BTSGU vs. BTSG
BTSGU (BrightSpring Health Services Inc. Tangible Equity Unit) and BTSG (BrightSpring Health Services, Inc) are both stocks. Both operate in the Health Information Services industry within the Healthcare sector. Over the past year, BTSGU returned 227.05% vs 251.70% for BTSG. Their correlation of 0.85 suggests significant overlap in exposure.
Performance
BTSGU vs. BTSG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BTSGU having a 88.63% return and BTSG slightly higher at 90.73%.
BTSGU
- 1D
- -0.25%
- 1M
- 12.83%
- 6M
- 88.15%
- YTD
- 88.63%
- 1Y
- 227.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTSG
- 1D
- -0.21%
- 1M
- 12.97%
- 6M
- 90.33%
- YTD
- 90.73%
- 1Y
- 251.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTSGU vs. BTSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTSGU BrightSpring Health Services Inc. Tangible Equity Unit | 88.63% | 111.13% | 40.70% |
BTSG BrightSpring Health Services, Inc | 90.73% | 119.91% | 41.92% |
Correlation
The correlation between BTSGU and BTSG is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.85 |
The correlation between BTSGU and BTSG has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
Fundamentals
BTSGU:
$14.09B
BTSG:
$14.02B
BTSGU:
$1.41
BTSG:
$1.41
BTSGU:
166.41
BTSG:
50.53
BTSGU:
0.91
BTSG:
0.28
BTSGU:
3.78
BTSG:
1.15
BTSGU:
26.30
BTSG:
7.99
BTSGU:
$13.65B
BTSG:
$13.65B
BTSGU:
$1.66B
BTSG:
$1.66B
BTSGU:
$572.07M
BTSG:
$572.07M
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Return for Risk
BTSGU vs. BTSG — Risk / Return Rank
BTSGU
BTSG
BTSGU vs. BTSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) and BrightSpring Health Services, Inc (BTSG). 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.
| BTSGU | BTSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.74 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 26.09 | 26.30 | -0.21 |
| Martin ratioReturn relative to average drawdown | 74.85 | 78.71 | -3.86 |
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Drawdowns
BTSGU vs. BTSG - Drawdown Comparison
The maximum BTSGU drawdown since its inception was -32.46%, smaller than the maximum BTSG drawdown of -35.56%. Use the drawdown chart below to compare losses from any high point for BTSGU and BTSG.
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Drawdown Indicators
| BTSGU | BTSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.46% | -35.56% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -9.28% | +0.52% |
Current DrawdownCurrent decline from peak | -0.25% | -0.21% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -7.56% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.16% | -0.11% |
Volatility
BTSGU vs. BTSG - Volatility Comparison
BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) has a higher volatility of 7.49% compared to BrightSpring Health Services, Inc (BTSG) at 6.39%. This indicates that BTSGU's price experiences larger fluctuations and is considered to be riskier than BTSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTSGU | BTSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 6.39% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 28.43% | 28.88% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.88% | 39.61% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.29% | 43.66% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.29% | 43.66% | -5.37% |
Dividends
BTSGU vs. BTSG - Dividend Comparison
BTSGU's dividend yield for the trailing twelve months is around 1.43%, while BTSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTSG BrightSpring Health Services, Inc | 0.00% | 0.00% | 0.00% |
BTSGU BrightSpring Health Services Inc. Tangible Equity Unit | 1.43% | 2.67% | 2.70% |
Financials
BTSGU vs. BTSG - Financials Comparison
This section allows you to compare key financial metrics between BrightSpring Health Services Inc. Tangible Equity Unit and BrightSpring Health Services, 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
BTSGU vs. BTSG - Profitability Comparison
BTSGU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, BrightSpring Health Services Inc. Tangible Equity Unit reported a gross profit of 482.22M and revenue of 3.61B. Therefore, the gross margin over that period was 13.3%.
BTSG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
BTSGU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, BrightSpring Health Services Inc. Tangible Equity Unit reported an operating income of 121.45M and revenue of 3.61B, resulting in an operating margin of 3.4%.
BTSG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
BTSGU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, BrightSpring Health Services Inc. Tangible Equity Unit reported a net income of 148.77M and revenue of 3.61B, resulting in a net margin of 4.1%.
BTSG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
Frequently Asked Questions
BTSGU and BTSG have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTSGU has higher volatility (7.49%) compared to BTSG (6.39%). In terms of maximum drawdown, BTSGU dropped -32.46% vs BTSG's -35.56%.
BTSG currently has the higher Sharpe Ratio (6.18 vs 6.05), 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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