AHCO vs. ACHC

Last updated Jun 4, 2026

AHCO (AdaptHealth Corp.) and ACHC (Acadia Healthcare Company, Inc.) are both stocks. Both are in the Healthcare sector — AHCO in Medical Devices, ACHC in Medical Care Facilities. Over the past 5 years, AHCO returned -17.74%/yr vs -17.07%/yr for ACHC. At a 0.22 correlation, their price movements are largely independent.

Performance

AHCO vs. ACHC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdaptHealth Corp. (AHCO) and Acadia Healthcare Company, Inc. (ACHC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHCO achieves a -2.41% return, which is significantly lower than ACHC's 81.32% return.

AHCO

• 1D: 0.73%
• 1M: -25.46%
• YTD: -2.41%
• 6M: 4.07%
• 1Y: 9.71%
• 3Y*: -2.54%
• 5Y*: -17.74%
• 10Y*: —

ACHC

• 1D: 5.36%
• 1M: -7.06%
• YTD: 81.32%
• 6M: 75.15%
• 1Y: 14.66%
• 3Y*: -28.19%
• 5Y*: -17.07%
• 10Y*: -8.10%

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

AHCO vs. ACHC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AHCO AdaptHealth Corp.	-2.41%	4.62%	30.59%	-62.07%	-21.42%	-34.88%	242.08%	11.70%	1.34%
ACHC Acadia Healthcare Company, Inc.	81.32%	-64.21%	-49.01%	-5.54%	35.62%	20.77%	51.29%	29.21%	-38.80%

Correlation

The correlation between AHCO and ACHC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 25, 2018	0.22

Fundamentals

Market Cap AHCO : $1.32B ACHC : $2.34B
EPS AHCO : -$0.60 ACHC : -$12.22
PS Ratio AHCO : 0.43 ACHC : 0.69
PB Ratio AHCO : 0.87 ACHC : 1.19
Total Revenue (TTM) AHCO : $3.08B ACHC : $3.37B
Gross Profit (TTM) AHCO : $260.17M ACHC : $1.76B
EBITDA (TTM) AHCO : $380.93M ACHC : -$726.15M

Return for Risk

AHCO vs. ACHC — Risk / Return Rank

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

AHCO

AHCO Risk / Return Rank: 48
AHCO Sharpe Ratio Rank: 48
AHCO Sortino Ratio Rank: 46
AHCO Omega Ratio Rank: 45
AHCO Calmar Ratio Rank: 49
AHCO Martin Ratio Rank: 53

ACHC

ACHC Risk / Return Rank: 48
ACHC Sharpe Ratio Rank: 49
ACHC Sortino Ratio Rank: 50
ACHC Omega Ratio Rank: 49
ACHC Calmar Ratio Rank: 47
ACHC Martin Ratio Rank: 47

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.

AHCO vs. ACHC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdaptHealth Corp. (AHCO) and Acadia Healthcare Company, Inc. (ACHC). 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.

	AHCO	ACHC	Difference
Sharpe ratio Return per unit of total volatility	0.21	0.23	-0.02
Sortino ratio Return per unit of downside risk	0.67	0.82	-0.14
Omega ratio Gain probability vs. loss probability	1.08	1.10	-0.02
Calmar ratio Return relative to maximum drawdown	0.35	0.26	+0.09
Martin ratio Return relative to average drawdown	1.06	0.56	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHCO vs. ACHC - Sharpe Ratio Comparison

The current AHCO Sharpe Ratio is 0.21, which is comparable to the ACHC Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of AHCO and ACHC, 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

	AHCO	ACHC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.23	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	-0.37	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.00	0.00

Drawdowns

AHCO vs. ACHC - Drawdown Comparison

The maximum AHCO drawdown since its inception was -83.84%, smaller than the maximum ACHC drawdown of -98.77%. Use the drawdown chart below to compare losses from any high point for AHCO and ACHC.

Drawdown Indicators

	AHCO	ACHC	Difference
Max Drawdown Largest peak-to-trough decline	-83.84%	-98.77%	+14.93%
Max Drawdown (1Y) Largest decline over 1 year	-27.88%	-57.11%	+29.23%
Max Drawdown (3Y) Largest decline over 3 years	-56.06%	-86.63%	+30.57%
Max Drawdown (5Y) Largest decline over 5 years	-78.29%	-86.89%	+8.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.89%	—
Current Drawdown Current decline from peak	-75.79%	-71.11%	-4.68%
Average Drawdown Average peak-to-trough decline	-43.23%	-56.46%	+13.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	26.44%	-17.23%

Volatility

AHCO vs. ACHC - Volatility Comparison

The current volatility for AdaptHealth Corp. (AHCO) is 12.42%, while Acadia Healthcare Company, Inc. (ACHC) has a volatility of 16.34%. This indicates that AHCO experiences smaller price fluctuations and is considered to be less risky than ACHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHCO	ACHC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.42%	16.34%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	33.27%	49.97%	-16.70%
Volatility (1Y) Calculated over the trailing 1-year period	46.49%	65.21%	-18.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.22%	45.82%	+12.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.80%	48.63%	+6.17%

Dividends

AHCO vs. ACHC - Dividend Comparison

Neither AHCO nor ACHC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AHCO vs. ACHC - Profitability Comparison

The chart below illustrates the profitability comparison between AdaptHealth Corp. and Acadia Healthcare Company, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AHCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AdaptHealth Corp. reported a gross profit of 0.00 and revenue of 819.80M. Therefore, the gross margin over that period was 0.0%.

ACHC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Acadia Healthcare Company, Inc. reported a gross profit of 0.00 and revenue of 828.80M. Therefore, the gross margin over that period was 0.0%.

AHCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AdaptHealth Corp. reported an operating income of 5.49M and revenue of 819.80M, resulting in an operating margin of 0.7%.

ACHC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Acadia Healthcare Company, Inc. reported an operating income of 0.00 and revenue of 828.80M, resulting in an operating margin of 0.0%.

AHCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AdaptHealth Corp. reported a net income of -16.04M and revenue of 819.80M, resulting in a net margin of -2.0%.

ACHC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Acadia Healthcare Company, Inc. reported a net income of 4.11M and revenue of 828.80M, resulting in a net margin of 0.5%.

Frequently Asked Questions

Can I hold both AHCO and ACHC in my portfolio?

AHCO and ACHC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHCO or ACHC?

ACHC has higher volatility (16.34%) compared to AHCO (12.42%). In terms of maximum drawdown, AHCO dropped -83.84% vs ACHC's -98.77%.

Which has better risk-adjusted returns?

ACHC currently has the higher Sharpe Ratio (0.23 vs 0.21), 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.