BFLY vs. MVST
BFLY (Butterfly Network, Inc.) and MVST (Microvast Holdings, Inc.) are both stocks. BFLY operates in Medical Devices (Healthcare), while MVST operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, BFLY returned -7.92%/yr vs -38.41%/yr for MVST. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
BFLY vs. MVST - Performance Comparison
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Returns By Period
In the year-to-date period, BFLY achieves a 87.11% return, which is significantly higher than MVST's -71.17% 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%
MVST
- 1D
- 0.84%
- 1M
- -27.94%
- 6M
- -69.19%
- YTD
- -71.17%
- 1Y
- -73.27%
- 3Y*
- -34.02%
- 5Y*
- -38.41%
- 10Y*
- —
- ALL TIME*
- -28.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.93M | $59.25M | $54.27M | |
| $3.72M | $4.51M | $6.60M |
BFLY vs. MVST - 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% |
MVST Microvast Holdings, Inc. | -71.17% | 35.27% | 47.86% | -8.50% | -72.97% | -66.90% | 67.65% |
Correlation
The correlation between BFLY and MVST is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
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 | 0.31 |
Fundamentals
BFLY:
$1.89B
MVST:
$268.89M
BFLY:
-$0.29
MVST:
-$0.26
BFLY:
16.76
MVST:
0.76
BFLY:
9.84
MVST:
0.67
BFLY:
$108.56M
MVST:
$371.64M
BFLY:
$55.45M
MVST:
$130.76M
BFLY:
-$69.02M
MVST:
-$5.47M
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Return for Risk
BFLY vs. MVST — Risk / Return Rank
BFLY
MVST
BFLY vs. MVST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Butterfly Network, Inc. (BFLY) and Microvast Holdings, Inc. (MVST). 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 | MVST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.32 | ||
| Sortino ratioReturn per unit of downside risk | +4.71 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.85 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 7.84 | -0.84 | +8.68 |
| Martin ratioReturn relative to average drawdown | 19.14 | -1.28 | +20.42 |
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Drawdowns
BFLY vs. MVST - Drawdown Comparison
The maximum BFLY drawdown since its inception was -97.40%, roughly equal to the maximum MVST drawdown of -99.34%. Use the drawdown chart below to compare losses from any high point for BFLY and MVST.
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Drawdown Indicators
| BFLY | MVST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -99.34% | +1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -40.61% | -88.88% | +48.27% |
Max Drawdown (3Y)Largest decline over 3 years | -72.41% | -93.55% | +21.14% |
Max Drawdown (5Y)Largest decline over 5 years | -94.68% | -98.83% | +4.15% |
Current DrawdownCurrent decline from peak | -73.80% | -96.71% | +22.91% |
Average DrawdownAverage peak-to-trough decline | -75.88% | -63.90% | -11.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.29% | 58.16% | -40.87% |
Volatility
BFLY vs. MVST - Volatility Comparison
Butterfly Network, Inc. (BFLY) has a higher volatility of 28.54% compared to Microvast Holdings, Inc. (MVST) at 23.03%. This indicates that BFLY's price experiences larger fluctuations and is considered to be riskier than MVST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFLY | MVST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.54% | 23.03% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 88.73% | 78.82% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 125.63% | 95.75% | +29.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.15% | 187.87% | -85.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.82% | 158.73% | -60.91% |
Dividends
BFLY vs. MVST - Dividend Comparison
Neither BFLY nor MVST has paid dividends to shareholders.
Financials
BFLY vs. MVST - Financials Comparison
This section allows you to compare key financial metrics between Butterfly Network, Inc. and Microvast Holdings, 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. MVST - Profitability Comparison
BFLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Butterfly Network, Inc. reported a gross profit of 19.70M and revenue of 29.02M. Therefore, the gross margin over that period was 67.9%.
MVST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Microvast Holdings, Inc. reported a gross profit of 19.16M and revenue of 60.61M. Therefore, the gross margin over that period was 31.6%.
BFLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Butterfly Network, Inc. reported an operating income of -13.66M and revenue of 29.02M, resulting in an operating margin of -47.1%.
MVST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Microvast Holdings, Inc. reported an operating income of -7.93M and revenue of 60.61M, resulting in an operating margin of -13.1%.
BFLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Butterfly Network, Inc. reported a net income of -12.91M and revenue of 29.02M, resulting in a net margin of -44.5%.
MVST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Microvast Holdings, Inc. reported a net income of 0.00 and revenue of 60.61M, resulting in a net margin of 0.0%.
Frequently Asked Questions
BFLY and MVST have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFLY has higher volatility (28.54%) compared to MVST (23.03%). In terms of maximum drawdown, BFLY dropped -97.40% vs MVST's -99.34%.
BFLY currently has the higher Sharpe Ratio (2.54 vs -0.78), 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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