PHM vs. ATEC

Last updated Jun 23, 2026

PHM (PulteGroup, Inc.) and ATEC (Alphatec Holdings, Inc.) are both stocks. PHM operates in Residential Construction (Consumer Cyclical), while ATEC operates in Medical Devices (Healthcare). Over the past 10 years, PHM returned 22.59%/yr vs 9.79%/yr for ATEC. At a 0.22 correlation, their price movements are largely independent.

Performance

PHM vs. ATEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PulteGroup, Inc. (PHM) and Alphatec Holdings, Inc. (ATEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PHM achieves a 7.59% return, which is significantly higher than ATEC's -59.36% return. Over the past 10 years, PHM has outperformed ATEC with an annualized return of 22.59%, while ATEC has yielded a comparatively lower 9.79% annualized return.

PHM

• 1D: -1.06%
• 1M: 8.12%
• YTD: 7.59%
• 6M: 5.91%
• 1Y: 24.79%
• 3Y*: 19.01%
• 5Y*: 19.76%
• 10Y*: 22.59%

ATEC

• 1D: -2.95%
• 1M: 3.39%
• YTD: -59.36%
• 6M: -58.70%
• 1Y: -21.85%
• 3Y*: -19.27%
• 5Y*: -11.71%
• 10Y*: 9.79%

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

PHM vs. ATEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHM PulteGroup, Inc.	7.59%	8.54%	6.22%	128.76%	-19.22%	34.03%	12.55%	51.33%	-20.76%	83.43%
ATEC Alphatec Holdings, Inc.	-59.36%	129.19%	-39.25%	22.35%	8.05%	-21.28%	104.65%	209.83%	-13.91%	-17.13%

Correlation

The correlation between PHM and ATEC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 2, 2006	0.22

The correlation between PHM and ATEC shifts across timeframes, from 0.22 (all time) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PHM : $24.35B ATEC : $1.32B
EPS PHM : $10.36 ATEC : -$0.83
PS Ratio PHM : 1.47 ATEC : 2.18
PB Ratio PHM : 1.88 ATEC : 5.61
Total Revenue (TTM) PHM : $16.83B ATEC : $594.98M
Gross Profit (TTM) PHM : $4.39B ATEC : $533.27M
EBITDA (TTM) PHM : $2.76B ATEC : -$22.26M

Return for Risk

PHM vs. ATEC — Risk / Return Rank

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

PHM

PHM Risk / Return Rank: 63
PHM Sharpe Ratio Rank: 65
PHM Sortino Ratio Rank: 63
PHM Omega Ratio Rank: 60
PHM Calmar Ratio Rank: 64
PHM Martin Ratio Rank: 63

ATEC

ATEC Risk / Return Rank: 31
ATEC Sharpe Ratio Rank: 28
ATEC Sortino Ratio Rank: 31
ATEC Omega Ratio Rank: 31
ATEC Calmar Ratio Rank: 32
ATEC Martin Ratio Rank: 30

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.

PHM vs. ATEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PulteGroup, Inc. (PHM) and Alphatec Holdings, Inc. (ATEC). 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.

	PHM	ATEC	Difference
Sharpe ratio: Return per unit of total volatility	0.72	-0.31	+1.04
Sortino ratio: Return per unit of downside risk	1.37	0.01	+1.36
Omega ratio: Gain probability vs. loss probability	1.15	1.00	+0.15
Calmar ratio: Return relative to maximum drawdown	1.10	-0.32	+1.42
Martin ratio: Return relative to average drawdown	2.12	-0.64	+2.75

PHM vs. ATEC - Sharpe Ratio Comparison

The current PHM Sharpe Ratio is 0.72, which is higher than the ATEC Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of PHM and ATEC, 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

PHM vs. ATEC - Drawdown Comparison

The maximum PHM drawdown since its inception was -92.40%, smaller than the maximum ATEC drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for PHM and ATEC.

Drawdown Indicators

	PHM	ATEC	Difference
Max Drawdown Largest peak-to-trough decline	-92.40%	-98.90%	+6.50%
Max Drawdown (1Y) Largest decline over 1 year	-22.60%	-69.18%	+46.58%
Max Drawdown (3Y) Largest decline over 3 years	-38.01%	-73.51%	+35.50%
Max Drawdown (5Y) Largest decline over 5 years	-38.01%	-73.51%	+35.50%
Max Drawdown (10Y) Largest decline over 10 years	-62.11%	-87.34%	+25.23%
Current Drawdown Current decline from peak	-14.52%	-92.07%	+77.55%
Average Drawdown Average peak-to-trough decline	-35.46%	-80.46%	+45.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.74%	34.40%	-22.66%

Volatility

PHM vs. ATEC - Volatility Comparison

The current volatility for PulteGroup, Inc. (PHM) is 9.16%, while Alphatec Holdings, Inc. (ATEC) has a volatility of 11.99%. This indicates that PHM experiences smaller price fluctuations and is considered to be less risky than ATEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PHM	ATEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.16%	11.99%	-2.83%
Volatility (6M) Calculated over the trailing 6-month period	24.06%	59.96%	-35.90%
Volatility (1Y) Calculated over the trailing 1-year period	34.43%	70.00%	-35.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.80%	63.09%	-28.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.53%	69.07%	-32.54%

Dividends

PHM vs. ATEC - Dividend Comparison

PHM's dividend yield for the trailing twelve months is around 0.80%, while ATEC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATEC Alphatec Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHM PulteGroup, Inc.	0.80%	0.78%	0.75%	0.66%	1.34%	1.00%	1.16%	1.16%	1.46%	1.08%	1.96%	1.85%

Financials

Frequently Asked Questions

Can I hold both PHM and ATEC in my portfolio?

PHM and ATEC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PHM or ATEC?

ATEC has higher volatility (11.99%) compared to PHM (9.16%). In terms of maximum drawdown, PHM dropped -92.40% vs ATEC's -98.90%.

Which has better risk-adjusted returns?

PHM currently has the higher Sharpe Ratio (0.72 vs -0.31), 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.