AI vs. BBAI

Last updated Jun 23, 2026

AI (C3.ai, Inc.) and BBAI (BigBear.ai Holdings, Inc.) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 3 years, AI returned -33.77%/yr vs 17.85%/yr for BBAI. At a 0.44 correlation, their price movements are largely independent.

Performance

AI vs. BBAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in C3.ai, Inc. (AI) and BigBear.ai Holdings, Inc. (BBAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AI having a -28.04% return and BBAI slightly lower at -29.07%.

AI

• 1D: -5.83%
• 1M: 4.41%
• YTD: -28.04%
• 6M: -33.65%
• 1Y: -58.90%
• 3Y*: -33.77%
• 5Y*: -30.92%
• 10Y*: —

BBAI

• 1D: -2.30%
• 1M: -8.37%
• YTD: -29.07%
• 6M: -40.06%
• 1Y: -4.25%
• 3Y*: 17.85%
• 5Y*: —
• 10Y*: —

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

AI vs. BBAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AI C3.ai, Inc.	-28.04%	-60.85%	19.92%	156.57%	-64.19%	-0.92%
BBAI BigBear.ai Holdings, Inc.	-29.07%	21.35%	107.94%	217.65%	-88.10%	-27.90%

Correlation

The correlation between AI and BBAI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.44

The correlation between AI and BBAI shifts across timeframes, from 0.44 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AI : $1.42B BBAI : $18.12B
EPS AI : -$3.37 BBAI : -$0.13
PS Ratio AI : 5.42 BBAI : 68.32
PB Ratio AI : 2.17 BBAI : 22.92
Total Revenue (TTM) AI : $250.27M BBAI : $127.35M
Gross Profit (TTM) AI : $77.38M BBAI : $32.81M
EBITDA (TTM) AI : -$461.00M BBAI : -$230.18M

Return for Risk

AI vs. BBAI — Risk / Return Rank

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

AI

AI Risk / Return Rank: 10
AI Sharpe Ratio Rank: 7
AI Sortino Ratio Rank: 8
AI Omega Ratio Rank: 8
AI Calmar Ratio Rank: 11
AI Martin Ratio Rank: 17

BBAI

BBAI Risk / Return Rank: 43
BBAI Sharpe Ratio Rank: 40
BBAI Sortino Ratio Rank: 49
BBAI Omega Ratio Rank: 45
BBAI Calmar Ratio Rank: 40
BBAI Martin Ratio Rank: 40

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.

AI vs. BBAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for C3.ai, Inc. (AI) and BigBear.ai Holdings, Inc. (BBAI). 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.

	AI	BBAI	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	-0.04	-0.86
Sortino ratio: Return per unit of downside risk	-1.30	0.71	-2.01
Omega ratio: Gain probability vs. loss probability	0.83	1.07	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.80	-0.06	-0.74
Martin ratio: Return relative to average drawdown	-1.12	-0.11	-1.01

AI vs. BBAI - Sharpe Ratio Comparison

The current AI Sharpe Ratio is -0.90, which is lower than the BBAI Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of AI and BBAI, 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

AI vs. BBAI - Drawdown Comparison

The maximum AI drawdown since its inception was -95.63%, roughly equal to the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for AI and BBAI.

Drawdown Indicators

	AI	BBAI	Difference
Max Drawdown Largest peak-to-trough decline	-95.63%	-95.01%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-73.39%	-65.88%	-7.51%
Max Drawdown (3Y) Largest decline over 3 years	-82.51%	-75.56%	-6.95%
Max Drawdown (5Y) Largest decline over 5 years	-88.32%	—	—
Current Drawdown Current decline from peak	-94.53%	-69.82%	-24.71%
Average Drawdown Average peak-to-trough decline	-81.97%	-70.79%	-11.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.73%	40.07%	+12.66%

Volatility

AI vs. BBAI - Volatility Comparison

The current volatility for C3.ai, Inc. (AI) is 18.04%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 23.57%. This indicates that AI experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AI	BBAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.04%	23.57%	-5.53%
Volatility (6M) Calculated over the trailing 6-month period	48.17%	55.71%	-7.54%
Volatility (1Y) Calculated over the trailing 1-year period	65.65%	96.70%	-31.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.68%	174.27%	-96.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.99%	174.27%	-92.28%

Dividends

AI vs. BBAI - Dividend Comparison

Neither AI nor BBAI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AI and BBAI in my portfolio?

AI and BBAI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AI or BBAI?

BBAI has higher volatility (23.57%) compared to AI (18.04%). In terms of maximum drawdown, AI dropped -95.63% vs BBAI's -95.01%.

Which has better risk-adjusted returns?

BBAI currently has the higher Sharpe Ratio (-0.04 vs -0.90), 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.