BTSGU vs. PRVA

Last updated Jun 23, 2026

BTSGU (BrightSpring Health Services Inc. Tangible Equity Unit) and PRVA (Privia Health Group, Inc.) are both stocks. Both operate in the Health Information Services industry within the Healthcare sector. Over the past year, BTSGU returned 193.56% vs 7.51% for PRVA. At a 0.22 correlation, their price movements are largely independent.

Performance

BTSGU vs. PRVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) and Privia Health Group, Inc. (PRVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTSGU achieves a 78.43% return, which is significantly higher than PRVA's -0.93% return.

BTSGU

• 1D: 1.75%
• 1M: 14.66%
• YTD: 78.43%
• 6M: 77.32%
• 1Y: 193.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRVA

• 1D: -0.76%
• 1M: 3.07%
• YTD: -0.93%
• 6M: -2.21%
• 1Y: 7.51%
• 3Y*: -1.20%
• 5Y*: -12.90%
• 10Y*: —

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

BTSGU vs. PRVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTSGU BrightSpring Health Services Inc. Tangible Equity Unit	78.43%	111.13%	40.70%
PRVA Privia Health Group, Inc.	-0.93%	21.28%	-13.99%

Correlation

The correlation between BTSGU and PRVA 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 (All Time) Calculated using the full available price history since Jan 26, 2024	0.22

Fundamentals

Market Cap BTSGU : $49.25B PRVA : $3.07B
EPS BTSGU : $1.42 PRVA : $23.78
PE Ratio BTSGU : 156.90 PRVA : 0.99
PEG Ratio BTSGU : 0.86 PRVA : 0.01
PS Ratio BTSGU : 3.56 PRVA : 1.36
PB Ratio BTSGU : 24.88 PRVA : 0.00
Total Revenue (TTM) BTSGU : $13.65B PRVA : $2.25B
Gross Profit (TTM) BTSGU : $1.66B PRVA : $158.32M
EBITDA (TTM) BTSGU : $572.07M PRVA : $53.65M

Return for Risk

BTSGU vs. PRVA — Risk / Return Rank

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

BTSGU

BTSGU Risk / Return Rank: 98
BTSGU Sharpe Ratio Rank: 99
BTSGU Sortino Ratio Rank: 98
BTSGU Omega Ratio Rank: 97
BTSGU Calmar Ratio Rank: 98
BTSGU Martin Ratio Rank: 99

PRVA

PRVA Risk / Return Rank: 48
PRVA Sharpe Ratio Rank: 51
PRVA Sortino Ratio Rank: 46
PRVA Omega Ratio Rank: 43
PRVA Calmar Ratio Rank: 50
PRVA Martin Ratio Rank: 50

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.

BTSGU vs. PRVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) and Privia Health Group, Inc. (PRVA). 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	PRVA	Difference
Sharpe ratio: Return per unit of total volatility	5.12	0.23	+4.89
Sortino ratio: Return per unit of downside risk	5.09	0.59	+4.50
Omega ratio: Gain probability vs. loss probability	1.68	1.07	+0.62
Calmar ratio: Return relative to maximum drawdown	12.44	0.31	+12.13
Martin ratio: Return relative to average drawdown	40.81	0.65	+40.16

BTSGU vs. PRVA - Sharpe Ratio Comparison

The current BTSGU Sharpe Ratio is 5.12, which is higher than the PRVA Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of BTSGU and PRVA, 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

BTSGU vs. PRVA - Drawdown Comparison

The maximum BTSGU drawdown since its inception was -32.46%, smaller than the maximum PRVA drawdown of -67.33%. Use the drawdown chart below to compare losses from any high point for BTSGU and PRVA.

Drawdown Indicators

	BTSGU	PRVA	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-67.33%	+34.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.66%	-24.17%	+8.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-42.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.33%	—
Current Drawdown Current decline from peak	0.00%	-52.30%	+52.30%
Average Drawdown Average peak-to-trough decline	-6.12%	-48.76%	+42.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	11.56%	-6.80%

Volatility

BTSGU vs. PRVA - Volatility Comparison

BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) has a higher volatility of 11.42% compared to Privia Health Group, Inc. (PRVA) at 8.91%. This indicates that BTSGU's price experiences larger fluctuations and is considered to be riskier than PRVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTSGU	PRVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.42%	8.91%	+2.51%
Volatility (6M) Calculated over the trailing 6-month period	28.57%	23.95%	+4.62%
Volatility (1Y) Calculated over the trailing 1-year period	38.13%	32.56%	+5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.51%	48.73%	-10.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	54.36%	-15.85%

Dividends

BTSGU vs. PRVA - Dividend Comparison

BTSGU's dividend yield for the trailing twelve months is around 1.52%, while PRVA has not paid dividends to shareholders.

Position	TTM	2025	2024
BTSGU BrightSpring Health Services Inc. Tangible Equity Unit	1.52%	2.67%	2.70%
PRVA Privia Health Group, Inc.	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BTSGU and PRVA in my portfolio?

BTSGU and PRVA 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.

Which is riskier, BTSGU or PRVA?

BTSGU has higher volatility (11.42%) compared to PRVA (8.91%). In terms of maximum drawdown, BTSGU dropped -32.46% vs PRVA's -67.33%.

Which has better risk-adjusted returns?

BTSGU currently has the higher Sharpe Ratio (5.12 vs 0.23), 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.