CALX vs. BTSG
CALX (Calix, Inc.) and BTSG (BrightSpring Health Services, Inc) are both stocks. CALX operates in Software - Application (Technology), while BTSG operates in Health Information Services (Healthcare). Over the past year, CALX returned -24.91% vs 193.54% for BTSG. At a 0.28 correlation, their price movements are largely independent.
Performance
CALX vs. BTSG - Performance Comparison
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Returns By Period
In the year-to-date period, CALX achieves a -31.31% return, which is significantly lower than BTSG's 78.48% return.
CALX
- 1D
- -2.96%
- 1M
- -7.32%
- YTD
- -31.31%
- 6M
- -34.40%
- 1Y
- -24.91%
- 3Y*
- -9.21%
- 5Y*
- -5.07%
- 10Y*
- 18.36%
BTSG
- 1D
- -0.54%
- 1M
- 14.26%
- YTD
- 78.48%
- 6M
- 76.92%
- 1Y
- 193.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CALX vs. BTSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CALX Calix, Inc. | -31.31% | 51.79% | -20.79% |
BTSG BrightSpring Health Services, Inc | 78.48% | 119.91% | 41.92% |
Correlation
The correlation between CALX and BTSG 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 26, 2024 | 0.28 |
Fundamentals
CALX:
$2.38B
BTSG:
$14.79B
CALX:
$0.51
BTSG:
$1.42
CALX:
71.12
BTSG:
47.13
CALX:
0.69
BTSG:
0.26
CALX:
2.27
BTSG:
1.07
CALX:
3.23
BTSG:
7.47
CALX:
$1.06B
BTSG:
$13.65B
CALX:
$604.90M
BTSG:
$1.66B
CALX:
$60.25M
BTSG:
$572.07M
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Return for Risk
CALX vs. BTSG — Risk / Return Rank
CALX
BTSG
CALX vs. BTSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calix, Inc. (CALX) 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.
| CALX | BTSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.49 | ||
| Sortino ratioReturn per unit of downside risk | -5.39 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.62 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 10.86 | -11.40 |
| Martin ratioReturn relative to average drawdown | -1.09 | 36.86 | -37.94 |
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Drawdowns
CALX vs. BTSG - Drawdown Comparison
The maximum CALX drawdown since its inception was -80.95%, which is greater than BTSG's maximum drawdown of -35.56%. Use the drawdown chart below to compare losses from any high point for CALX and BTSG.
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Drawdown Indicators
| CALX | BTSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.95% | -35.56% | -45.39% |
Max Drawdown (1Y)Largest decline over 1 year | -46.86% | -17.93% | -28.93% |
Max Drawdown (3Y)Largest decline over 3 years | -46.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -65.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.32% | — | — |
Current DrawdownCurrent decline from peak | -54.53% | -0.54% | -53.99% |
Average DrawdownAverage peak-to-trough decline | -49.36% | -7.70% | -41.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.96% | 5.28% | +17.68% |
Volatility
CALX vs. BTSG - Volatility Comparison
The current volatility for Calix, Inc. (CALX) is 8.36%, while BrightSpring Health Services, Inc (BTSG) has a volatility of 10.26%. This indicates that CALX experiences smaller price fluctuations and is considered to be less risky 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
| CALX | BTSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 10.26% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 33.15% | 29.18% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.29% | 40.15% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.16% | 44.00% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.37% | 44.00% | +7.37% |
Dividends
CALX vs. BTSG - Dividend Comparison
Neither CALX nor BTSG has paid dividends to shareholders.
Financials
CALX vs. BTSG - Financials Comparison
This section allows you to compare key financial metrics between Calix, Inc. 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
CALX vs. BTSG - 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%.
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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
CALX and BTSG 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.
BTSG has higher volatility (10.26%) compared to CALX (8.36%). In terms of maximum drawdown, CALX dropped -80.95% vs BTSG's -35.56%.
BTSG currently has the higher Sharpe Ratio (4.86 vs -0.64), 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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