ALHC vs SPY

Comparison between Alignment Healthcare Inc (ALHC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed ALHC, delivering a return of +14.0% compared to -7.2%

ALHC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ALHC(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.44B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	83.61%	56.47%
Sharpe Ratio	0.30	1.91
5Y Beta	0.22	1.00
Industry	Healthcare Plans	N/A
P/E Ratio	168.09	28.68
Forward P/E	204.08	22.19
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.37%
Debt to Equity	156.42%	34.04%
Free Cash Flow Yield	6.57%	N/A
P/S Ratio	0.79	3.76
P/B Ratio	16.65	5.55

Market Cap / Net Assets

ALHC

$3.44B

Winner

SPY

$735B

Expense Ratio

ALHC

N/A

SPY

0.09%

Max Drawdown

ALHC

83.61%

Winner

SPY

56.47%

Sharpe Ratio

ALHC

0.30

Winner

SPY

1.91

5Y Beta

Winner

ALHC

0.22

SPY

1.00

Industry

ALHC

Healthcare Plans

SPY

N/A

P/E Ratio

ALHC

168.09

Winner

SPY

28.68

Forward P/E

ALHC

204.08

Winner

SPY

22.19

5Y Dividends CAGR

ALHC

N/A

SPY

5.43%

5Y EPS CAGR

ALHC

N/A

SPY

26.37%

Debt to Equity

ALHC

156.42%

Winner

SPY

34.04%

Free Cash Flow Yield

ALHC

6.57%

SPY

N/A

P/S Ratio

Winner

ALHC

0.79

SPY

3.76

P/B Ratio

ALHC

16.65

Winner

SPY

5.55

ALHC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ALHC	SPY
1 month	-22.18%	+4.84%
3 months	-17.84%	+9.57%
6 months	-2.10%	+13.79%
1 year	+12.84%	+29.34%
5 years(CAGR)	-7.19%	+13.98%
10 years(CAGR)	N/A	+15.66%
Max(CAGR)	-1.10%	+8.53%

ALHC

-22.18%

Winner

SPY

+4.84%

ALHC

-17.84%

Winner

SPY

+9.57%

ALHC

-2.10%

Winner

SPY

+13.79%

ALHC

+12.84%

Winner

SPY

+29.34%

5Y(CAGR)

ALHC

-7.19%

Winner

SPY

+13.98%

10Y(CAGR)

ALHC

N/A

SPY

+15.66%

Max(CAGR)

ALHC

-1.10%

Winner

SPY

+8.53%

ALHC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ALHC	SPY
2026	-19.14%	+9.45%
2025	+70.85%	+18.00%
2024	+32.51%	+25.59%
2023	-25.84%	+26.72%
2022	-15.70%	-18.64%
2021	-18.78%	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

ALHC vs SPY Drawdown Comparison

The maximum drawdown for ALHC was -83.61%, occurring on Apr 3, 2024. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current ALHC drawdown is -40.04%. The current SPY drawdown is -0.34%.

Rank	ALHC	SPY
#1	-83.61% Jun 21, 2021 - Apr 3, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-24.18% May 4, 2021 - Jun 21, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-11.74% Apr 16, 2021 - Apr 26, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-7.72% Apr 6, 2021 - Apr 9, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-2.80% Apr 26, 2021 - Apr 28, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-1.61% Apr 28, 2021 - May 4, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-1.30% Apr 9, 2021 - Apr 14, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014