BFLY vs. MGNX

Last updated Aug 1, 2026

BFLY (Butterfly Network, Inc.) and MGNX (MacroGenics, Inc.) are both stocks. Both are in the Healthcare sector — BFLY in Medical Devices, MGNX in Biotechnology. Over the past 5 years, BFLY returned -7.92%/yr vs -31.77%/yr for MGNX. Their 0.29 correlation means their historical movements had little consistent relationship.

Performance

BFLY vs. MGNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Butterfly Network, Inc. (BFLY) and MacroGenics, Inc. (MGNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFLY achieves a 87.11% return, which is significantly lower than MGNX's 129.19% return.

BFLY

• 1D: -12.97%
• 1M: -7.42%
• 6M: 79.55%
• YTD: 87.11%
• 1Y: 407.86%
• 3Y*: 40.56%
• 5Y*: -7.92%
• 10Y*: —
• ALL TIME*: -5.73%

MGNX

• 1D: -2.38%
• 1M: -21.66%
• 6M: 101.64%
• YTD: 129.19%
• 1Y: 133.54%
• 3Y*: -8.90%
• 5Y*: -31.77%
• 10Y*: -18.99%
• ALL TIME*: -13.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BFLY Butterfly Network, Inc.	$49.93M	$59.25M	$54.27M
MGNX MacroGenics, Inc.	$2.99M	$3.49M	$4.98M

BFLY vs. MGNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BFLY Butterfly Network, Inc.	87.11%	21.79%	188.89%	-56.10%	-63.23%	-66.20%	94.78%
MGNX MacroGenics, Inc.	129.19%	-50.46%	-66.22%	43.37%	-58.19%	-29.79%	-25.10%

Correlation

The correlation between BFLY and MGNX is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.26
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020	0.29

The correlation between BFLY and MGNX shifts across timeframes, from 0.22 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BFLY : $1.89B MGNX : $234.55M
EPS BFLY : -$0.29 MGNX : -$1.11
PS Ratio BFLY : 16.76 MGNX : 1.49
PB Ratio BFLY : 9.84 MGNX : 11.04
Total Revenue (TTM) BFLY : $108.56M MGNX : $157.08M
Gross Profit (TTM) BFLY : $55.45M MGNX : $98.53M
EBITDA (TTM) BFLY : -$69.02M MGNX : -$59.93M

Return for Risk

BFLY vs. MGNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BFLY

BFLY Risk / Return Rank: 96
BFLY Sharpe Ratio Rank: 96
BFLY Sortino Ratio Rank: 95
BFLY Omega Ratio Rank: 93
BFLY Calmar Ratio Rank: 98
BFLY Martin Ratio Rank: 97

MGNX

MGNX Risk / Return Rank: 88
MGNX Sharpe Ratio Rank: 85
MGNX Sortino Ratio Rank: 91
MGNX Omega Ratio Rank: 84
MGNX Calmar Ratio Rank: 92
MGNX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BFLY vs. MGNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Butterfly Network, Inc. (BFLY) and MacroGenics, Inc. (MGNX). 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	MGNX	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.51	+1.02
Sortino ratio: Return per unit of downside risk	3.46	2.83	+0.63
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.12
Calmar ratio: Return relative to maximum drawdown	7.84	4.02	+3.81
Martin ratio: Return relative to average drawdown	19.14	8.81	+10.32

BFLY vs. MGNX - Sharpe Ratio Comparison

The current BFLY Sharpe Ratio is 2.54, which is higher than the MGNX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of BFLY and MGNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BFLY vs. MGNX - Drawdown Comparison

The maximum BFLY drawdown since its inception was -97.40%, roughly equal to the maximum MGNX drawdown of -97.36%. Use the drawdown chart below to compare losses from any high point for BFLY and MGNX.

Drawdown Indicators

	BFLY	MGNX	Difference
Max Drawdown Largest peak-to-trough decline	-97.40%	-97.36%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-40.61%	-34.16%	-6.45%
Max Drawdown (3Y) Largest decline over 3 years	-72.41%	-95.06%	+22.65%
Max Drawdown (5Y) Largest decline over 5 years	-94.68%	-96.15%	+1.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-97.02%	—
Current Drawdown Current decline from peak	-73.80%	-90.82%	+17.02%
Average Drawdown Average peak-to-trough decline	-75.88%	-58.71%	-17.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.29%	15.55%	+1.74%

Volatility

BFLY vs. MGNX - Volatility Comparison

Butterfly Network, Inc. (BFLY) has a higher volatility of 28.54% compared to MacroGenics, Inc. (MGNX) at 22.22%. This indicates that BFLY's price experiences larger fluctuations and is considered to be riskier than MGNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFLY	MGNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.54%	22.22%	+6.32%
Volatility (6M) Calculated over the trailing 6-month period	88.73%	64.79%	+23.94%
Volatility (1Y) Calculated over the trailing 1-year period	125.63%	90.69%	+34.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.15%	93.25%	+8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.82%	115.84%	-18.02%

Dividends

BFLY vs. MGNX - Dividend Comparison

Neither BFLY nor MGNX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BFLY and MGNX in my portfolio?

BFLY and MGNX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BFLY or MGNX?

BFLY has higher volatility (28.54%) compared to MGNX (22.22%). In terms of maximum drawdown, BFLY dropped -97.40% vs MGNX's -97.36%.

Which has better risk-adjusted returns?

BFLY currently has the higher Sharpe Ratio (2.54 vs 1.51), 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.