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BAX vs. IBB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BAX and IBB is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

BAX vs. IBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baxter International Inc. (BAX) and iShares Nasdaq Biotechnology ETF (IBB). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BAX:

-0.26

IBB:

-0.45

Sortino Ratio

BAX:

-0.17

IBB:

-0.51

Omega Ratio

BAX:

0.98

IBB:

0.94

Calmar Ratio

BAX:

-0.13

IBB:

-0.30

Martin Ratio

BAX:

-0.56

IBB:

-1.16

Ulcer Index

BAX:

15.78%

IBB:

9.12%

Daily Std Dev

BAX:

32.91%

IBB:

22.62%

Max Drawdown

BAX:

-68.86%

IBB:

-62.85%

Current Drawdown

BAX:

-62.95%

IBB:

-29.73%

Returns By Period

In the year-to-date period, BAX achieves a 8.45% return, which is significantly higher than IBB's -7.25% return. Over the past 10 years, BAX has underperformed IBB with an annualized return of 0.03%, while IBB has yielded a comparatively higher 0.31% annualized return.


BAX

YTD

8.45%

1M

8.93%

6M

-3.74%

1Y

-8.34%

3Y*

-22.59%

5Y*

-16.79%

10Y*

0.03%

IBB

YTD

-7.25%

1M

3.57%

6M

-7.79%

1Y

-10.13%

3Y*

2.25%

5Y*

-1.50%

10Y*

0.31%

*Annualized

Compare stocks, funds, or ETFs

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Baxter International Inc.

iShares Nasdaq Biotechnology ETF

Risk-Adjusted Performance

BAX vs. IBB — Risk-Adjusted Performance Rank

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

BAX
The Risk-Adjusted Performance Rank of BAX is 3636
Overall Rank
The Sharpe Ratio Rank of BAX is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of BAX is 3131
Sortino Ratio Rank
The Omega Ratio Rank of BAX is 3131
Omega Ratio Rank
The Calmar Ratio Rank of BAX is 4343
Calmar Ratio Rank
The Martin Ratio Rank of BAX is 3838
Martin Ratio Rank

IBB
The Risk-Adjusted Performance Rank of IBB is 44
Overall Rank
The Sharpe Ratio Rank of IBB is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of IBB is 44
Sortino Ratio Rank
The Omega Ratio Rank of IBB is 44
Omega Ratio Rank
The Calmar Ratio Rank of IBB is 55
Calmar Ratio Rank
The Martin Ratio Rank of IBB is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BAX vs. IBB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Baxter International Inc. (BAX) and iShares Nasdaq Biotechnology ETF (IBB). 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.


The current BAX Sharpe Ratio is -0.26, which is higher than the IBB Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of BAX and IBB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

BAX vs. IBB - Dividend Comparison

BAX's dividend yield for the trailing twelve months is around 2.92%, more than IBB's 0.31% yield.


TTM20242023202220212020201920182017201620152014
BAX
Baxter International Inc.
2.92%3.57%3.00%2.26%1.27%1.20%1.02%1.11%0.94%1.14%0.60%0.00%
IBB
iShares Nasdaq Biotechnology ETF
0.31%0.29%0.26%0.31%0.21%0.20%0.17%0.19%0.30%0.19%0.03%0.15%

Drawdowns

BAX vs. IBB - Drawdown Comparison

The maximum BAX drawdown since its inception was -68.86%, which is greater than IBB's maximum drawdown of -62.85%. Use the drawdown chart below to compare losses from any high point for BAX and IBB. For additional features, visit the drawdowns tool.


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Volatility

BAX vs. IBB - Volatility Comparison

The current volatility for Baxter International Inc. (BAX) is 8.52%, while iShares Nasdaq Biotechnology ETF (IBB) has a volatility of 10.16%. This indicates that BAX experiences smaller price fluctuations and is considered to be less risky than IBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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