BTSG vs. CALX

Last updated Jun 3, 2026

BTSG (BrightSpring Health Services, Inc) and CALX (Calix, Inc.) are both stocks. BTSG operates in Health Information Services (Healthcare), while CALX operates in Software - Application (Technology). Over the past year, BTSG returned 147.97% vs -16.46% for CALX. At a 0.28 correlation, their price movements are largely independent.

Performance

BTSG vs. CALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrightSpring Health Services, Inc (BTSG) and Calix, Inc. (CALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTSG achieves a 58.45% return, which is significantly higher than CALX's -25.39% return.

BTSG

• 1D: -1.07%
• 1M: 12.86%
• YTD: 58.45%
• 6M: 68.87%
• 1Y: 147.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CALX

• 1D: -1.64%
• 1M: -9.28%
• YTD: -25.39%
• 6M: -27.74%
• 1Y: -16.46%
• 3Y*: -8.22%
• 5Y*: -2.78%
• 10Y*: 19.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTSG vs. CALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTSG BrightSpring Health Services, Inc	58.45%	119.91%	54.82%
CALX Calix, Inc.	-25.39%	51.79%	-18.81%

Correlation

The correlation between BTSG and CALX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.28

Fundamentals

Market Cap BTSG : $13.13B CALX : $2.59B
EPS BTSG : $1.42 CALX : $0.51
PE Ratio BTSG : 41.84 CALX : 77.24
PEG Ratio BTSG : 0.23 CALX : 0.75
PS Ratio BTSG : 0.95 CALX : 2.47
PB Ratio BTSG : 6.64 CALX : 3.51
Total Revenue (TTM) BTSG : $13.65B CALX : $1.06B
Gross Profit (TTM) BTSG : $1.66B CALX : $604.90M
EBITDA (TTM) BTSG : $572.07M CALX : $60.25M

Return for Risk

BTSG vs. CALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTSG

BTSG Risk / Return Rank: 95
BTSG Sharpe Ratio Rank: 96
BTSG Sortino Ratio Rank: 94
BTSG Omega Ratio Rank: 93
BTSG Calmar Ratio Rank: 95
BTSG Martin Ratio Rank: 96

CALX

CALX Risk / Return Rank: 24
CALX Sharpe Ratio Rank: 22
CALX Sortino Ratio Rank: 22
CALX Omega Ratio Rank: 22
CALX Calmar Ratio Rank: 29
CALX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTSG vs. CALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services, Inc (BTSG) and Calix, Inc. (CALX). 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.

	BTSG	CALX	Difference
Sharpe ratio Return per unit of total volatility	3.69	-0.42	+4.12
Sortino ratio Return per unit of downside risk	3.93	-0.36	+4.28
Omega ratio Gain probability vs. loss probability	1.51	0.95	+0.55
Calmar ratio Return relative to maximum drawdown	7.57	-0.33	+7.91
Martin ratio Return relative to average drawdown	24.45	-0.71	+25.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTSG vs. CALX - Sharpe Ratio Comparison

The current BTSG Sharpe Ratio is 3.69, which is higher than the CALX Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of BTSG and CALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTSG	CALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	-0.42	+4.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.42	0.12	+2.30

Drawdowns

BTSG vs. CALX - Drawdown Comparison

The maximum BTSG drawdown since its inception was -35.56%, smaller than the maximum CALX drawdown of -80.95%. Use the drawdown chart below to compare losses from any high point for BTSG and CALX.

Drawdown Indicators

	BTSG	CALX	Difference
Max Drawdown Largest peak-to-trough decline	-35.56%	-80.95%	+45.39%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-43.92%	+24.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-65.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.32%	—
Current Drawdown Current decline from peak	-3.79%	-50.62%	+46.83%
Average Drawdown Average peak-to-trough decline	-7.13%	-48.96%	+41.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	20.42%	-14.32%

Volatility

BTSG vs. CALX - Volatility Comparison

BrightSpring Health Services, Inc (BTSG) and Calix, Inc. (CALX) have volatilities of 9.70% and 10.16%, 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

	BTSG	CALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	10.16%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	28.73%	33.05%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	40.34%	38.97%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.80%	49.25%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.80%	51.42%	-7.62%

Dividends

BTSG vs. CALX - Dividend Comparison

Neither BTSG nor CALX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BTSG vs. CALX - Profitability Comparison

The chart below illustrates the profitability comparison between BrightSpring Health Services, Inc and Calix, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BTSG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services, Inc reported a gross profit of 482.22M and revenue of 3.61B. Therefore, the gross margin over that period was 13.3%.

CALX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Calix, Inc. reported a gross profit of 159.30M and revenue of 279.98M. Therefore, the gross margin over that period was 56.9%.

BTSG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services, Inc reported an operating income of 121.45M and revenue of 3.61B, resulting in an operating margin of 3.4%.

CALX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Calix, Inc. reported an operating income of 12.72M and revenue of 279.98M, resulting in an operating margin of 4.5%.

BTSG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services, Inc reported a net income of 148.77M and revenue of 3.61B, resulting in a net margin of 4.1%.

CALX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Calix, Inc. reported a net income of 11.21M and revenue of 279.98M, resulting in a net margin of 4.0%.

Frequently Asked Questions

Can I hold both BTSG and CALX in my portfolio?

BTSG and CALX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTSG or CALX?

CALX has higher volatility (10.16%) compared to BTSG (9.70%). In terms of maximum drawdown, BTSG dropped -35.56% vs CALX's -80.95%.

Which has better risk-adjusted returns?

BTSG currently has the higher Sharpe Ratio (3.69 vs -0.42), 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.