BHC vs. AU
BHC (Bausch Health Companies Inc.) and AU (AngloGold Ashanti Limited) are both stocks. BHC operates in Drug Manufacturers - Specialty & Generic (Healthcare), while AU operates in Gold (Basic Materials). Over the past 10 years, BHC returned -13.65%/yr vs 19.95%/yr for AU. At a 0.10 correlation, their price movements are largely independent.
Performance
BHC vs. AU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BHC achieves a -32.81% return, which is significantly lower than AU's 4.07% return. Over the past 10 years, BHC has underperformed AU with an annualized return of -13.65%, while AU has yielded a comparatively higher 19.95% annualized 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%
AU
- 1D
- -5.11%
- 1M
- -3.71%
- YTD
- 4.07%
- 6M
- -1.39%
- 1Y
- 89.65%
- 3Y*
- 61.47%
- 5Y*
- 39.51%
- 10Y*
- 19.95%
BHC vs. AU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHC Bausch Health Companies Inc. | -32.81% | -13.77% | 0.50% | 27.71% | -77.25% | 32.74% | -30.48% | 61.99% | -11.12% | 43.11% |
AU AngloGold Ashanti Limited | 4.07% | 288.18% | 25.43% | -2.68% | -5.09% | -4.87% | 1.90% | 78.89% | 23.96% | -2.23% |
Correlation
The correlation between BHC and AU 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.10 |
The correlation between BHC and AU shifts across timeframes, from 0.06 (10 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BHC:
-$4.32
AU:
$6.85
BHC:
0.12
AU:
3.91
BHC:
$10.55B
AU:
$11.17B
BHC:
$7.97B
AU:
$5.82B
BHC:
$1.41B
AU:
$5.58B
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
BHC vs. AU — Risk / Return Rank
BHC
AU
BHC vs. AU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bausch Health Companies Inc. (BHC) and AngloGold Ashanti Limited (AU). 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 | AU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.26 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.43 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.96 | 6.25 | -7.20 |
Loading charts...
Drawdowns
BHC vs. AU - Drawdown Comparison
The maximum BHC drawdown since its inception was -98.35%, which is greater than AU's maximum drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for BHC and AU.
Loading charts...
Drawdown Indicators
| BHC | AU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -90.12% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -44.00% | -37.03% | -6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -59.28% | -37.03% | -22.25% |
Max Drawdown (5Y)Largest decline over 5 years | -85.63% | -51.75% | -33.88% |
Max Drawdown (10Y)Largest decline over 10 years | -87.43% | -67.91% | -19.52% |
Current DrawdownCurrent decline from peak | -98.22% | -30.81% | -67.41% |
Average DrawdownAverage peak-to-trough decline | -60.93% | -46.05% | -14.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.59% | 14.40% | +11.19% |
Volatility
BHC vs. AU - Volatility Comparison
The current volatility for Bausch Health Companies Inc. (BHC) is 11.32%, while AngloGold Ashanti Limited (AU) has a volatility of 19.93%. This indicates that BHC experiences smaller price fluctuations and is considered to be less risky than AU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BHC | AU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 19.93% | -8.61% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 47.14% | -18.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 58.73% | -10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.60% | 49.25% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.82% | 49.85% | +9.97% |
Dividends
BHC vs. AU - Dividend Comparison
BHC has not paid dividends to shareholders, while AU's dividend yield for the trailing twelve months is around 5.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AU AngloGold Ashanti Limited | 5.33% | 2.96% | 1.78% | 1.14% | 2.26% | 2.58% | 0.49% | 0.30% | 0.48% | 0.93% |
BHC Bausch Health Companies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BHC vs. AU - Financials Comparison
This section allows you to compare key financial metrics between Bausch Health Companies Inc. and AngloGold Ashanti Limited. 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. AU - 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%.
AU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported a gross profit of 1.88B and revenue of 3.24B. Therefore, the gross margin over that period was 58.2%.
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%.
AU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported an operating income of 1.84B and revenue of 3.24B, resulting in an operating margin of 56.8%.
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%.
AU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported a net income of 1.28B and revenue of 3.24B, resulting in a net margin of 39.6%.
Frequently Asked Questions
BHC and AU 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.
AU has higher volatility (19.93%) compared to BHC (11.32%). In terms of maximum drawdown, BHC dropped -98.35% vs AU's -90.12%.
AU currently has the higher Sharpe Ratio (1.54 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.
Find the right allocation for BHC and AU
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