BAX vs. DHR
BAX (Baxter International Inc.) and DHR (Danaher Corporation) are both stocks. Both are in the Healthcare sector — BAX in Medical Instruments & Supplies, DHR in Diagnostics & Research. Over the past 10 years, BAX returned -4.50%/yr vs 11.08%/yr for DHR. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
BAX vs. DHR - Performance Comparison
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Returns By Period
In the year-to-date period, BAX achieves a 37.03% return, which is significantly higher than DHR's -14.47% return. Over the past 10 years, BAX has underperformed DHR with an annualized return of -4.50%, while DHR has yielded a comparatively higher 11.08% 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%
DHR
- 1D
- -0.61%
- 1M
- -1.49%
- 6M
- -10.55%
- YTD
- -14.47%
- 1Y
- -0.34%
- 3Y*
- -4.26%
- 5Y*
- -5.40%
- 10Y*
- 11.08%
- ALL TIME*
- 18.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $187.90M | $157.57M | $141.62M | |
| $1.81B | $1.26B | $962.73M |
BAX vs. DHR - 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% |
DHR Danaher Corporation | -14.47% | 0.35% | -0.35% | -1.22% | -19.02% | 48.57% | 45.34% | 49.55% | 11.80% | 20.01% |
Correlation
The correlation between BAX and DHR is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.32 |
The correlation between BAX and DHR shifts across timeframes, from 0.32 (all time) to 0.47 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BAX:
$13.51B
DHR:
$137.13B
BAX:
-$2.06
DHR:
$5.63
BAX:
1.17
DHR:
5.52
BAX:
2.18
DHR:
2.62
BAX:
$11.47B
DHR:
$25.11B
BAX:
$3.45B
DHR:
$14.69B
BAX:
$227.00M
DHR:
$6.43B
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Return for Risk
BAX vs. DHR — Risk / Return Rank
BAX
DHR
BAX vs. DHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baxter International Inc. (BAX) and Danaher Corporation (DHR). 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 | DHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.03 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | -0.01 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.07 | -0.02 | +1.09 |
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Drawdowns
BAX vs. DHR - Drawdown Comparison
The maximum BAX drawdown since its inception was -81.15%, which is greater than DHR's maximum drawdown of -45.80%. Use the drawdown chart below to compare losses from any high point for BAX and DHR.
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Drawdown Indicators
| BAX | DHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -45.80% | -35.35% |
Max Drawdown (1Y)Largest decline over 1 year | -35.94% | -32.97% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -62.43% | -41.72% | -20.71% |
Max Drawdown (5Y)Largest decline over 5 years | -80.61% | -43.81% | -36.80% |
Max Drawdown (10Y)Largest decline over 10 years | -81.15% | -43.81% | -37.34% |
Current DrawdownCurrent decline from peak | -68.77% | -32.19% | -36.58% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -10.30% | -11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.94% | 15.66% | +4.28% |
Volatility
BAX vs. DHR - Volatility Comparison
The current volatility for Baxter International Inc. (BAX) is 14.54%, while Danaher Corporation (DHR) has a volatility of 15.48%. This indicates that BAX experiences smaller price fluctuations and is considered to be less risky than DHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAX | DHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.54% | 15.48% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 35.11% | 24.23% | +10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.55% | 31.20% | +17.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.57% | 28.76% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.69% | 26.01% | +3.68% |
Dividends
BAX vs. DHR - Dividend Comparison
BAX's dividend yield for the trailing twelve months is around 0.76%, more than DHR's 0.74% 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% |
DHR Danaher Corporation | 0.74% | 0.56% | 0.47% | 12.64% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 32.55% | 0.58% |
Financials
BAX vs. DHR - Financials Comparison
This section allows you to compare key financial metrics between Baxter International Inc. and Danaher Corporation. 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. DHR - 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%.
DHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Danaher Corporation reported a gross profit of 3.61B and revenue of 6.27B. Therefore, the gross margin over that period was 57.6%.
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%.
DHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Danaher Corporation reported an operating income of 1.13B and revenue of 6.27B, resulting in an operating margin of 18.0%.
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%.
DHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Danaher Corporation reported a net income of 870.00M and revenue of 6.27B, resulting in a net margin of 13.9%.
Frequently Asked Questions
BAX and DHR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHR has higher volatility (15.48%) compared to BAX (14.54%). In terms of maximum drawdown, BAX dropped -81.15% vs DHR's -45.80%.
BAX currently has the higher Sharpe Ratio (0.50 vs -0.01), 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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