SRFM vs. BABA

Last updated Jun 3, 2026

SRFM (Surf Air Mobility Inc.) and BABA (Alibaba Group Holding Limited) are both stocks. SRFM operates in Airlines (Industrials), while BABA operates in Internet Retail (Consumer Cyclical). Over the past year, SRFM returned -47.69% vs 15.93% for BABA. At a 0.12 correlation, their price movements are largely independent.

Performance

SRFM vs. BABA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Surf Air Mobility Inc. (SRFM) and Alibaba Group Holding Limited (BABA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRFM achieves a -41.75% return, which is significantly lower than BABA's -10.75% return.

SRFM

• 1D: -2.59%
• 1M: 2.73%
• YTD: -41.75%
• 6M: -45.67%
• 1Y: -47.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BABA

• 1D: 4.32%
• 1M: -0.52%
• YTD: -10.75%
• 6M: -18.81%
• 1Y: 15.93%
• 3Y*: 17.80%
• 5Y*: -8.69%
• 10Y*: 6.04%

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

SRFM vs. BABA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SRFM Surf Air Mobility Inc.	-41.75%	-64.01%	-50.32%	-50.79%
BABA Alibaba Group Holding Limited	-10.75%	75.80%	11.77%	-17.69%

Correlation

The correlation between SRFM and BABA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023	0.12

Fundamentals

EPS SRFM : -$7.17 BABA : $33.90
PS Ratio SRFM : 0.16 BABA : 0.39
Total Revenue (TTM) SRFM : $108.66M BABA : $811.51B
Gross Profit (TTM) SRFM : $5.05M BABA : $332.88B
EBITDA (TTM) SRFM : -$74.08M BABA : $112.44B

Return for Risk

SRFM vs. BABA — Risk / Return Rank

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

SRFM

SRFM Risk / Return Rank: 29
SRFM Sharpe Ratio Rank: 27
SRFM Sortino Ratio Rank: 39
SRFM Omega Ratio Rank: 37
SRFM Calmar Ratio Rank: 19
SRFM Martin Ratio Rank: 26

BABA

BABA Risk / Return Rank: 51
BABA Sharpe Ratio Rank: 53
BABA Sortino Ratio Rank: 52
BABA Omega Ratio Rank: 48
BABA Calmar Ratio Rank: 51
BABA Martin Ratio Rank: 50

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.

SRFM vs. BABA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Surf Air Mobility Inc. (SRFM) and Alibaba Group Holding Limited (BABA). 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.

	SRFM	BABA	Difference
Sharpe ratio Return per unit of total volatility	-0.32	0.37	-0.69
Sortino ratio Return per unit of downside risk	0.40	0.93	-0.53
Omega ratio Gain probability vs. loss probability	1.04	1.10	-0.06
Calmar ratio Return relative to maximum drawdown	-0.58	0.46	-1.04
Martin ratio Return relative to average drawdown	-0.78	0.91	-1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRFM vs. BABA - Sharpe Ratio Comparison

The current SRFM Sharpe Ratio is -0.32, which is lower than the BABA Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of SRFM and BABA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SRFM	BABA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	0.37	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.08	-0.51

Drawdowns

SRFM vs. BABA - Drawdown Comparison

The maximum SRFM drawdown since its inception was -95.69%, which is greater than BABA's maximum drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for SRFM and BABA.

Drawdown Indicators

	SRFM	BABA	Difference
Max Drawdown Largest peak-to-trough decline	-95.69%	-80.09%	-15.60%
Max Drawdown (1Y) Largest decline over 1 year	-88.30%	-36.77%	-51.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-72.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.09%	—
Current Drawdown Current decline from peak	-94.88%	-56.57%	-38.31%
Average Drawdown Average peak-to-trough decline	-80.40%	-37.51%	-42.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.81%	18.51%	+47.30%

Volatility

SRFM vs. BABA - Volatility Comparison

Surf Air Mobility Inc. (SRFM) has a higher volatility of 28.14% compared to Alibaba Group Holding Limited (BABA) at 14.56%. This indicates that SRFM's price experiences larger fluctuations and is considered to be riskier than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRFM	BABA	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.14%	14.56%	+13.58%
Volatility (6M) Calculated over the trailing 6-month period	72.31%	29.19%	+43.12%
Volatility (1Y) Calculated over the trailing 1-year period	149.27%	43.59%	+105.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.30%	51.35%	+99.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.30%	43.38%	+107.92%

Dividends

SRFM vs. BABA - Dividend Comparison

SRFM has not paid dividends to shareholders, while BABA's dividend yield for the trailing twelve months is around 1.53%.

Position	TTM	2025	2024	2023
BABA Alibaba Group Holding Limited	1.53%	1.36%	1.96%	1.29%
SRFM Surf Air Mobility Inc.	0.00%	0.00%	0.00%	0.00%

Financials

SRFM vs. BABA - Profitability Comparison

The chart below illustrates the profitability comparison between Surf Air Mobility Inc. and Alibaba Group Holding Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SRFM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Surf Air Mobility Inc. reported a gross profit of -333.00K and revenue of 25.61M. Therefore, the gross margin over that period was -1.3%.

BABA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported a gross profit of 11.75B and revenue of 35.15B. Therefore, the gross margin over that period was 33.4%.

SRFM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Surf Air Mobility Inc. reported an operating income of -13.36M and revenue of 25.61M, resulting in an operating margin of -52.1%.

BABA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported an operating income of -135.47M and revenue of 35.15B, resulting in an operating margin of -0.4%.

SRFM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Surf Air Mobility Inc. reported a net income of -20.26M and revenue of 25.61M, resulting in a net margin of -79.1%.

BABA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported a net income of 3.69B and revenue of 35.15B, resulting in a net margin of 10.5%.

Frequently Asked Questions

Can I hold both SRFM and BABA in my portfolio?

SRFM and BABA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRFM or BABA?

SRFM has higher volatility (28.14%) compared to BABA (14.56%). In terms of maximum drawdown, SRFM dropped -95.69% vs BABA's -80.09%.

Which has better risk-adjusted returns?

BABA currently has the higher Sharpe Ratio (0.37 vs -0.32), 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.