APYX vs. BFLY
APYX (Apyx Medical Corporation) and BFLY (Butterfly Network, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, APYX returned -17.88%/yr vs -12.01%/yr for BFLY. At a 0.28 correlation, their price movements are largely independent.
Performance
APYX vs. BFLY - Performance Comparison
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Returns By Period
In the year-to-date period, APYX achieves a 14.57% return, which is significantly lower than BFLY's 91.32% return.
APYX
- 1D
- -2.43%
- 1M
- -2.91%
- YTD
- 14.57%
- 6M
- 11.08%
- 1Y
- 100.50%
- 3Y*
- -18.10%
- 5Y*
- -17.88%
- 10Y*
- —
BFLY
- 1D
- -18.31%
- 1M
- 62.64%
- YTD
- 91.32%
- 6M
- 91.32%
- 1Y
- 249.52%
- 3Y*
- 51.28%
- 5Y*
- -12.01%
- 10Y*
- —
APYX vs. BFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
APYX Apyx Medical Corporation | 14.57% | 121.52% | -39.69% | 11.97% | -81.75% | 78.06% | 50.63% |
BFLY Butterfly Network, Inc. | 91.32% | 21.79% | 188.89% | -56.10% | -63.23% | -66.20% | 94.78% |
Correlation
The correlation between APYX and BFLY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.28 |
The correlation between APYX and BFLY shifts across timeframes, from 0.17 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
APYX:
-$0.30
BFLY:
-$0.30
APYX:
2.22
BFLY:
17.72
APYX:
$55.83M
BFLY:
$102.92M
APYX:
$21.29M
BFLY:
$50.64M
APYX:
-$3.18M
BFLY:
-$70.00M
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Return for Risk
APYX vs. BFLY — Risk / Return Rank
APYX
BFLY
APYX vs. BFLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apyx Medical Corporation (APYX) and Butterfly Network, Inc. (BFLY). 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.
| APYX | BFLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 6.19 | -3.43 |
| Martin ratioReturn relative to average drawdown | 6.65 | 12.91 | -6.27 |
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Drawdowns
APYX vs. BFLY - Drawdown Comparison
The maximum APYX drawdown since its inception was -94.99%, roughly equal to the maximum BFLY drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for APYX and BFLY.
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Drawdown Indicators
| APYX | BFLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.99% | -97.40% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -36.59% | -40.61% | +4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -88.52% | -73.20% | -15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -94.99% | -95.13% | +0.14% |
Current DrawdownCurrent decline from peak | -76.95% | -73.21% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -57.05% | -75.95% | +18.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.18% | 19.46% | -4.28% |
Volatility
APYX vs. BFLY - Volatility Comparison
The current volatility for Apyx Medical Corporation (APYX) is 24.99%, while Butterfly Network, Inc. (BFLY) has a volatility of 54.90%. This indicates that APYX experiences smaller price fluctuations and is considered to be less risky than BFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APYX | BFLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.99% | 54.90% | -29.91% |
Volatility (6M)Calculated over the trailing 6-month period | 55.41% | 86.63% | -31.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.07% | 123.40% | -35.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.40% | 101.53% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.07% | 97.86% | -4.79% |
Dividends
APYX vs. BFLY - Dividend Comparison
Neither APYX nor BFLY has paid dividends to shareholders.
Financials
APYX vs. BFLY - Financials Comparison
This section allows you to compare key financial metrics between Apyx Medical Corporation and Butterfly Network, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
APYX vs. BFLY - Profitability Comparison
APYX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apyx Medical Corporation reported a gross profit of 7.93M and revenue of 12.42M. Therefore, the gross margin over that period was 63.8%.
BFLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Butterfly Network, Inc. reported a gross profit of 18.29M and revenue of 26.53M. Therefore, the gross margin over that period was 68.9%.
APYX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apyx Medical Corporation reported an operating income of -911.00K and revenue of 12.42M, resulting in an operating margin of -7.3%.
BFLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Butterfly Network, Inc. reported an operating income of -13.87M and revenue of 26.53M, resulting in an operating margin of -52.3%.
APYX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apyx Medical Corporation reported a net income of -2.11M and revenue of 12.42M, resulting in a net margin of -17.0%.
BFLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Butterfly Network, Inc. reported a net income of -12.68M and revenue of 26.53M, resulting in a net margin of -47.8%.
Frequently Asked Questions
APYX and BFLY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFLY has higher volatility (54.90%) compared to APYX (24.99%). In terms of maximum drawdown, APYX dropped -94.99% vs BFLY's -97.40%.
BFLY currently has the higher Sharpe Ratio (2.04 vs 1.15), 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.
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