NBIX vs. BMY
NBIX (Neurocrine Biosciences, Inc.) and BMY (Bristol-Myers Squibb Company) are both stocks. Both are in the Healthcare sector — NBIX in Drug Manufacturers - Specialty & Generic, BMY in Drug Manufacturers - General. Over the past 10 years, NBIX returned 12.80%/yr vs 0.60%/yr for BMY. At a 0.25 correlation, their price movements are largely independent.
Performance
NBIX vs. BMY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NBIX achieves a 16.41% return, which is significantly higher than BMY's 3.70% return. Over the past 10 years, NBIX has outperformed BMY with an annualized return of 12.80%, while BMY has yielded a comparatively lower 0.60% annualized return.
NBIX
- 1D
- 6.63%
- 1M
- 23.15%
- YTD
- 16.41%
- 6M
- 8.65%
- 1Y
- 32.09%
- 3Y*
- 21.38%
- 5Y*
- 11.83%
- 10Y*
- 12.80%
BMY
- 1D
- 0.48%
- 1M
- -4.64%
- YTD
- 3.70%
- 6M
- 9.77%
- 1Y
- 19.47%
- 3Y*
- -1.44%
- 5Y*
- 0.60%
- 10Y*
- 0.60%
NBIX vs. BMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBIX Neurocrine Biosciences, Inc. | 16.41% | 3.90% | 3.60% | 10.31% | 40.24% | -11.14% | -10.83% | 50.53% | -7.96% | 100.49% |
BMY Bristol-Myers Squibb Company | 3.70% | 0.11% | 15.81% | -26.14% | 18.98% | 2.88% | 0.41% | 27.74% | -12.90% | 7.71% |
Correlation
The correlation between NBIX and BMY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 24, 1996 | 0.25 |
The correlation between NBIX and BMY shifts across timeframes, from 0.18 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NBIX:
$17.07B
BMY:
$111.82B
NBIX:
$6.53
BMY:
$3.57
NBIX:
25.28
BMY:
15.35
NBIX:
0.50
BMY:
0.88
NBIX:
5.45
BMY:
2.30
NBIX:
5.01
BMY:
5.57
NBIX:
$3.10B
BMY:
$48.48B
NBIX:
$3.05B
BMY:
$33.33B
NBIX:
$881.20M
BMY:
$13.34B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NBIX vs. BMY — Risk / Return Rank
NBIX
BMY
NBIX vs. BMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neurocrine Biosciences, Inc. (NBIX) and Bristol-Myers Squibb Company (BMY). 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.
| NBIX | BMY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.74 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.25 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.43 | +0.11 |
Martin ratioReturn relative to average drawdown | 3.39 | 3.16 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NBIX | BMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.74 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.03 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.02 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.34 | -0.20 |
Drawdowns
NBIX vs. BMY - Drawdown Comparison
The maximum NBIX drawdown since its inception was -97.21%, which is greater than BMY's maximum drawdown of -72.03%. Use the drawdown chart below to compare losses from any high point for NBIX and BMY.
Loading charts...
Drawdown Indicators
| NBIX | BMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.21% | -72.03% | -25.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -13.68% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -42.89% | -36.85% | -6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -42.89% | -47.67% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -46.39% | -47.67% | +1.28% |
Current DrawdownCurrent decline from peak | 0.00% | -21.26% | +21.26% |
Average DrawdownAverage peak-to-trough decline | -43.85% | -22.38% | -21.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 6.17% | +3.31% |
Volatility
NBIX vs. BMY - Volatility Comparison
Neurocrine Biosciences, Inc. (NBIX) has a higher volatility of 12.60% compared to Bristol-Myers Squibb Company (BMY) at 6.06%. This indicates that NBIX's price experiences larger fluctuations and is considered to be riskier than BMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NBIX | BMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 6.06% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 23.57% | 18.48% | +5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.08% | 26.64% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.72% | 23.98% | +8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.19% | 25.24% | +13.95% |
Dividends
NBIX vs. BMY - Dividend Comparison
NBIX has not paid dividends to shareholders, while BMY's dividend yield for the trailing twelve months is around 4.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMY Bristol-Myers Squibb Company | 4.57% | 4.60% | 4.24% | 4.44% | 3.00% | 2.36% | 3.69% | 2.55% | 3.08% | 2.55% | 1.95% | 2.17% |
NBIX Neurocrine Biosciences, 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% |
Financials
NBIX vs. BMY - Financials Comparison
This section allows you to compare key financial metrics between Neurocrine Biosciences, Inc. and Bristol-Myers Squibb Company. 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
NBIX vs. BMY - Profitability Comparison
NBIX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Neurocrine Biosciences, Inc. reported a gross profit of 800.70M and revenue of 814.50M. Therefore, the gross margin over that period was 98.3%.
BMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bristol-Myers Squibb Company reported a gross profit of 8.07B and revenue of 11.49B. Therefore, the gross margin over that period was 70.2%.
NBIX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Neurocrine Biosciences, Inc. reported an operating income of 193.40M and revenue of 814.50M, resulting in an operating margin of 23.7%.
BMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bristol-Myers Squibb Company reported an operating income of 3.27B and revenue of 11.49B, resulting in an operating margin of 28.5%.
NBIX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Neurocrine Biosciences, Inc. reported a net income of 197.90M and revenue of 814.50M, resulting in a net margin of 24.3%.
BMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bristol-Myers Squibb Company reported a net income of 2.68B and revenue of 11.49B, resulting in a net margin of 23.3%.
Frequently Asked Questions
NBIX and BMY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBIX has higher volatility (12.60%) compared to BMY (6.06%). In terms of maximum drawdown, NBIX dropped -97.21% vs BMY's -72.03%.
NBIX currently has the higher Sharpe Ratio (1.04 vs 0.74), 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.
Find the right allocation for NBIX and BMY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer