INNV vs. BTSG
INNV (InnovAge Holding Corp.) and BTSG (BrightSpring Health Services, Inc) are both stocks. Both are in the Healthcare sector — INNV in Medical Care Facilities, BTSG in Health Information Services. Over the past year, INNV returned 262.94% vs 204.02% for BTSG. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
INNV vs. BTSG - Performance Comparison
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Returns By Period
In the year-to-date period, INNV achieves a 118.88% return, which is significantly higher than BTSG's 59.44% return.
INNV
- 1D
- -2.07%
- 1M
- -5.25%
- 6M
- 104.68%
- YTD
- 118.88%
- 1Y
- 262.94%
- 3Y*
- 18.02%
- 5Y*
- -7.59%
- 10Y*
- —
- ALL TIME*
- -12.92%
BTSG
- 1D
- -18.07%
- 1M
- -13.50%
- 6M
- 52.05%
- YTD
- 59.44%
- 1Y
- 204.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 89.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $220.39M | $311.69M | $243.26M | |
| $2.95M | $3.34M | $3.45M |
INNV vs. BTSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
INNV InnovAge Holding Corp. | 118.88% | 32.06% | -33.28% |
BTSG BrightSpring Health Services, Inc | 59.44% | 119.91% | 41.92% |
Correlation
The correlation between INNV and BTSG is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.25 |
Fundamentals
INNV:
$1.54B
BTSG:
$11.72B
INNV:
-$0.16
BTSG:
$1.67
INNV:
1.63
BTSG:
0.91
INNV:
6.62
BTSG:
6.45
INNV:
$945.90M
BTSG:
$14.37B
INNV:
$140.05M
BTSG:
$1.78B
INNV:
$5.26M
BTSG:
$525.76M
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Return for Risk
INNV vs. BTSG — Risk / Return Rank
INNV
BTSG
INNV vs. BTSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InnovAge Holding Corp. (INNV) 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.
| INNV | BTSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.60 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 10.52 | -3.17 |
| Martin ratioReturn relative to average drawdown | 15.83 | 59.98 | -44.14 |
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Drawdowns
INNV vs. BTSG - Drawdown Comparison
The maximum INNV drawdown since its inception was -89.92%, which is greater than BTSG's maximum drawdown of -35.56%. Use the drawdown chart below to compare losses from any high point for INNV and BTSG.
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Drawdown Indicators
| INNV | BTSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.92% | -35.56% | -54.36% |
Max Drawdown (1Y)Largest decline over 1 year | -33.21% | -18.10% | -15.11% |
Max Drawdown (3Y)Largest decline over 3 years | -65.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -84.76% | — | — |
Current DrawdownCurrent decline from peak | -56.37% | -18.10% | -38.27% |
Average DrawdownAverage peak-to-trough decline | -71.97% | -7.46% | -64.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.37% | 3.22% | +12.15% |
Volatility
INNV vs. BTSG - Volatility Comparison
The current volatility for InnovAge Holding Corp. (INNV) is 13.88%, while BrightSpring Health Services, Inc (BTSG) has a volatility of 23.06%. This indicates that INNV 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
| INNV | BTSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.88% | 23.06% | -9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 51.14% | 36.11% | +15.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.81% | 43.83% | +38.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.83% | 45.18% | +29.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.87% | 45.18% | +27.69% |
Dividends
INNV vs. BTSG - Dividend Comparison
Neither INNV nor BTSG has paid dividends to shareholders.
Financials
INNV vs. BTSG - Financials Comparison
This section allows you to compare key financial metrics between InnovAge Holding Corp. 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
INNV vs. BTSG - Profitability Comparison
INNV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, InnovAge Holding Corp. reported a gross profit of 0.00 and revenue of 251.94M. Therefore, the gross margin over that period was 0.0%.
BTSG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, BrightSpring Health Services, Inc reported a gross profit of 492.75M and revenue of 3.87B. Therefore, the gross margin over that period was 12.7%.
INNV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, InnovAge Holding Corp. reported an operating income of 0.00 and revenue of 251.94M, resulting in an operating margin of 0.0%.
BTSG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, BrightSpring Health Services, Inc reported an operating income of 130.39M and revenue of 3.87B, resulting in an operating margin of 3.4%.
INNV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, InnovAge Holding Corp. reported a net income of -29.46M and revenue of 251.94M, resulting in a net margin of -11.7%.
BTSG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, BrightSpring Health Services, Inc reported a net income of 84.29M and revenue of 3.87B, resulting in a net margin of 2.2%.
Frequently Asked Questions
INNV and BTSG 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.
BTSG has higher volatility (23.06%) compared to INNV (13.88%). In terms of maximum drawdown, INNV dropped -89.92% vs BTSG's -35.56%.
BTSG currently has the higher Sharpe Ratio (4.36 vs 2.96), 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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