FATE vs. BFLY

Last updated Jun 25, 2026

FATE (Fate Therapeutics, Inc.) and BFLY (Butterfly Network, Inc.) are both stocks. Both are in the Healthcare sector — FATE in Biotechnology, BFLY in Medical Devices. Over the past 5 years, FATE returned -52.43%/yr vs -11.57%/yr for BFLY. At a 0.43 correlation, their price movements are largely independent.

Performance

FATE vs. BFLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fate Therapeutics, Inc. (FATE) and Butterfly Network, Inc. (BFLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FATE having a 109.65% return and BFLY slightly lower at 104.47%.

FATE

• 1D: -4.63%
• 1M: -8.44%
• YTD: 109.65%
• 6M: 103.96%
• 1Y: 76.07%
• 3Y*: -25.64%
• 5Y*: -52.43%
• 10Y*: 0.87%

BFLY

• 1D: 1.30%
• 1M: 73.83%
• YTD: 104.47%
• 6M: 96.71%
• 1Y: 286.57%
• 3Y*: 54.67%
• 5Y*: -11.57%
• 10Y*: —

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

FATE vs. BFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FATE Fate Therapeutics, Inc.	109.65%	-40.45%	-55.88%	-62.93%	-82.76%	-35.65%	157.88%
BFLY Butterfly Network, Inc.	104.47%	21.79%	188.89%	-56.10%	-63.23%	-66.20%	94.78%

Correlation

The correlation between FATE and BFLY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020	0.43

The correlation between FATE and BFLY shifts across timeframes, from 0.33 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FATE : $247.26M BFLY : $1.99B
EPS FATE : -$1.09 BFLY : -$0.30
PS Ratio FATE : 38.84 BFLY : 18.93
PB Ratio FATE : 1.38 BFLY : 10.42
Total Revenue (TTM) FATE : $6.32M BFLY : $102.92M
Gross Profit (TTM) FATE : -$7.88M BFLY : $50.64M
EBITDA (TTM) FATE : -$135.03M BFLY : -$70.00M

Return for Risk

FATE vs. BFLY — Risk / Return Rank

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

FATE

FATE Risk / Return Rank: 71
FATE Sharpe Ratio Rank: 69
FATE Sortino Ratio Rank: 74
FATE Omega Ratio Rank: 68
FATE Calmar Ratio Rank: 75
FATE Martin Ratio Rank: 69

BFLY

BFLY Risk / Return Rank: 93
BFLY Sharpe Ratio Rank: 92
BFLY Sortino Ratio Rank: 93
BFLY Omega Ratio Rank: 91
BFLY Calmar Ratio Rank: 96
BFLY Martin Ratio Rank: 93

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.

FATE vs. BFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fate Therapeutics, Inc. (FATE) and Butterfly Network, Inc. (BFLY). 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.

	FATE	BFLY	Difference
Sharpe ratio: Return per unit of total volatility	0.81	2.34	-1.53
Sortino ratio: Return per unit of downside risk	1.84	3.41	-1.56
Omega ratio: Gain probability vs. loss probability	1.20	1.42	-0.21
Calmar ratio: Return relative to maximum drawdown	1.84	7.11	-5.27
Martin ratio: Return relative to average drawdown	3.14	14.84	-11.69

FATE vs. BFLY - Sharpe Ratio Comparison

The current FATE Sharpe Ratio is 0.81, which is lower than the BFLY Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FATE and BFLY, 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

FATE vs. BFLY - Drawdown Comparison

The maximum FATE drawdown since its inception was -99.42%, roughly equal to the maximum BFLY drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for FATE and BFLY.

Drawdown Indicators

	FATE	BFLY	Difference
Max Drawdown Largest peak-to-trough decline	-99.42%	-97.40%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-41.58%	-40.61%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-91.86%	-73.20%	-18.66%
Max Drawdown (5Y) Largest decline over 5 years	-99.29%	-95.13%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-99.42%	—	—
Current Drawdown Current decline from peak	-98.25%	-71.37%	-26.88%
Average Drawdown Average peak-to-trough decline	-58.65%	-75.95%	+17.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.30%	19.42%	+4.88%

Volatility

FATE vs. BFLY - Volatility Comparison

The current volatility for Fate Therapeutics, Inc. (FATE) is 29.89%, while Butterfly Network, Inc. (BFLY) has a volatility of 54.92%. This indicates that FATE experiences smaller price fluctuations and is considered to be less risky than BFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FATE	BFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.89%	54.92%	-25.03%
Volatility (6M) Calculated over the trailing 6-month period	69.45%	86.37%	-16.92%
Volatility (1Y) Calculated over the trailing 1-year period	94.42%	123.22%	-28.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.47%	101.55%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.28%	97.82%	-11.54%

Dividends

FATE vs. BFLY - Dividend Comparison

Neither FATE nor BFLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FATE and BFLY in my portfolio?

FATE and BFLY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FATE or BFLY?

BFLY has higher volatility (54.92%) compared to FATE (29.89%). In terms of maximum drawdown, FATE dropped -99.42% vs BFLY's -97.40%.

Which has better risk-adjusted returns?

BFLY currently has the higher Sharpe Ratio (2.34 vs 0.81), 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.