BAX vs. BMY
BAX (Baxter International Inc.) and BMY (Bristol-Myers Squibb Company) are both stocks. Both are in the Healthcare sector — BAX in Medical Instruments & Supplies, BMY in Drug Manufacturers - General. Over the past 10 years, BAX returned -4.50%/yr vs 2.16%/yr for BMY. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
BAX vs. BMY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAX achieves a 37.03% return, which is significantly higher than BMY's 25.17% return. Over the past 10 years, BAX has underperformed BMY with an annualized return of -4.50%, while BMY has yielded a comparatively higher 2.16% annualized return.
BAX
- 1D
- -2.21%
- 1M
- 15.50%
- 6M
- 30.48%
- YTD
- 37.03%
- 1Y
- 20.15%
- 3Y*
- -14.79%
- 5Y*
- -17.84%
- 10Y*
- -4.50%
- ALL TIME*
- 8.03%
BMY
- 1D
- 0.69%
- 1M
- 12.35%
- 6M
- 21.21%
- YTD
- 25.17%
- 1Y
- 54.75%
- 3Y*
- 6.92%
- 5Y*
- 3.38%
- 10Y*
- 2.16%
- ALL TIME*
- 9.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $187.90M | $157.57M | $141.62M | |
| $711.50M | $665.03M | $681.59M |
BAX vs. BMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 37.03% | -33.28% | -22.40% | -21.91% | -39.58% | 8.48% | -2.95% | 28.40% | 2.89% | 47.30% |
BMY Bristol-Myers Squibb Company | 25.17% | 0.11% | 15.81% | -26.14% | 18.98% | 2.88% | 0.41% | 27.74% | -12.90% | 7.71% |
Correlation
The correlation between BAX and BMY is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1981 | 0.36 |
Fundamentals
BAX:
$13.51B
BMY:
$133.37B
BAX:
-$2.06
BMY:
$4.54
BAX:
1.17
BMY:
2.71
BAX:
2.18
BMY:
5.99
BAX:
$11.47B
BMY:
$49.19B
BAX:
$3.45B
BMY:
$34.51B
BAX:
$227.00M
BMY:
$16.67B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BAX vs. BMY — Risk / Return Rank
BAX
BMY
BAX vs. BMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baxter International Inc. (BAX) and Bristol-Myers Squibb Company (BMY). 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.
| BAX | BMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 4.66 | -4.06 |
| Martin ratioReturn relative to average drawdown | 1.07 | 11.09 | -10.02 |
Loading charts...
Drawdowns
BAX vs. BMY - Drawdown Comparison
The maximum BAX drawdown since its inception was -81.15%, which is greater than BMY's maximum drawdown of -72.03%. Use the drawdown chart below to compare losses from any high point for BAX and BMY.
Loading charts...
Drawdown Indicators
| BAX | BMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -72.03% | -9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -35.94% | -12.53% | -23.41% |
Max Drawdown (3Y)Largest decline over 3 years | -62.43% | -34.11% | -28.32% |
Max Drawdown (5Y)Largest decline over 5 years | -80.61% | -47.67% | -32.94% |
Max Drawdown (10Y)Largest decline over 10 years | -81.15% | -47.67% | -33.48% |
Current DrawdownCurrent decline from peak | -68.77% | -4.95% | -63.82% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -22.36% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.94% | 5.25% | +14.69% |
Volatility
BAX vs. BMY - Volatility Comparison
Baxter International Inc. (BAX) has a higher volatility of 14.54% compared to Bristol-Myers Squibb Company (BMY) at 9.10%. This indicates that BAX's price experiences larger fluctuations and is considered to be riskier than BMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAX | BMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 9.10% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 35.11% | 19.64% | +15.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.55% | 27.86% | +20.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.57% | 24.49% | +10.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.69% | 25.46% | +4.23% |
Dividends
BAX vs. BMY - Dividend Comparison
BAX's dividend yield for the trailing twelve months is around 0.76%, less than BMY's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 0.76% | 2.72% | 3.57% | 3.00% | 2.26% | 1.26% | 1.19% | 1.02% | 1.11% | 0.94% | 1.14% | 87.05% |
BMY Bristol-Myers Squibb Company | 3.84% | 4.60% | 4.24% | 4.44% | 3.00% | 2.36% | 3.69% | 2.55% | 3.08% | 2.55% | 1.95% | 2.17% |
Financials
BAX vs. BMY - Financials Comparison
This section allows you to compare key financial metrics between Baxter International Inc. and Bristol-Myers Squibb Company. 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
BAX vs. BMY - Profitability Comparison
BAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Baxter International Inc. reported a gross profit of 1.03B and revenue of 2.96B. Therefore, the gross margin over that period was 34.9%.
BMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bristol-Myers Squibb Company reported a gross profit of 9.25B and revenue of 12.97B. Therefore, the gross margin over that period was 71.3%.
BAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Baxter International Inc. reported an operating income of -49.00M and revenue of 2.96B, resulting in an operating margin of -1.7%.
BMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bristol-Myers Squibb Company reported an operating income of 4.09B and revenue of 12.97B, resulting in an operating margin of 31.5%.
BAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Baxter International Inc. reported a net income of 126.00M and revenue of 2.96B, resulting in a net margin of 4.3%.
BMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bristol-Myers Squibb Company reported a net income of 3.32B and revenue of 12.97B, resulting in a net margin of 25.6%.
Frequently Asked Questions
BAX and BMY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAX has higher volatility (14.54%) compared to BMY (9.10%). In terms of maximum drawdown, BAX dropped -81.15% vs BMY's -72.03%.
BMY currently has the higher Sharpe Ratio (2.14 vs 0.50), 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.
Find the right allocation for BAX and BMY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer