BHC vs. OPTU

Last updated Aug 1, 2026

BHC (Bausch Health Companies Inc.) and OPTU (Optimum Communications, Inc) are both stocks. BHC operates in Drug Manufacturers - Specialty & Generic (Healthcare), while OPTU operates in Telecom Services (Communication Services). Over the past 5 years, BHC returned -25.11%/yr vs -52.26%/yr for OPTU. Their 0.29 correlation means their historical movements had little consistent relationship.

Performance

BHC vs. OPTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bausch Health Companies Inc. (BHC) and Optimum Communications, Inc (OPTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHC achieves a -0.86% return, which is significantly higher than OPTU's -53.81% return.

BHC

• 1D: 14.26%
• 1M: 40.61%
• 6M: 20.03%
• YTD: -0.86%
• 1Y: 20.67%
• 3Y*: -10.06%
• 5Y*: -25.11%
• 10Y*: -10.62%
• ALL TIME*: -4.87%

OPTU

• 1D: 3.00%
• 1M: -34.29%
• 6M: -50.18%
• YTD: -53.81%
• 1Y: -69.14%
• 3Y*: -38.01%
• 5Y*: -52.26%
• 10Y*: —
• ALL TIME*: -32.02%

*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)
BHC Bausch Health Companies Inc.	$34.14M	$20.89M	$15.02M
OPTU Optimum Communications, Inc	$3.09M	$7.59M	$13.25M

BHC vs. OPTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHC Bausch Health Companies Inc.	-0.86%	-13.77%	0.50%	27.71%	-77.25%	32.74%	-30.48%	61.99%	-11.12%	51.90%
OPTU Optimum Communications, Inc	-53.81%	-31.54%	-25.85%	-29.35%	-71.57%	-57.27%	38.51%	65.50%	-3.98%	-32.82%

Correlation

The correlation between BHC and OPTU is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (All Time) Calculated using the full available price history since Jun 22, 2017	0.29

Fundamentals

Market Cap BHC : $2.57B OPTU : $357.99M
EPS BHC : -$3.87 OPTU : -$9.96
PS Ratio BHC : 0.18 OPTU : 0.04
Total Revenue (TTM) BHC : $10.80B OPTU : $8.50B
Gross Profit (TTM) BHC : $7.78B OPTU : $5.50B
EBITDA (TTM) BHC : $1.78B OPTU : $3.29B

Return for Risk

BHC vs. OPTU — Risk / Return Rank

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

BHC

BHC Risk / Return Rank: 56
BHC Sharpe Ratio Rank: 56
BHC Sortino Ratio Rank: 59
BHC Omega Ratio Rank: 56
BHC Calmar Ratio Rank: 55
BHC Martin Ratio Rank: 53

OPTU

OPTU Risk / Return Rank: 9
OPTU Sharpe Ratio Rank: 15
OPTU Sortino Ratio Rank: 9
OPTU Omega Ratio Rank: 11
OPTU Calmar Ratio Rank: 7
OPTU Martin Ratio Rank: 3

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.

BHC vs. OPTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bausch Health Companies Inc. (BHC) and Optimum Communications, Inc (OPTU). 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	OPTU	Difference
Sharpe ratio: Return per unit of total volatility	0.29	-0.64	+0.94
Sortino ratio: Return per unit of downside risk	1.00	-1.20	+2.20
Omega ratio: Gain probability vs. loss probability	1.11	0.87	+0.25
Calmar ratio: Return relative to maximum drawdown	0.36	-0.91	+1.28
Martin ratio: Return relative to average drawdown	0.59	-1.69	+2.28

BHC vs. OPTU - Sharpe Ratio Comparison

The current BHC Sharpe Ratio is 0.29, which is higher than the OPTU Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of BHC and OPTU, 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

BHC vs. OPTU - Drawdown Comparison

The maximum BHC drawdown since its inception was -98.35%, roughly equal to the maximum OPTU drawdown of -98.40%. Use the drawdown chart below to compare losses from any high point for BHC and OPTU.

Drawdown Indicators

	BHC	OPTU	Difference
Max Drawdown Largest peak-to-trough decline	-98.35%	-98.40%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-46.88%	-77.69%	+30.81%
Max Drawdown (3Y) Largest decline over 3 years	-59.28%	-83.39%	+24.11%
Max Drawdown (5Y) Largest decline over 5 years	-85.34%	-98.00%	+12.66%
Max Drawdown (10Y) Largest decline over 10 years	-87.43%	—	—
Current Drawdown Current decline from peak	-97.38%	-97.99%	+0.61%
Average Drawdown Average peak-to-trough decline	-61.09%	-56.35%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.88%	42.01%	-13.13%

Volatility

BHC vs. OPTU - Volatility Comparison

Bausch Health Companies Inc. (BHC) and Optimum Communications, Inc (OPTU) have volatilities of 29.65% and 29.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHC	OPTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.65%	29.27%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	41.03%	88.10%	-47.07%
Volatility (1Y) Calculated over the trailing 1-year period	58.81%	109.97%	-51.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.52%	84.06%	-21.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.32%	67.45%	-7.13%

Dividends

BHC vs. OPTU - Dividend Comparison

Neither BHC nor OPTU has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BHC Bausch Health Companies Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OPTU Optimum Communications, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.64%

Financials

Frequently Asked Questions

Can I hold both BHC and OPTU in my portfolio?

BHC and OPTU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BHC or OPTU?

BHC has higher volatility (29.65%) compared to OPTU (29.27%). In terms of maximum drawdown, BHC dropped -98.35% vs OPTU's -98.40%.

Which has better risk-adjusted returns?

BHC currently has the higher Sharpe Ratio (0.29 vs -0.64), 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.