SGRY vs. BKD

Last updated Jun 4, 2026

SGRY (Surgery Partners, Inc.) and BKD (Brookdale Senior Living Inc.) are both stocks. Both operate in the Medical Care Facilities industry within the Healthcare sector. Over the past 10 years, SGRY returned -0.48%/yr vs -3.65%/yr for BKD. At a 0.33 correlation, their price movements are largely independent.

Performance

SGRY vs. BKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Surgery Partners, Inc. (SGRY) and Brookdale Senior Living Inc. (BKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGRY achieves a -12.56% return, which is significantly lower than BKD's 13.53% return. Over the past 10 years, SGRY has outperformed BKD with an annualized return of -0.48%, while BKD has yielded a comparatively lower -3.65% annualized return.

SGRY

• 1D: -1.89%
• 1M: -4.86%
• YTD: -12.56%
• 6M: -20.72%
• 1Y: -41.97%
• 3Y*: -30.23%
• 5Y*: -25.92%
• 10Y*: -0.48%

BKD

• 1D: 1.66%
• 1M: -12.62%
• YTD: 13.53%
• 6M: 15.46%
• 1Y: 85.61%
• 3Y*: 50.55%
• 5Y*: 12.53%
• 10Y*: -3.65%

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

SGRY vs. BKD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGRY Surgery Partners, Inc.	-12.56%	-27.02%	-33.82%	14.82%	-47.84%	84.11%	85.31%	59.91%	-19.09%	-23.66%
BKD Brookdale Senior Living Inc.	13.53%	114.51%	-13.57%	113.19%	-47.09%	16.48%	-39.06%	8.51%	-30.93%	-21.90%

Correlation

The correlation between SGRY and BKD 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	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 2, 2015	0.33

Over the past year, the correlation between SGRY and BKD has dropped to 0.09 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Fundamentals

Market Cap SGRY : $1.73B BKD : $2.92B
EPS SGRY : -$0.60 BKD : -$0.87
PS Ratio SGRY : 0.51 BKD : 0.93
Total Revenue (TTM) SGRY : $3.34B BKD : $3.11B
Gross Profit (TTM) SGRY : $763.30M BKD : $419.88M
EBITDA (TTM) SGRY : $787.20M BKD : $329.09M

Return for Risk

SGRY vs. BKD — Risk / Return Rank

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

SGRY

SGRY Risk / Return Rank: 9
SGRY Sharpe Ratio Rank: 7
SGRY Sortino Ratio Rank: 10
SGRY Omega Ratio Rank: 8
SGRY Calmar Ratio Rank: 10
SGRY Martin Ratio Rank: 8

BKD

BKD Risk / Return Rank: 86
BKD Sharpe Ratio Rank: 90
BKD Sortino Ratio Rank: 87
BKD Omega Ratio Rank: 87
BKD Calmar Ratio Rank: 82
BKD Martin Ratio Rank: 84

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.

SGRY vs. BKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Surgery Partners, Inc. (SGRY) and Brookdale Senior Living Inc. (BKD). 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.

	SGRY	BKD	Difference
Sharpe ratio Return per unit of total volatility	-0.91	2.28	-3.19
Sortino ratio Return per unit of downside risk	-1.09	2.97	-4.06
Omega ratio Gain probability vs. loss probability	0.83	1.40	-0.56
Calmar ratio Return relative to maximum drawdown	-0.81	3.06	-3.87
Martin ratio Return relative to average drawdown	-1.41	8.54	-9.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGRY vs. BKD - Sharpe Ratio Comparison

The current SGRY Sharpe Ratio is -0.91, which is lower than the BKD Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SGRY and BKD, 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

	SGRY	BKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.91	2.28	-3.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	0.24	-0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	-0.06	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-0.05	+0.01

Drawdowns

SGRY vs. BKD - Drawdown Comparison

The maximum SGRY drawdown since its inception was -82.86%, smaller than the maximum BKD drawdown of -96.29%. Use the drawdown chart below to compare losses from any high point for SGRY and BKD.

Drawdown Indicators

	SGRY	BKD	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-96.29%	+13.43%
Max Drawdown (1Y) Largest decline over 1 year	-51.80%	-28.15%	-23.65%
Max Drawdown (3Y) Largest decline over 3 years	-74.52%	-43.55%	-30.97%
Max Drawdown (5Y) Largest decline over 5 years	-82.86%	-73.14%	-9.72%
Max Drawdown (10Y) Largest decline over 10 years	-82.86%	-90.58%	+7.72%
Current Drawdown Current decline from peak	-79.85%	-73.91%	-5.94%
Average Drawdown Average peak-to-trough decline	-41.55%	-63.69%	+22.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.84%	10.06%	+19.78%

Volatility

SGRY vs. BKD - Volatility Comparison

Surgery Partners, Inc. (SGRY) and Brookdale Senior Living Inc. (BKD) have volatilities of 9.69% and 10.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGRY	BKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	10.17%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	28.92%	27.32%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	46.42%	37.88%	+8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.68%	53.34%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.75%	59.94%	+4.81%

Dividends

SGRY vs. BKD - Dividend Comparison

Neither SGRY nor BKD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

SGRY vs. BKD - Profitability Comparison

The chart below illustrates the profitability comparison between Surgery Partners, Inc. and Brookdale Senior Living Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SGRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Surgery Partners, Inc. reported a gross profit of 160.20M and revenue of 810.90M. Therefore, the gross margin over that period was 19.8%.

BKD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookdale Senior Living Inc. reported a gross profit of 0.00 and revenue of 764.86M. Therefore, the gross margin over that period was 0.0%.

SGRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Surgery Partners, Inc. reported an operating income of 65.80M and revenue of 810.90M, resulting in an operating margin of 8.1%.

BKD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookdale Senior Living Inc. reported an operating income of 51.78M and revenue of 764.86M, resulting in an operating margin of 6.8%.

SGRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Surgery Partners, Inc. reported a net income of -35.90M and revenue of 810.90M, resulting in a net margin of -4.4%.

BKD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookdale Senior Living Inc. reported a net income of -6.89M and revenue of 764.86M, resulting in a net margin of -0.9%.

Frequently Asked Questions

Can I hold both SGRY and BKD in my portfolio?

SGRY and BKD 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, SGRY or BKD?

BKD has higher volatility (10.17%) compared to SGRY (9.69%). In terms of maximum drawdown, SGRY dropped -82.86% vs BKD's -96.29%.

Which has better risk-adjusted returns?

BKD currently has the higher Sharpe Ratio (2.28 vs -0.91), 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.