ASTH vs. BFLY
ASTH (Astrana Health Inc) and BFLY (Butterfly Network, Inc.) are both stocks. Both are in the Healthcare sector — ASTH in Medical Care Facilities, BFLY in Medical Devices. Over the past 5 years, ASTH returned -0.12%/yr vs -19.84%/yr for BFLY. At a 0.34 correlation, their price movements are largely independent.
Performance
ASTH vs. BFLY - Performance Comparison
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Returns By Period
In the year-to-date period, ASTH achieves a 47.92% return, which is significantly higher than BFLY's 15.53% return.
ASTH
- 1D
- -0.57%
- 1M
- 4.92%
- YTD
- 47.92%
- 6M
- 59.43%
- 1Y
- 45.69%
- 3Y*
- 2.84%
- 5Y*
- -0.12%
- 10Y*
- 20.92%
BFLY
- 1D
- -4.15%
- 1M
- -9.48%
- YTD
- 15.53%
- 6M
- 47.81%
- 1Y
- 86.02%
- 3Y*
- 22.30%
- 5Y*
- -19.84%
- 10Y*
- —
ASTH vs. BFLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ASTH Astrana Health Inc | 47.92% | -21.31% | -17.68% | 29.44% | -59.73% | 302.19% | 13.27% |
BFLY Butterfly Network, Inc. | 15.53% | 21.79% | 188.89% | -56.10% | -63.23% | -66.20% | 99.90% |
Correlation
The correlation between ASTH and BFLY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020 | 0.34 |
The correlation between ASTH and BFLY shifts across timeframes, from 0.27 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ASTH:
$1.80B
BFLY:
$1.13B
ASTH:
$0.61
BFLY:
-$0.30
ASTH:
0.51
BFLY:
10.70
ASTH:
2.25
BFLY:
5.89
ASTH:
$3.53B
BFLY:
$102.92M
ASTH:
$238.21M
BFLY:
$50.64M
ASTH:
$125.28M
BFLY:
-$70.00M
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Return for Risk
ASTH vs. BFLY — Risk / Return Rank
ASTH
BFLY
ASTH vs. BFLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astrana Health Inc (ASTH) 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.
| ASTH | BFLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.76 | -0.77 |
| Martin ratioReturn relative to average drawdown | 2.19 | 3.56 | -1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASTH | BFLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.81 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.20 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.14 | +0.27 |
Drawdowns
ASTH vs. BFLY - Drawdown Comparison
The maximum ASTH drawdown since its inception was -84.80%, smaller than the maximum BFLY drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for ASTH and BFLY.
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Drawdown Indicators
| ASTH | BFLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.80% | -97.40% | +12.60% |
Max Drawdown (1Y)Largest decline over 1 year | -46.41% | -49.04% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -70.96% | -73.20% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -84.80% | -95.23% | +10.43% |
Max Drawdown (10Y)Largest decline over 10 years | -84.80% | — | — |
Current DrawdownCurrent decline from peak | -69.28% | -83.82% | +14.54% |
Average DrawdownAverage peak-to-trough decline | -47.09% | -75.95% | +28.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.93% | 24.27% | -3.34% |
Volatility
ASTH vs. BFLY - Volatility Comparison
The current volatility for Astrana Health Inc (ASTH) is 12.20%, while Butterfly Network, Inc. (BFLY) has a volatility of 18.18%. This indicates that ASTH 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
| ASTH | BFLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 18.18% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 49.17% | 68.93% | -19.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.92% | 106.48% | -33.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.60% | 97.56% | -31.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.46% | 94.70% | -2.24% |
Dividends
ASTH vs. BFLY - Dividend Comparison
Neither ASTH nor BFLY has paid dividends to shareholders.
Financials
ASTH vs. BFLY - Financials Comparison
This section allows you to compare key financial metrics between Astrana Health Inc 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
ASTH vs. BFLY - Profitability Comparison
ASTH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Astrana Health Inc reported a gross profit of 0.00 and revenue of 965.10M. Therefore, the gross margin over that period was 0.0%.
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%.
ASTH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Astrana Health Inc reported an operating income of 28.53M and revenue of 965.10M, resulting in an operating margin of 3.0%.
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%.
ASTH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Astrana Health Inc reported a net income of 14.44M and revenue of 965.10M, resulting in a net margin of 1.5%.
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
ASTH and BFLY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFLY has higher volatility (18.18%) compared to ASTH (12.20%). In terms of maximum drawdown, ASTH dropped -84.80% vs BFLY's -97.40%.
BFLY currently has the higher Sharpe Ratio (0.81 vs 0.63), 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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