MGNX vs. BFLY

Last updated Jun 5, 2026

MGNX (MacroGenics, Inc.) and BFLY (Butterfly Network, Inc.) are both stocks. Both are in the Healthcare sector — MGNX in Biotechnology, BFLY in Medical Devices. Over the past 5 years, MGNX returned -30.92%/yr vs -17.11%/yr for BFLY. At a 0.29 correlation, their price movements are largely independent.

Performance

MGNX vs. BFLY - Performance Comparison

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

Returns By Period

In the year-to-date period, MGNX achieves a 163.98% return, which is significantly higher than BFLY's 36.58% return.

MGNX

• 1D: 1.19%
• 1M: 34.92%
• YTD: 163.98%
• 6M: 207.97%
• 1Y: 183.33%
• 3Y*: -5.40%
• 5Y*: -30.92%
• 10Y*: -17.24%

BFLY

• 1D: 18.22%
• 1M: 7.68%
• YTD: 36.58%
• 6M: 69.61%
• 1Y: 117.15%
• 3Y*: 31.35%
• 5Y*: -17.11%
• 10Y*: —

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

MGNX vs. BFLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MGNX MacroGenics, Inc.	163.98%	-50.46%	-66.22%	43.37%	-58.19%	-29.79%	-20.32%
BFLY Butterfly Network, Inc.	36.58%	21.79%	188.89%	-56.10%	-63.23%	-66.20%	99.90%

Correlation

The correlation between MGNX and BFLY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020	0.29

Fundamentals

Market Cap MGNX : $269.66M BFLY : $1.33B
EPS MGNX : -$1.11 BFLY : -$0.30
PS Ratio MGNX : 1.71 BFLY : 12.65
PB Ratio MGNX : 12.72 BFLY : 6.96
Total Revenue (TTM) MGNX : $157.08M BFLY : $102.92M
Gross Profit (TTM) MGNX : $98.53M BFLY : $50.64M
EBITDA (TTM) MGNX : -$59.93M BFLY : -$70.00M

Return for Risk

MGNX vs. BFLY — Risk / Return Rank

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

MGNX

MGNX Risk / Return Rank: 88
MGNX Sharpe Ratio Rank: 87
MGNX Sortino Ratio Rank: 90
MGNX Omega Ratio Rank: 84
MGNX Calmar Ratio Rank: 92
MGNX Martin Ratio Rank: 89

BFLY

BFLY Risk / Return Rank: 77
BFLY Sharpe Ratio Rank: 74
BFLY Sortino Ratio Rank: 80
BFLY Omega Ratio Rank: 77
BFLY Calmar Ratio Rank: 78
BFLY Martin Ratio Rank: 75

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.

MGNX vs. BFLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MacroGenics, Inc. (MGNX) 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.

	MGNX	BFLY	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.09	+0.84
Sortino ratio: Return per unit of downside risk	3.26	2.33	+0.93
Omega ratio: Gain probability vs. loss probability	1.35	1.27	+0.07
Calmar ratio: Return relative to maximum drawdown	5.40	2.40	+3.00
Martin ratio: Return relative to average drawdown	11.09	4.84	+6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGNX vs. BFLY - Sharpe Ratio Comparison

The current MGNX Sharpe Ratio is 1.94, which is higher than the BFLY Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of MGNX 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.

Sharpe Ratios by Period

	MGNX	BFLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.09	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	-0.18	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	-0.11	-0.01

Drawdowns

MGNX vs. BFLY - Drawdown Comparison

The maximum MGNX drawdown since its inception was -97.36%, roughly equal to the maximum BFLY drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for MGNX and BFLY.

Drawdown Indicators

	MGNX	BFLY	Difference
Max Drawdown Largest peak-to-trough decline	-97.36%	-97.40%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	-34.16%	-49.04%	+14.88%
Max Drawdown (3Y) Largest decline over 3 years	-95.06%	-73.20%	-21.86%
Max Drawdown (5Y) Largest decline over 5 years	-96.31%	-95.23%	-1.08%
Max Drawdown (10Y) Largest decline over 10 years	-97.02%	—	—
Current Drawdown Current decline from peak	-89.43%	-80.88%	-8.55%
Average Drawdown Average peak-to-trough decline	-58.36%	-75.96%	+17.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.60%	24.27%	-7.67%

Volatility

MGNX vs. BFLY - Volatility Comparison

MacroGenics, Inc. (MGNX) has a higher volatility of 28.90% compared to Butterfly Network, Inc. (BFLY) at 25.03%. This indicates that MGNX's price experiences larger fluctuations and is considered to be riskier than BFLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGNX	BFLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.90%	25.03%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	62.76%	70.80%	-8.04%
Volatility (1Y) Calculated over the trailing 1-year period	95.30%	107.94%	-12.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.97%	97.88%	-4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.73%	94.97%	+20.76%

Dividends

MGNX vs. BFLY - Dividend Comparison

Neither MGNX nor BFLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MGNX and BFLY in my portfolio?

MGNX and BFLY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGNX or BFLY?

MGNX has higher volatility (28.90%) compared to BFLY (25.03%). In terms of maximum drawdown, MGNX dropped -97.36% vs BFLY's -97.40%.

Which has better risk-adjusted returns?

MGNX currently has the higher Sharpe Ratio (1.94 vs 1.09), 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.