AVAH vs. HESM
AVAH (Aveanna Healthcare Holdings Inc.) and HESM (Hess Midstream LP) are both stocks. AVAH operates in Medical Care Facilities (Healthcare), while HESM operates in Oil & Gas Midstream (Energy). Over the past 5 years, AVAH returned -10.99%/yr vs 16.87%/yr for HESM. At a 0.14 correlation, their price movements are largely independent.
Performance
AVAH vs. HESM - Performance Comparison
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Returns By Period
In the year-to-date period, AVAH achieves a -13.22% return, which is significantly lower than HESM's 16.35% return.
AVAH
- 1D
- 1.29%
- 1M
- -4.70%
- YTD
- -13.22%
- 6M
- -21.40%
- 1Y
- 44.40%
- 3Y*
- 72.97%
- 5Y*
- -10.99%
- 10Y*
- —
HESM
- 1D
- -0.36%
- 1M
- -1.89%
- YTD
- 16.35%
- 6M
- 15.25%
- 1Y
- 5.62%
- 3Y*
- 19.10%
- 5Y*
- 16.87%
- 10Y*
- —
AVAH vs. HESM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVAH Aveanna Healthcare Holdings Inc. | -13.22% | 78.77% | 70.52% | 243.59% | -89.46% | -38.33% |
HESM Hess Midstream LP | 16.35% | 0.56% | 26.41% | 14.36% | 16.62% | 28.51% |
Correlation
The correlation between AVAH and HESM is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.14 |
The correlation between AVAH and HESM shifts across timeframes, from -0.05 (1 year) to 0.17 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
AVAH:
$1.57B
HESM:
$4.97B
AVAH:
$1.20
HESM:
$2.89
AVAH:
5.90
HESM:
13.32
AVAH:
0.61
HESM:
3.02
AVAH:
6.56
HESM:
13.27
AVAH:
$2.52B
HESM:
$1.63B
AVAH:
$823.98M
HESM:
$1.13B
AVAH:
$306.37M
HESM:
$1.24B
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Return for Risk
AVAH vs. HESM — Risk / Return Rank
AVAH
HESM
AVAH vs. HESM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aveanna Healthcare Holdings Inc. (AVAH) and Hess Midstream LP (HESM). 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.
| AVAH | HESM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 0.23 | +0.78 |
| Martin ratioReturn relative to average drawdown | 1.81 | 0.47 | +1.34 |
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Drawdowns
AVAH vs. HESM - Drawdown Comparison
The maximum AVAH drawdown since its inception was -94.76%, which is greater than HESM's maximum drawdown of -75.16%. Use the drawdown chart below to compare losses from any high point for AVAH and HESM.
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Drawdown Indicators
| AVAH | HESM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.76% | -75.16% | -19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -39.44% | -25.78% | -13.66% |
Max Drawdown (3Y)Largest decline over 3 years | -41.40% | -25.78% | -15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -94.69% | -28.72% | -65.97% |
Current DrawdownCurrent decline from peak | -45.00% | -5.50% | -39.50% |
Average DrawdownAverage peak-to-trough decline | -63.57% | -11.77% | -51.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.95% | 12.67% | +9.28% |
Volatility
AVAH vs. HESM - Volatility Comparison
Aveanna Healthcare Holdings Inc. (AVAH) has a higher volatility of 15.70% compared to Hess Midstream LP (HESM) at 6.71%. This indicates that AVAH's price experiences larger fluctuations and is considered to be riskier than HESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVAH | HESM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.70% | 6.71% | +8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 14.72% | +17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.16% | 24.01% | +44.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.16% | 27.34% | +50.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.42% | 38.79% | +38.63% |
Dividends
AVAH vs. HESM - Dividend Comparison
AVAH has not paid dividends to shareholders, while HESM's dividend yield for the trailing twelve months is around 7.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AVAH Aveanna Healthcare Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HESM Hess Midstream LP | 7.89% | 8.41% | 7.12% | 7.50% | 7.30% | 6.93% | 8.86% | 6.89% | 8.00% | 2.93% |
Financials
AVAH vs. HESM - Financials Comparison
This section allows you to compare key financial metrics between Aveanna Healthcare Holdings Inc. and Hess Midstream LP. 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
AVAH vs. HESM - Profitability Comparison
AVAH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aveanna Healthcare Holdings Inc. reported a gross profit of 202.38M and revenue of 647.92M. Therefore, the gross margin over that period was 31.2%.
HESM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a gross profit of 246.00M and revenue of 390.10M. Therefore, the gross margin over that period was 63.1%.
AVAH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aveanna Healthcare Holdings Inc. reported an operating income of 75.94M and revenue of 647.92M, resulting in an operating margin of 11.7%.
HESM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported an operating income of 238.10M and revenue of 390.10M, resulting in an operating margin of 61.0%.
AVAH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aveanna Healthcare Holdings Inc. reported a net income of 41.65M and revenue of 647.92M, resulting in a net margin of 6.4%.
HESM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hess Midstream LP reported a net income of 87.60M and revenue of 390.10M, resulting in a net margin of 22.5%.
Frequently Asked Questions
AVAH and HESM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAH has higher volatility (15.70%) compared to HESM (6.71%). In terms of maximum drawdown, AVAH dropped -94.76% vs HESM's -75.16%.
AVAH currently has the higher Sharpe Ratio (0.58 vs 0.25), 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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