BBAI vs. AI

Last updated Apr 16, 2026

BBAI (BigBear.ai Holdings, Inc.) is a stock, while AI (C3.ai, Inc.) is a stock. Over the past 3 years, BBAI returned 5.69%/yr vs -24.24%/yr for AI. At 0.43, their price movements are largely independent.

Performance

BBAI vs. AI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BigBear.ai Holdings, Inc. (BBAI) and C3.ai, Inc. (AI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BBAI having a -29.81% return and AI slightly higher at -29.38%.

BBAI

• 1D: 7.67%
• 1M: -4.05%
• YTD: -29.81%
• 6M: -55.52%
• 1Y: 47.47%
• 3Y*: 5.69%
• 5Y*: —
• 10Y*: —

AI

• 1D: 13.33%
• 1M: 8.18%
• YTD: -29.38%
• 6M: -50.60%
• 1Y: -52.33%
• 3Y*: -24.24%
• 5Y*: -32.27%
• 10Y*: —

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

BBAI vs. AI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BBAI BigBear.ai Holdings, Inc.	-29.81%	21.35%	107.94%	217.65%	-88.10%	-35.09%
AI C3.ai, Inc.	-29.38%	-60.85%	19.92%	156.57%	-64.19%	-1.76%

Correlation

The correlation between BBAI and AI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.43

The correlation between BBAI and AI shifts across timeframes, from 0.43 (all time) to 0.53 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BBAI : $13.60B AI : $1.32B
EPS BBAI : -$0.20 AI : -$3.18
PS Ratio BBAI : 43.11 AI : 4.23
PB Ratio BBAI : 22.22 AI : 1.83
Total Revenue (TTM) BBAI : $127.67M AI : $307.39M
Gross Profit (TTM) BBAI : $28.48M AI : $133.57M
EBITDA (TTM) BBAI : -$253.90M AI : -$439.66M

Return for Risk

BBAI vs. AI — Risk / Return Rank

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

BBAI

BBAI Risk / Return Rank: 48
BBAI Sharpe Ratio Rank: 47
BBAI Sortino Ratio Rank: 57
BBAI Omega Ratio Rank: 49
BBAI Calmar Ratio Rank: 43
BBAI Martin Ratio Rank: 42

AI

AI Risk / Return Rank: 9
AI Sharpe Ratio Rank: 7
AI Sortino Ratio Rank: 8
AI Omega Ratio Rank: 8
AI Calmar Ratio Rank: 9
AI Martin Ratio Rank: 10

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.

BBAI vs. AI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) and C3.ai, Inc. (AI). 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.

	BBAI	AI	Difference
Sharpe ratio Return per unit of total volatility	0.47	-0.78	+1.24
Sortino ratio Return per unit of downside risk	1.57	-1.02	+2.59
Omega ratio Gain probability vs. loss probability	1.16	0.87	+0.29
Calmar ratio Return relative to maximum drawdown	0.53	-0.73	+1.26
Martin ratio Return relative to average drawdown	1.05	-1.21	+2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAI vs. AI - Sharpe Ratio Comparison

The current BBAI Sharpe Ratio is 0.47, which is higher than the AI Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of BBAI and AI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBAI	AI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	-0.78	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	-0.42	+0.32

Drawdowns

BBAI vs. AI - Drawdown Comparison

The maximum BBAI drawdown since its inception was -95.01%, roughly equal to the maximum AI drawdown of -95.63%. Use the drawdown chart below to compare losses from any high point for BBAI and AI.

Drawdown Indicators

	BBAI	AI	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-95.63%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-65.88%	-73.39%	+7.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-89.81%	—
Current Drawdown Current decline from peak	-70.13%	-94.64%	+24.51%
Average Drawdown Average peak-to-trough decline	-71.01%	-81.59%	+10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.19%	44.52%	-11.33%

Volatility

BBAI vs. AI - Volatility Comparison

BigBear.ai Holdings, Inc. (BBAI) has a higher volatility of 23.31% compared to C3.ai, Inc. (AI) at 18.83%. This indicates that BBAI's price experiences larger fluctuations and is considered to be riskier than AI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAI	AI	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.31%	18.83%	+4.48%
Volatility (6M) Calculated over the trailing 6-month period	63.03%	47.19%	+15.84%
Volatility (1Y) Calculated over the trailing 1-year period	102.81%	67.61%	+35.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	177.29%	78.45%	+98.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	177.29%	82.68%	+94.61%

Dividends

BBAI vs. AI - Dividend Comparison

Neither BBAI nor AI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials