BHC vs. VTRS
BHC (Bausch Health Companies Inc.) and VTRS (Viatris Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, BHC returned -30.63%/yr vs 6.02%/yr for VTRS. At a 0.38 correlation, their price movements are largely independent.
Performance
BHC vs. VTRS - 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 VTRS's 25.50% 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%
VTRS
- 1D
- 0.07%
- 1M
- -7.63%
- YTD
- 25.50%
- 6M
- 30.10%
- 1Y
- 80.23%
- 3Y*
- 21.50%
- 5Y*
- 6.02%
- 10Y*
- —
BHC vs. VTRS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BHC Bausch Health Companies Inc. | -32.81% | -13.77% | 0.50% | 27.71% | -77.25% | 32.74% | 6.12% |
VTRS Viatris Inc. | 25.50% | 5.08% | 19.68% | 2.06% | -14.29% | -26.12% | 19.82% |
Correlation
The correlation between BHC and VTRS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.38 |
Fundamentals
BHC:
-$4.32
VTRS:
-$0.25
BHC:
0.12
VTRS:
1.23
BHC:
$10.55B
VTRS:
$14.56B
BHC:
$7.97B
VTRS:
$5.01B
BHC:
$1.41B
VTRS:
$1.89B
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Return for Risk
BHC vs. VTRS — Risk / Return Rank
BHC
VTRS
BHC vs. VTRS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bausch Health Companies Inc. (BHC) and Viatris Inc. (VTRS). 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 | VTRS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.43 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 4.25 | -4.81 |
| Martin ratioReturn relative to average drawdown | -0.96 | 11.93 | -12.88 |
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Drawdowns
BHC vs. VTRS - Drawdown Comparison
The maximum BHC drawdown since its inception was -98.35%, which is greater than VTRS's maximum drawdown of -54.33%. Use the drawdown chart below to compare losses from any high point for BHC and VTRS.
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Drawdown Indicators
| BHC | VTRS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.35% | -54.33% | -44.02% |
Max Drawdown (1Y)Largest decline over 1 year | -44.00% | -18.97% | -25.03% |
Max Drawdown (3Y)Largest decline over 3 years | -59.28% | -45.02% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -85.63% | -45.69% | -39.94% |
Max Drawdown (10Y)Largest decline over 10 years | -87.43% | — | — |
Current DrawdownCurrent decline from peak | -98.22% | -10.91% | -87.31% |
Average DrawdownAverage peak-to-trough decline | -60.93% | -30.66% | -30.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.59% | 6.75% | +18.84% |
Volatility
BHC vs. VTRS - Volatility Comparison
Bausch Health Companies Inc. (BHC) has a higher volatility of 11.32% compared to Viatris Inc. (VTRS) at 7.88%. This indicates that BHC's price experiences larger fluctuations and is considered to be riskier than VTRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHC | VTRS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.32% | 7.88% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 23.71% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 32.45% | +15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.60% | 33.41% | +27.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.82% | 33.88% | +25.94% |
Dividends
BHC vs. VTRS - Dividend Comparison
BHC has not paid dividends to shareholders, while VTRS's dividend yield for the trailing twelve months is around 3.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BHC Bausch Health Companies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTRS Viatris Inc. | 3.12% | 3.86% | 3.86% | 4.43% | 4.31% | 2.44% |
Financials
BHC vs. VTRS - Financials Comparison
This section allows you to compare key financial metrics between Bausch Health Companies Inc. and Viatris 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. VTRS - 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%.
VTRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viatris Inc. reported a gross profit of 1.16B and revenue of 3.52B. Therefore, the gross margin over that period was 32.9%.
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%.
VTRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viatris Inc. reported an operating income of -79.70M and revenue of 3.52B, resulting in an operating margin of -2.3%.
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%.
VTRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viatris Inc. reported a net income of 176.40M and revenue of 3.52B, resulting in a net margin of 5.0%.
Frequently Asked Questions
BHC and VTRS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHC has higher volatility (11.32%) compared to VTRS (7.88%). In terms of maximum drawdown, BHC dropped -98.35% vs VTRS's -54.33%.
VTRS currently has the higher Sharpe Ratio (2.49 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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