ALVO vs SPY
Comparison between Alvotech (ALVO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
ALVO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ALVO
$1.14B
Winner
SPY
$735B
Expense Ratio
ALVO
N/A
SPY
0.09%
Max Drawdown
ALVO
82.63%
Winner
SPY
56.47%
Sharpe Ratio
ALVO
-1.32
Winner
SPY
1.62
5Y Beta
Winner
ALVO
0.81
SPY
1.00
Industry
ALVO
Drug Manufacturers - Specialty & Generic
SPY
N/A
P/E Ratio
Winner
ALVO
-11.43
SPY
28.99
Forward P/E
Winner
ALVO
7.91
SPY
22.37
5Y Dividends CAGR
ALVO
N/A
SPY
5.43%
5Y EPS CAGR
ALVO
-18.97%
Winner
SPY
26.05%
Debt to Equity
Winner
ALVO
-516.20%
SPY
32.40%
Free Cash Flow Yield
ALVO
-15.09%
SPY
N/A
P/S Ratio
Winner
ALVO
1.86
SPY
3.74
P/B Ratio
ALVO
N/A
SPY
5.61
ALVO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ALVO
+1.14%
Winner
SPY
+1.90%
3M
ALVO
-14.90%
Winner
SPY
+8.55%
6M
ALVO
-35.28%
Winner
SPY
+8.18%
1Y
ALVO
-66.29%
Winner
SPY
+25.79%
5Y(CAGR)
ALVO
N/A
SPY
+13.32%
10Y(CAGR)
ALVO
N/A
SPY
+15.19%
Max(CAGR)
ALVO
-25.17%
Winner
SPY
+8.47%
ALVO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ALVO | SPY |
|---|---|---|
| 2026 | -29.20% | +8.26% |
| 2025 | -61.02% | +18.00% |
| 2024 | +16.46% | +25.59% |
| 2023 | +14.69% | +26.72% |
| 2022 | -10.63% | -18.64% |
| 2021 | N/A | +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% |
ALVO vs SPY Drawdown Comparison
The maximum drawdown for ALVO was -82.63%, occurring on Jun 2, 2026. 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 ALVO drawdown is -79.50%. The current SPY drawdown is -2.90%.
| Rank | ALVO | SPY |
|---|---|---|
| #1 | -82.63% Feb 26, 2024 - Jun 2, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -50.82% Mar 2, 2023 - Jan 19, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -50.58% Jun 16, 2022 - Jan 9, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.17% Jan 13, 2023 - Feb 6, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -2.95% Feb 1, 2024 - Feb 20, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -2.50% Feb 20, 2024 - Feb 23, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -1.71% Feb 16, 2023 - Feb 24, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -1.42% Feb 10, 2023 - Feb 16, 2023 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.83% Jan 10, 2023 - Jan 13, 2023 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.79% Jan 29, 2024 - Jan 31, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.43% Feb 27, 2023 - Mar 1, 2023 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.07% Jan 23, 2024 - Jan 26, 2024 | -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 |
Correlation
Correlation between ALVO and SPY is -0.39 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.39
-101
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