AVDX vs. BILL

Last updated Jun 13, 2026

AVDX (AvidXchange Holdings, Inc.) and BILL (Bill.com Holdings, Inc.) are both stocks. Both are in the Technology sector — AVDX in Software - Infrastructure, BILL in Software - Application. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

AVDX vs. BILL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AvidXchange Holdings, Inc. (AVDX) and Bill.com Holdings, Inc. (BILL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILL

• 1D: 3.27%
• 1M: -16.97%
• YTD: -39.16%
• 6M: -39.18%
• 1Y: -24.54%
• 3Y*: -34.51%
• 5Y*: -26.75%
• 10Y*: —

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

AVDX vs. BILL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVDX AvidXchange Holdings, Inc.	0.00%	-3.29%	-16.55%	24.65%	-34.00%	-37.61%
BILL Bill.com Holdings, Inc.	-39.16%	-35.62%	3.82%	-25.12%	-56.27%	-11.05%

Correlation

The correlation between AVDX and BILL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 13, 2021	0.51

Over the past year, the correlation between AVDX and BILL has dropped to 0.11 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Fundamentals

Market Cap AVDX : $2.07B BILL : $3.39B
EPS AVDX : -$0.04 BILL : $0.00
PS Ratio AVDX : 4.63 BILL : 2.12
PB Ratio AVDX : 3.01 BILL : 0.89
Total Revenue (TTM) AVDX : $446.72M BILL : $1.60B
Gross Profit (TTM) AVDX : $323.96M BILL : $1.29B
EBITDA (TTM) AVDX : $36.84M BILL : $68.77M

Return for Risk

AVDX vs. BILL — Risk / Return Rank

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

AVDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BILL

BILL Risk / Return Rank: 23
BILL Sharpe Ratio Rank: 26
BILL Sortino Ratio Rank: 26
BILL Omega Ratio Rank: 26
BILL Calmar Ratio Rank: 23
BILL Martin Ratio Rank: 14

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.

AVDX vs. BILL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AvidXchange Holdings, Inc. (AVDX) and Bill.com Holdings, Inc. (BILL). 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.

	AVDX	BILL	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.39	—
Sortino ratio: Return per unit of downside risk	—	-0.27	—
Omega ratio: Gain probability vs. loss probability	—	0.97	—
Calmar ratio: Return relative to maximum drawdown	—	-0.57	—
Martin ratio: Return relative to average drawdown	—	-1.25	—

Drawdowns

Drawdown Indicators

	AVDX	BILL	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.61%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-42.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-76.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.61%	—
Current Drawdown Current decline from peak	—	-90.31%	—
Average Drawdown Average peak-to-trough decline	—	-54.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.67%	—

Volatility

Volatility by Period

	AVDX	BILL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	63.38%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	70.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	72.98%	—

Dividends

AVDX vs. BILL - Dividend Comparison

Neither AVDX nor BILL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AVDX vs. BILL - Profitability Comparison

The chart below illustrates the profitability comparison between AvidXchange Holdings, Inc. and Bill.com Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVDX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a gross profit of 79.62M and revenue of 110.57M. Therefore, the gross margin over that period was 72.0%.

BILL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bill.com Holdings, Inc. reported a gross profit of 331.85M and revenue of 406.56M. Therefore, the gross margin over that period was 81.6%.

AVDX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported an operating income of -12.41M and revenue of 110.57M, resulting in an operating margin of -11.2%.

BILL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bill.com Holdings, Inc. reported an operating income of 96.41M and revenue of 406.56M, resulting in an operating margin of 23.7%.

AVDX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a net income of -9.46M and revenue of 110.57M, resulting in a net margin of -8.6%.

BILL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bill.com Holdings, Inc. reported a net income of 12.79M and revenue of 406.56M, resulting in a net margin of 3.1%.

Frequently Asked Questions

Can I hold both AVDX and BILL in my portfolio?

AVDX and BILL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.