BHC vs. AAMI
BHC (Bausch Health Companies Inc.) and AAMI (Acadian Asset Management Inc) are both stocks. BHC operates in Drug Manufacturers - Specialty & Generic (Healthcare), while AAMI operates in Asset Management (Financial Services). Over the past 5 years, BHC returned -30.63%/yr vs 25.65%/yr for AAMI. At a 0.31 correlation, their price movements are largely independent.
Performance
BHC vs. AAMI - Performance Comparison
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Returns By Period
In the year-to-date period, BHC achieves a -32.81% return, which is significantly lower than AAMI's 57.73% return.
BHC
- 1D
- -2.10%
- 1M
- -14.63%
- YTD
- -32.81%
- 6M
- -33.19%
- 1Y
- -24.43%
- 3Y*
- -13.40%
- 5Y*
- -30.63%
- 10Y*
- -13.65%
AAMI
- 1D
- -1.68%
- 1M
- 3.36%
- YTD
- 57.73%
- 6M
- 53.99%
- 1Y
- 134.32%
- 3Y*
- 54.11%
- 5Y*
- 25.65%
- 10Y*
- —
BHC vs. AAMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BHC Bausch Health Companies Inc. | -32.81% | -13.77% | 0.50% | 27.71% | -77.25% | 32.74% | -30.48% | 61.99% | 20.17% |
AAMI Acadian Asset Management Inc | 57.73% | 78.64% | 37.70% | -6.72% | -19.45% | 33.00% | 93.85% | -0.80% | -30.71% |
Correlation
The correlation between BHC and AAMI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | 0.31 |
The correlation between BHC and AAMI shifts across timeframes, from 0.20 (3 years) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BHC:
-$4.32
AAMI:
$2.35
BHC:
0.12
AAMI:
4.13
BHC:
$10.55B
AAMI:
$641.50M
BHC:
$7.97B
AAMI:
$652.90M
BHC:
$1.41B
AAMI:
$185.00M
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Return for Risk
BHC vs. AAMI — Risk / Return Rank
BHC
AAMI
BHC vs. AAMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bausch Health Companies Inc. (BHC) and Acadian Asset Management Inc (AAMI). 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.
| BHC | AAMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.50 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 7.42 | -7.98 |
| Martin ratioReturn relative to average drawdown | -0.96 | 19.97 | -20.92 |
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Drawdowns
BHC vs. AAMI - Drawdown Comparison
The maximum BHC drawdown since its inception was -98.35%, which is greater than AAMI's maximum drawdown of -75.23%. Use the drawdown chart below to compare losses from any high point for BHC and AAMI.
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Drawdown Indicators
| BHC | AAMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -75.23% | -23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -44.00% | -18.20% | -25.80% |
Max Drawdown (3Y)Largest decline over 3 years | -59.28% | -29.63% | -29.65% |
Max Drawdown (5Y)Largest decline over 5 years | -85.63% | -51.45% | -34.18% |
Max Drawdown (10Y)Largest decline over 10 years | -87.43% | — | — |
Current DrawdownCurrent decline from peak | -98.22% | -10.67% | -87.55% |
Average DrawdownAverage peak-to-trough decline | -60.93% | -20.58% | -40.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.59% | 6.75% | +18.84% |
Volatility
BHC vs. AAMI - Volatility Comparison
The current volatility for Bausch Health Companies Inc. (BHC) is 11.32%, while Acadian Asset Management Inc (AAMI) has a volatility of 14.57%. This indicates that BHC experiences smaller price fluctuations and is considered to be less risky than AAMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHC | AAMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 14.57% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 28.41% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 41.21% | +7.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.60% | 34.88% | +25.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.82% | 42.19% | +17.63% |
Dividends
BHC vs. AAMI - Dividend Comparison
BHC has not paid dividends to shareholders, while AAMI's dividend yield for the trailing twelve months is around 0.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AAMI Acadian Asset Management Inc | 0.30% | 0.09% | 0.15% | 0.21% | 0.19% | 0.16% | 1.19% | 3.91% | 2.81% |
BHC Bausch Health Companies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BHC vs. AAMI - Financials Comparison
This section allows you to compare key financial metrics between Bausch Health Companies Inc. and Acadian Asset Management 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
BHC vs. AAMI - Profitability Comparison
BHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bausch Health Companies Inc. reported a gross profit of 2.48B and revenue of 2.50B. Therefore, the gross margin over that period was 99.3%.
AAMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Acadian Asset Management Inc reported a gross profit of 159.30M and revenue of 167.10M. Therefore, the gross margin over that period was 95.3%.
BHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bausch Health Companies Inc. reported an operating income of -950.00M and revenue of 2.50B, resulting in an operating margin of -38.0%.
AAMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Acadian Asset Management Inc reported an operating income of 42.00M and revenue of 167.10M, resulting in an operating margin of 25.1%.
BHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bausch Health Companies Inc. reported a net income of -1.42B and revenue of 2.50B, resulting in a net margin of -56.9%.
AAMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Acadian Asset Management Inc reported a net income of 24.30M and revenue of 167.10M, resulting in a net margin of 14.5%.
Frequently Asked Questions
BHC and AAMI 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.
AAMI has higher volatility (14.57%) compared to BHC (11.32%). In terms of maximum drawdown, BHC dropped -98.35% vs AAMI's -75.23%.
AAMI currently has the higher Sharpe Ratio (3.29 vs -0.51), 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.
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