% | 1.09% | 1.10% | 0.87% | 1.05% | 0.80% | 0.75% | 0.61% |
HCA HCA Healthcare, Inc. | 0.78% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
Financials
HCA vs. ALLE - Financials Comparison
This section allows you to compare key financial metrics between HCA Healthcare, Inc. and Allegion plc. 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
HCA vs. ALLE - Profitability Comparison
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, HCA Healthcare, Inc. reported a gross profit of 2.86B and revenue of 19.11B. Therefore, the gross margin over that period was 15.0%.
ALLE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Allegion plc reported a gross profit of 517.50M and revenue of 1.15B. Therefore, the gross margin over that period was 44.9%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, HCA Healthcare, Inc. reported an operating income of 2.86B and revenue of 19.11B, resulting in an operating margin of 15.0%.
ALLE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Allegion plc reported an operating income of 254.70M and revenue of 1.15B, resulting in an operating margin of 22.1%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, HCA Healthcare, Inc. reported a net income of 1.62B and revenue of 19.11B, resulting in a net margin of 8.5%.
ALLE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Allegion plc reported a net income of 184.60M and revenue of 1.15B, resulting in a net margin of 16.0%.
Frequently Asked Questions
HCA and ALLE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCA has higher volatility (12.22%) compared to ALLE (11.52%). In terms of maximum drawdown, HCA dropped -54.74% vs ALLE's -43.25%.
HCA currently has the higher Sharpe Ratio (0.44 vs -0.19), 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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