HAL vs. BBAI

Last updated Jun 13, 2026

HAL (Halliburton Company) and BBAI (BigBear.ai Holdings, Inc.) are both stocks. HAL operates in Oil & Gas Equipment & Services (Energy), while BBAI operates in Information Technology Services (Technology). Over the past 3 years, HAL returned 9.02%/yr vs 20.46%/yr for BBAI. At a 0.10 correlation, their price movements are largely independent.

Performance

HAL vs. BBAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Halliburton Company (HAL) and BigBear.ai Holdings, Inc. (BBAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAL achieves a 41.41% return, which is significantly higher than BBAI's -25.56% return.

HAL

• 1D: -0.40%
• 1M: -3.05%
• YTD: 41.41%
• 6M: 39.63%
• 1Y: 84.34%
• 3Y*: 9.02%
• 5Y*: 12.63%
• 10Y*: 0.88%

BBAI

• 1D: -2.90%
• 1M: -4.51%
• YTD: -25.56%
• 6M: -36.99%
• 1Y: 4.96%
• 3Y*: 20.46%
• 5Y*: —
• 10Y*: —

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

HAL vs. BBAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HAL Halliburton Company	41.41%	7.02%	-23.19%	-6.47%	74.45%	1.37%
BBAI BigBear.ai Holdings, Inc.	-25.56%	21.35%	107.94%	217.65%	-88.10%	-27.90%

Correlation

The correlation between HAL and BBAI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.10

Fundamentals

Market Cap HAL : $33.22B BBAI : $19.02B
EPS HAL : $1.82 BBAI : -$0.13
PS Ratio HAL : 1.51 BBAI : 71.71
PB Ratio HAL : 3.07 BBAI : 24.06
Total Revenue (TTM) HAL : $22.17B BBAI : $127.35M
Gross Profit (TTM) HAL : $3.40B BBAI : $32.81M
EBITDA (TTM) HAL : $3.83B BBAI : -$230.18M

Return for Risk

HAL vs. BBAI — Risk / Return Rank

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

HAL

HAL Risk / Return Rank: 92
HAL Sharpe Ratio Rank: 92
HAL Sortino Ratio Rank: 90
HAL Omega Ratio Rank: 87
HAL Calmar Ratio Rank: 95
HAL Martin Ratio Rank: 94

BBAI

BBAI Risk / Return Rank: 47
BBAI Sharpe Ratio Rank: 44
BBAI Sortino Ratio Rank: 54
BBAI Omega Ratio Rank: 49
BBAI Calmar Ratio Rank: 45
BBAI Martin Ratio Rank: 44

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.

HAL vs. BBAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Halliburton Company (HAL) and BigBear.ai Holdings, Inc. (BBAI). 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.

	HAL	BBAI	Difference
Sharpe ratio: Return per unit of total volatility	2.31	0.05	+2.26
Sortino ratio: Return per unit of downside risk	3.05	0.88	+2.17
Omega ratio: Gain probability vs. loss probability	1.36	1.09	+0.27
Calmar ratio: Return relative to maximum drawdown	6.47	0.08	+6.40
Martin ratio: Return relative to average drawdown	16.47	0.13	+16.34

HAL vs. BBAI - Sharpe Ratio Comparison

The current HAL Sharpe Ratio is 2.31, which is higher than the BBAI Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of HAL and BBAI, 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

HAL vs. BBAI - Drawdown Comparison

The maximum HAL drawdown since its inception was -92.99%, roughly equal to the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for HAL and BBAI.

Drawdown Indicators

	HAL	BBAI	Difference
Max Drawdown Largest peak-to-trough decline	-92.99%	-95.01%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	-65.88%	+52.78%
Max Drawdown (3Y) Largest decline over 3 years	-54.01%	-75.56%	+21.55%
Max Drawdown (5Y) Largest decline over 5 years	-54.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.45%	—	—
Current Drawdown Current decline from peak	-32.89%	-68.32%	+35.43%
Average Drawdown Average peak-to-trough decline	-39.12%	-70.80%	+31.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	39.29%	-34.15%

Volatility

HAL vs. BBAI - Volatility Comparison

The current volatility for Halliburton Company (HAL) is 9.32%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 25.86%. This indicates that HAL experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAL	BBAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.32%	25.86%	-16.54%
Volatility (6M) Calculated over the trailing 6-month period	24.13%	56.70%	-32.57%
Volatility (1Y) Calculated over the trailing 1-year period	36.76%	97.19%	-60.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.18%	174.65%	-134.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.96%	174.65%	-128.69%

Dividends

HAL vs. BBAI - Dividend Comparison

HAL's dividend yield for the trailing twelve months is around 1.72%, while BBAI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBAI BigBear.ai Holdings, 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%
HAL Halliburton Company	1.72%	2.41%	2.50%	1.77%	1.22%	0.79%	1.67%	2.94%	2.71%	1.47%	1.33%	2.12%

Financials

Frequently Asked Questions

Can I hold both HAL and BBAI in my portfolio?

HAL and BBAI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAL or BBAI?

BBAI has higher volatility (25.86%) compared to HAL (9.32%). In terms of maximum drawdown, HAL dropped -92.99% vs BBAI's -95.01%.

Which has better risk-adjusted returns?

HAL currently has the higher Sharpe Ratio (2.31 vs 0.05), 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.