BAX vs. PFE
BAX (Baxter International Inc.) and PFE (Pfizer Inc.) are both stocks. Both are in the Healthcare sector — BAX in Medical Instruments & Supplies, PFE in Drug Manufacturers - General. Over the past 10 years, BAX returned -6.26%/yr vs 1.96%/yr for PFE. At a 0.37 correlation, their price movements are largely independent.
Performance
BAX vs. PFE - Performance Comparison
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Returns By Period
In the year-to-date period, BAX achieves a 2.98% return, which is significantly lower than PFE's 4.10% return. Over the past 10 years, BAX has underperformed PFE with an annualized return of -6.26%, while PFE has yielded a comparatively higher 1.96% annualized return.
BAX
- 1D
- -1.16%
- 1M
- 2.56%
- YTD
- 2.98%
- 6M
- 3.69%
- 1Y
- -33.88%
- 3Y*
- -22.55%
- 5Y*
- -23.11%
- 10Y*
- -6.26%
PFE
- 1D
- -0.52%
- 1M
- -3.17%
- YTD
- 4.10%
- 6M
- 2.82%
- 1Y
- 11.94%
- 3Y*
- -7.59%
- 5Y*
- -3.66%
- 10Y*
- 1.96%
BAX vs. PFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 2.98% | -33.28% | -22.40% | -21.91% | -39.58% | 8.48% | -2.95% | 28.40% | 2.89% | 47.30% |
PFE Pfizer Inc. | 4.10% | 0.65% | -2.22% | -41.26% | -10.41% | 66.70% | 3.07% | -6.91% | 24.82% | 15.90% |
Correlation
The correlation between BAX and PFE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1981 | 0.37 |
Fundamentals
BAX:
$10.12B
PFE:
$143.73B
BAX:
-$1.74
PFE:
$1.31
BAX:
0.89
PFE:
2.26
BAX:
1.68
PFE:
1.60
BAX:
$11.32B
PFE:
$63.32B
BAX:
$3.41B
PFE:
$43.91B
BAX:
$399.00M
PFE:
$16.94B
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Return for Risk
BAX vs. PFE — Risk / Return Rank
BAX
PFE
BAX vs. PFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baxter International Inc. (BAX) and Pfizer Inc. (PFE). 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 | PFE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.11 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 1.05 | -1.74 |
| Martin ratioReturn relative to average drawdown | -1.00 | 2.06 | -3.06 |
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Drawdowns
BAX vs. PFE - Drawdown Comparison
The maximum BAX drawdown since its inception was -81.15%, which is greater than PFE's maximum drawdown of -69.24%. Use the drawdown chart below to compare losses from any high point for BAX and PFE.
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Drawdown Indicators
| BAX | PFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -69.24% | -11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -49.00% | -11.47% | -37.53% |
Max Drawdown (3Y)Largest decline over 3 years | -65.90% | -37.69% | -28.21% |
Max Drawdown (5Y)Largest decline over 5 years | -80.61% | -58.96% | -21.65% |
Max Drawdown (10Y)Largest decline over 10 years | -81.15% | -58.96% | -22.19% |
Current DrawdownCurrent decline from peak | -76.53% | -48.02% | -28.51% |
Average DrawdownAverage peak-to-trough decline | -21.68% | -22.91% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.04% | 5.80% | +28.24% |
Volatility
BAX vs. PFE - Volatility Comparison
Baxter International Inc. (BAX) has a higher volatility of 10.05% compared to Pfizer Inc. (PFE) at 5.40%. This indicates that BAX's price experiences larger fluctuations and is considered to be riskier than PFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAX | PFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.05% | 5.40% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 32.53% | 14.21% | +18.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.76% | 23.93% | +22.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.89% | 25.50% | +8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 23.91% | +5.45% |
Dividends
BAX vs. PFE - Dividend Comparison
BAX's dividend yield for the trailing twelve months is around 1.02%, less than PFE's 6.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 1.02% | 2.72% | 3.57% | 3.00% | 2.26% | 1.26% | 1.19% | 1.02% | 1.11% | 0.94% | 1.14% | 87.05% |
PFE Pfizer Inc. | 6.86% | 6.91% | 6.33% | 5.70% | 3.12% | 2.64% | 3.92% | 3.68% | 3.12% | 3.53% | 3.69% | 3.47% |
Financials
BAX vs. PFE - Financials Comparison
This section allows you to compare key financial metrics between Baxter International Inc. and Pfizer Inc.. 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. PFE - Profitability Comparison
BAX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported a gross profit of 891.00M and revenue of 2.70B. Therefore, the gross margin over that period was 33.0%.
PFE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pfizer Inc. reported a gross profit of 9.72B and revenue of 14.45B. Therefore, the gross margin over that period was 67.3%.
BAX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported an operating income of -42.00M and revenue of 2.70B, resulting in an operating margin of -1.6%.
PFE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pfizer Inc. reported an operating income of 4.03B and revenue of 14.45B, resulting in an operating margin of 27.9%.
BAX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Baxter International Inc. reported a net income of 190.00M and revenue of 2.70B, resulting in a net margin of 7.0%.
PFE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pfizer Inc. reported a net income of 2.69B and revenue of 14.45B, resulting in a net margin of 18.6%.
Frequently Asked Questions
BAX and PFE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAX has higher volatility (10.05%) compared to PFE (5.40%). In terms of maximum drawdown, BAX dropped -81.15% vs PFE's -69.24%.
PFE currently has the higher Sharpe Ratio (0.50 vs -0.73), 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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