PGNY vs. BBAI

Last updated Jun 23, 2026

PGNY (Progyny, Inc.) and BBAI (BigBear.ai Holdings, Inc.) are both stocks. PGNY operates in Health Information Services (Healthcare), while BBAI operates in Information Technology Services (Technology). Over the past 3 years, PGNY returned -10.45%/yr vs 17.85%/yr for BBAI. At a 0.15 correlation, their price movements are largely independent.

Performance

PGNY vs. BBAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Progyny, Inc. (PGNY) 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, PGNY achieves a 2.34% return, which is significantly higher than BBAI's -29.07% return.

PGNY

• 1D: 0.77%
• 1M: 5.63%
• YTD: 2.34%
• 6M: -2.52%
• 1Y: 25.26%
• 3Y*: -10.45%
• 5Y*: -15.15%
• 10Y*: —

BBAI

• 1D: -2.30%
• 1M: -8.37%
• YTD: -29.07%
• 6M: -40.06%
• 1Y: -4.25%
• 3Y*: 17.85%
• 5Y*: —
• 10Y*: —

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

PGNY vs. BBAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PGNY Progyny, Inc.	2.34%	48.87%	-53.60%	19.36%	-38.13%	6.49%
BBAI BigBear.ai Holdings, Inc.	-29.07%	21.35%	107.94%	217.65%	-88.10%	-27.90%

Correlation

The correlation between PGNY and BBAI is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.15

Fundamentals

Market Cap PGNY : $2.23B BBAI : $18.12B
EPS PGNY : $0.76 BBAI : -$0.13
PS Ratio PGNY : 1.80 BBAI : 68.32
PB Ratio PGNY : 5.07 BBAI : 22.92
Total Revenue (TTM) PGNY : $1.29B BBAI : $127.35M
Gross Profit (TTM) PGNY : $311.76M BBAI : $32.81M
EBITDA (TTM) PGNY : $108.11M BBAI : -$230.18M

Return for Risk

PGNY vs. BBAI — Risk / Return Rank

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

PGNY

PGNY Risk / Return Rank: 57
PGNY Sharpe Ratio Rank: 57
PGNY Sortino Ratio Rank: 58
PGNY Omega Ratio Rank: 60
PGNY Calmar Ratio Rank: 56
PGNY Martin Ratio Rank: 56

BBAI

BBAI Risk / Return Rank: 43
BBAI Sharpe Ratio Rank: 40
BBAI Sortino Ratio Rank: 49
BBAI Omega Ratio Rank: 45
BBAI Calmar Ratio Rank: 40
BBAI Martin Ratio Rank: 40

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.

PGNY vs. BBAI - Risk-Adjusted Trends Comparison

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

	PGNY	BBAI	Difference
Sharpe ratio: Return per unit of total volatility	0.45	-0.04	+0.49
Sortino ratio: Return per unit of downside risk	1.10	0.71	+0.39
Omega ratio: Gain probability vs. loss probability	1.16	1.07	+0.08
Calmar ratio: Return relative to maximum drawdown	0.60	-0.06	+0.66
Martin ratio: Return relative to average drawdown	1.27	-0.11	+1.38

PGNY vs. BBAI - Sharpe Ratio Comparison

The current PGNY Sharpe Ratio is 0.45, which is higher than the BBAI Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of PGNY 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

PGNY vs. BBAI - Drawdown Comparison

The maximum PGNY drawdown since its inception was -79.49%, smaller than the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for PGNY and BBAI.

Drawdown Indicators

	PGNY	BBAI	Difference
Max Drawdown Largest peak-to-trough decline	-79.49%	-95.01%	+15.52%
Max Drawdown (1Y) Largest decline over 1 year	-42.65%	-65.88%	+23.23%
Max Drawdown (3Y) Largest decline over 3 years	-68.14%	-75.56%	+7.42%
Max Drawdown (5Y) Largest decline over 5 years	-79.49%	—	—
Current Drawdown Current decline from peak	-60.58%	-69.82%	+9.24%
Average Drawdown Average peak-to-trough decline	-42.48%	-70.79%	+28.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.90%	40.07%	-20.17%

Volatility

PGNY vs. BBAI - Volatility Comparison

The current volatility for Progyny, Inc. (PGNY) is 8.52%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 23.57%. This indicates that PGNY 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

	PGNY	BBAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	23.57%	-15.05%
Volatility (6M) Calculated over the trailing 6-month period	41.34%	55.71%	-14.37%
Volatility (1Y) Calculated over the trailing 1-year period	56.84%	96.70%	-39.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.05%	174.27%	-118.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.08%	174.27%	-112.19%

Dividends

PGNY vs. BBAI - Dividend Comparison

Neither PGNY nor BBAI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PGNY and BBAI in my portfolio?

PGNY and BBAI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGNY or BBAI?

BBAI has higher volatility (23.57%) compared to PGNY (8.52%). In terms of maximum drawdown, PGNY dropped -79.49% vs BBAI's -95.01%.

Which has better risk-adjusted returns?

PGNY currently has the higher Sharpe Ratio (0.45 vs -0.04), 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.