HCA vs. TMDX
HCA (HCA Healthcare, Inc.) and TMDX (TransMedics Group, Inc.) are both stocks. Both are in the Healthcare sector — HCA in Medical Care Facilities, TMDX in Medical Devices. Over the past 5 years, HCA returned 13.79%/yr vs 20.83%/yr for TMDX. At a 0.22 correlation, their price movements are largely independent.
Performance
HCA vs. TMDX - Performance Comparison
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Returns By Period
In the year-to-date period, HCA achieves a -16.94% return, which is significantly higher than TMDX's -40.07% return.
HCA
- 1D
- 2.29%
- 1M
- -8.47%
- YTD
- -16.94%
- 6M
- -19.89%
- 1Y
- 5.01%
- 3Y*
- 12.30%
- 5Y*
- 13.79%
- 10Y*
- 18.27%
TMDX
- 1D
- -0.92%
- 1M
- 15.36%
- YTD
- -40.07%
- 6M
- -42.50%
- 1Y
- -48.97%
- 3Y*
- -4.58%
- 5Y*
- 20.83%
- 10Y*
- —
HCA vs. TMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | -16.94% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.25% |
TMDX TransMedics Group, Inc. | -40.07% | 95.11% | -21.01% | 27.88% | 222.13% | -3.72% | 4.68% | -6.12% |
Correlation
The correlation between HCA and TMDX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.22 |
The correlation between HCA and TMDX shifts across timeframes, from 0.11 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HCA:
$28.46
TMDX:
$4.34
HCA:
13.60
TMDX:
16.80
HCA:
1.62
TMDX:
0.04
HCA:
1.22
TMDX:
4.54
HCA:
$75.60B
TMDX:
$635.89M
HCA:
$31.37B
TMDX:
$375.74M
HCA:
$15.60B
TMDX:
$125.51M
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Return for Risk
HCA vs. TMDX — Risk / Return Rank
HCA
TMDX
HCA vs. TMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) and TransMedics Group, Inc. (TMDX). 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.
| HCA | TMDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.86 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.84 | +0.98 |
| Martin ratioReturn relative to average drawdown | 0.44 | -1.99 | +2.43 |
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Drawdowns
HCA vs. TMDX - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, smaller than the maximum TMDX drawdown of -73.69%. Use the drawdown chart below to compare losses from any high point for HCA and TMDX.
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Drawdown Indicators
| HCA | TMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.74% | -73.69% | +18.95% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -58.76% | +25.14% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -67.79% | +34.17% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | -67.79% | +28.30% |
Max Drawdown (10Y)Largest decline over 10 years | -54.74% | — | — |
Current DrawdownCurrent decline from peak | -28.87% | -58.60% | +29.73% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -31.89% | +20.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.15% | 24.65% | -13.50% |
Volatility
HCA vs. TMDX - Volatility Comparison
The current volatility for HCA Healthcare, Inc. (HCA) is 8.97%, while TransMedics Group, Inc. (TMDX) has a volatility of 12.66%. This indicates that HCA experiences smaller price fluctuations and is considered to be less risky than TMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCA | TMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 12.66% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.53% | 43.87% | -22.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.33% | 58.06% | -30.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.90% | 72.00% | -42.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 71.72% | -39.09% |
Dividends
HCA vs. TMDX - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.76%, while TMDX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.76% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% |
TMDX TransMedics Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HCA vs. TMDX - Financials Comparison
This section allows you to compare key financial metrics between HCA Healthcare, Inc. and TransMedics Group, 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
HCA vs. TMDX - Profitability Comparison
HCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a gross profit of 8.18B and revenue of 19.51B. Therefore, the gross margin over that period was 41.9%.
TMDX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TransMedics Group, Inc. reported a gross profit of 101.16M and revenue of 173.93M. Therefore, the gross margin over that period was 58.2%.
HCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported an operating income of 3.18B and revenue of 19.51B, resulting in an operating margin of 16.3%.
TMDX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TransMedics Group, Inc. reported an operating income of 13.30M and revenue of 173.93M, resulting in an operating margin of 7.6%.
HCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HCA Healthcare, Inc. reported a net income of 1.88B and revenue of 19.51B, resulting in a net margin of 9.6%.
TMDX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TransMedics Group, Inc. reported a net income of 7.32M and revenue of 173.93M, resulting in a net margin of 4.2%.
Frequently Asked Questions
HCA and TMDX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDX has higher volatility (12.66%) compared to HCA (8.97%). In terms of maximum drawdown, HCA dropped -54.74% vs TMDX's -73.69%.
HCA currently has the higher Sharpe Ratio (0.18 vs -0.85), 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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