BFLY vs. FATE
BFLY (Butterfly Network, Inc.) and FATE (Fate Therapeutics, Inc.) are both stocks. Both are in the Healthcare sector — BFLY in Medical Devices, FATE in Biotechnology. Over the past 5 years, BFLY returned -10.90%/yr vs -52.01%/yr for FATE. At a 0.43 correlation, their price movements are largely independent.
Performance
BFLY vs. FATE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BFLY achieves a 101.84% return, which is significantly lower than FATE's 119.82% return.
BFLY
- 1D
- 5.50%
- 1M
- 71.59%
- YTD
- 101.84%
- 6M
- 94.18%
- 1Y
- 274.15%
- 3Y*
- 54.00%
- 5Y*
- -10.90%
- 10Y*
- —
FATE
- 1D
- 0.47%
- 1M
- -4.00%
- YTD
- 119.82%
- 6M
- 121.13%
- 1Y
- 89.47%
- 3Y*
- -24.46%
- 5Y*
- -52.01%
- 10Y*
- 1.34%
BFLY vs. FATE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BFLY Butterfly Network, Inc. | 101.84% | 21.79% | 188.89% | -56.10% | -63.23% | -66.20% | 94.78% |
FATE Fate Therapeutics, Inc. | 119.82% | -40.45% | -55.88% | -62.93% | -82.76% | -35.65% | 157.88% |
Correlation
The correlation between BFLY and FATE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.43 |
The correlation between BFLY and FATE shifts across timeframes, from 0.34 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BFLY:
$1.97B
FATE:
$259.27M
BFLY:
-$0.30
FATE:
-$1.09
BFLY:
18.69
FATE:
40.73
BFLY:
10.29
FATE:
1.44
BFLY:
$102.92M
FATE:
$6.32M
BFLY:
$50.64M
FATE:
-$7.88M
BFLY:
-$70.00M
FATE:
-$135.03M
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. FATE — Risk / Return Rank
BFLY
FATE
BFLY vs. FATE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Butterfly Network, Inc. (BFLY) and Fate Therapeutics, Inc. (FATE). 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 | FATE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 6.80 | 2.16 | +4.64 |
| Martin ratioReturn relative to average drawdown | 14.20 | 3.70 | +10.50 |
Loading charts...
Drawdowns
BFLY vs. FATE - Drawdown Comparison
The maximum BFLY drawdown since its inception was -97.40%, roughly equal to the maximum FATE drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for BFLY and FATE.
Loading charts...
Drawdown Indicators
| BFLY | FATE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -99.42% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -41.58% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -73.20% | -91.86% | +18.66% |
Max Drawdown (5Y)Largest decline over 5 years | -95.13% | -99.29% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.42% | — |
Current DrawdownCurrent decline from peak | -71.74% | -98.16% | +26.42% |
Average DrawdownAverage peak-to-trough decline | -75.95% | -58.64% | -17.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.44% | 24.24% | -4.80% |
Volatility
BFLY vs. FATE - Volatility Comparison
Butterfly Network, Inc. (BFLY) has a higher volatility of 54.98% compared to Fate Therapeutics, Inc. (FATE) at 30.38%. This indicates that BFLY's price experiences larger fluctuations and is considered to be riskier than FATE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BFLY | FATE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.98% | 30.38% | +24.60% |
Volatility (6M)Calculated over the trailing 6-month period | 86.41% | 69.25% | +17.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 123.24% | 94.40% | +28.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.55% | 93.45% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.85% | 86.28% | +11.57% |
Dividends
BFLY vs. FATE - Dividend Comparison
Neither BFLY nor FATE has paid dividends to shareholders.
Financials
BFLY vs. FATE - Financials Comparison
This section allows you to compare key financial metrics between Butterfly Network, Inc. and Fate Therapeutics, 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
Frequently Asked Questions
BFLY and FATE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFLY has higher volatility (54.98%) compared to FATE (30.38%). In terms of maximum drawdown, BFLY dropped -97.40% vs FATE's -99.42%.
BFLY currently has the higher Sharpe Ratio (2.24 vs 0.95), 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 FATE
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