CALX vs. BMI
CALX (Calix, Inc.) and BMI (Badger Meter, Inc.) are both stocks. CALX operates in Software - Application (Technology), while BMI operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, CALX returned 18.42%/yr vs 15.51%/yr for BMI. At a 0.38 correlation, their price movements are largely independent.
Performance
CALX vs. BMI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CALX achieves a -30.97% return, which is significantly lower than BMI's -22.96% return. Over the past 10 years, CALX has outperformed BMI with an annualized return of 18.42%, while BMI has yielded a comparatively lower 15.51% annualized return.
CALX
- 1D
- 0.50%
- 1M
- -6.86%
- YTD
- -30.97%
- 6M
- -33.10%
- 1Y
- -26.29%
- 3Y*
- -9.06%
- 5Y*
- -5.31%
- 10Y*
- 18.42%
BMI
- 1D
- 4.51%
- 1M
- 6.15%
- YTD
- -22.96%
- 6M
- -26.39%
- 1Y
- -45.39%
- 3Y*
- -1.63%
- 5Y*
- 7.68%
- 10Y*
- 15.51%
CALX vs. BMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALX Calix, Inc. | -30.97% | 51.79% | -20.19% | -36.15% | -14.43% | 168.72% | 272.00% | -17.95% | 63.87% | -22.73% |
BMI Badger Meter, Inc. | -22.96% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 46.37% | 33.46% | 4.09% | 30.91% |
Correlation
The correlation between CALX and BMI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2010 | 0.38 |
The correlation between CALX and BMI shifts across timeframes, from 0.19 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CALX:
$2.40B
BMI:
$3.92B
CALX:
$0.51
BMI:
$4.42
CALX:
71.47
BMI:
30.20
CALX:
0.70
BMI:
1.26
CALX:
2.28
BMI:
4.40
CALX:
3.25
BMI:
4.04
CALX:
$1.06B
BMI:
$896.73M
CALX:
$604.90M
BMI:
$370.96M
CALX:
$60.25M
BMI:
$199.34M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CALX vs. BMI — Risk / Return Rank
CALX
BMI
CALX vs. BMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calix, Inc. (CALX) and Badger Meter, Inc. (BMI). 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.
| CALX | BMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.80 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.85 | +0.28 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.34 | +0.21 |
Loading charts...
Drawdowns
CALX vs. BMI - Drawdown Comparison
The maximum CALX drawdown since its inception was -80.95%, which is greater than BMI's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for CALX and BMI.
Loading charts...
Drawdown Indicators
| CALX | BMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.95% | -68.22% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -46.86% | -53.75% | +6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -46.86% | -55.06% | +8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -65.32% | -55.06% | -10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -65.32% | -55.06% | -10.26% |
Current DrawdownCurrent decline from peak | -54.31% | -46.89% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -49.37% | -19.04% | -30.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.14% | 33.90% | -10.76% |
Volatility
CALX vs. BMI - Volatility Comparison
The current volatility for Calix, Inc. (CALX) is 8.04%, while Badger Meter, Inc. (BMI) has a volatility of 9.82%. This indicates that CALX experiences smaller price fluctuations and is considered to be less risky than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CALX | BMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 9.82% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 33.10% | 39.18% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.25% | 44.74% | -5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 34.00% | +15.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.36% | 33.71% | +17.65% |
Dividends
CALX vs. BMI - Dividend Comparison
CALX has not paid dividends to shareholders, while BMI's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | 1.20% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
CALX Calix, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CALX vs. BMI - Financials Comparison
This section allows you to compare key financial metrics between Calix, Inc. and Badger Meter, 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
CALX vs. BMI - Profitability Comparison
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%.
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.
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%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.
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%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.
Frequently Asked Questions
CALX and BMI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMI has higher volatility (9.82%) compared to CALX (8.04%). In terms of maximum drawdown, CALX dropped -80.95% vs BMI's -68.22%.
CALX currently has the higher Sharpe Ratio (-0.67 vs -1.02), 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.
Find the right allocation for CALX and BMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer