BFLY vs. ASTH
BFLY (Butterfly Network, Inc.) and ASTH (Astrana Health Inc) are both stocks. Both are in the Healthcare sector — BFLY in Medical Devices, ASTH in Medical Care Facilities. Over the past 5 years, BFLY returned -9.02%/yr vs -11.30%/yr for ASTH. At a 0.34 correlation, their price movements are largely independent.
Performance
BFLY vs. ASTH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BFLY achieves a 110.00% return, which is significantly higher than ASTH's 88.94% return.
BFLY
- 1D
- -0.50%
- 1M
- 44.04%
- 6M
- 97.52%
- YTD
- 110.00%
- 1Y
- 340.88%
- 3Y*
- 52.96%
- 5Y*
- -9.02%
- 10Y*
- —
ASTH
- 1D
- 0.14%
- 1M
- 21.37%
- 6M
- 64.88%
- YTD
- 88.94%
- 1Y
- 88.25%
- 3Y*
- 13.49%
- 5Y*
- -11.30%
- 10Y*
- 25.46%
BFLY vs. ASTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BFLY Butterfly Network, Inc. | 110.00% | 21.79% | 188.89% | -56.10% | -63.23% | -66.20% | 94.78% |
ASTH Astrana Health Inc | 88.94% | -21.31% | -17.68% | 29.44% | -59.73% | 302.19% | 11.47% |
Correlation
The correlation between BFLY and ASTH is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.34 |
The correlation between BFLY and ASTH shifts across timeframes, from 0.27 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BFLY:
$2.09B
ASTH:
$2.32B
BFLY:
-$0.30
ASTH:
$0.61
BFLY:
19.68
ASTH:
0.66
BFLY:
10.70
ASTH:
2.87
BFLY:
$102.92M
ASTH:
$3.53B
BFLY:
$50.64M
ASTH:
$238.21M
BFLY:
-$70.00M
ASTH:
$125.28M
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
BFLY vs. ASTH — Risk / Return Rank
BFLY
ASTH
BFLY vs. ASTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Butterfly Network, Inc. (BFLY) and Astrana Health Inc (ASTH). 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.
| BFLY | ASTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 8.11 | 1.80 | +6.31 |
| Martin ratioReturn relative to average drawdown | 16.89 | 4.03 | +12.86 |
Loading charts...
Drawdowns
BFLY vs. ASTH - Drawdown Comparison
The maximum BFLY drawdown since its inception was -97.40%, which is greater than ASTH's maximum drawdown of -84.80%. Use the drawdown chart below to compare losses from any high point for BFLY and ASTH.
Loading charts...
Drawdown Indicators
| BFLY | ASTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -84.80% | -12.60% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -46.41% | +5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -73.20% | -70.96% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -94.68% | -84.80% | -9.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.80% | — |
Current DrawdownCurrent decline from peak | -70.60% | -60.76% | -9.84% |
Average DrawdownAverage peak-to-trough decline | -75.90% | -47.19% | -28.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.46% | 20.73% | -1.27% |
Volatility
BFLY vs. ASTH - Volatility Comparison
Butterfly Network, Inc. (BFLY) has a higher volatility of 54.01% compared to Astrana Health Inc (ASTH) at 11.80%. This indicates that BFLY's price experiences larger fluctuations and is considered to be riskier than ASTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BFLY | ASTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.01% | 11.80% | +42.21% |
Volatility (6M)Calculated over the trailing 6-month period | 88.11% | 48.63% | +39.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 124.60% | 72.64% | +51.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.75% | 64.15% | +37.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.81% | 91.35% | +6.46% |
Dividends
BFLY vs. ASTH - Dividend Comparison
Neither BFLY nor ASTH has paid dividends to shareholders.
Financials
BFLY vs. ASTH - Financials Comparison
This section allows you to compare key financial metrics between Butterfly Network, Inc. and Astrana Health 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
BFLY vs. ASTH - Profitability Comparison
BFLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Butterfly Network, Inc. reported a gross profit of 18.29M and revenue of 26.53M. Therefore, the gross margin over that period was 68.9%.
ASTH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Astrana Health Inc reported a gross profit of 0.00 and revenue of 965.10M. Therefore, the gross margin over that period was 0.0%.
BFLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Butterfly Network, Inc. reported an operating income of -13.87M and revenue of 26.53M, resulting in an operating margin of -52.3%.
ASTH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Astrana Health Inc reported an operating income of 28.53M and revenue of 965.10M, resulting in an operating margin of 3.0%.
BFLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Butterfly Network, Inc. reported a net income of -12.68M and revenue of 26.53M, resulting in a net margin of -47.8%.
ASTH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Astrana Health Inc reported a net income of 14.44M and revenue of 965.10M, resulting in a net margin of 1.5%.
Frequently Asked Questions
BFLY and ASTH have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFLY has higher volatility (54.01%) compared to ASTH (11.80%). In terms of maximum drawdown, BFLY dropped -97.40% vs ASTH's -84.80%.
BFLY currently has the higher Sharpe Ratio (2.64 vs 1.15), 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 BFLY and ASTH
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