SGRY vs. EHC
SGRY (Surgery Partners, Inc.) and EHC (Encompass Health Corporation) are both stocks. Both operate in the Medical Care Facilities industry within the Healthcare sector. Over the past 5 years, SGRY returned -26.29%/yr vs 10.55%/yr for EHC. At a 0.44 correlation, their price movements are largely independent.
Performance
SGRY vs. EHC - Performance Comparison
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Returns By Period
In the year-to-date period, SGRY achieves a -5.95% return, which is significantly lower than EHC's -5.52% return.
SGRY
- 1D
- -0.14%
- 1M
- 8.43%
- YTD
- -5.95%
- 6M
- -6.44%
- 1Y
- -28.07%
- 3Y*
- -28.92%
- 5Y*
- -26.29%
- 10Y*
- -1.06%
EHC
- 1D
- 1.24%
- 1M
- -4.82%
- YTD
- -5.52%
- 6M
- -6.49%
- 1Y
- -16.35%
- 3Y*
- 16.23%
- 5Y*
- 10.55%
- 10Y*
- —
SGRY vs. EHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGRY Surgery Partners, Inc. | -5.95% | -27.02% | -33.82% | 14.82% | -47.84% | 84.11% | 85.31% | 59.91% | -19.09% | -0.82% |
EHC Encompass Health Corporation | -5.52% | 15.67% | 39.17% | 12.62% | 16.77% | -19.90% | 21.42% | 14.26% | 26.89% | 0.20% |
Correlation
The correlation between SGRY and EHC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2017 | 0.44 |
Over the past year, the correlation between SGRY and EHC has dropped to 0.22 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
SGRY:
$1.87B
EHC:
$10.05B
SGRY:
-$0.60
EHC:
$5.99
SGRY:
0.55
EHC:
1.68
SGRY:
1.10
EHC:
3.04
SGRY:
$3.34B
EHC:
$6.07B
SGRY:
$763.30M
EHC:
$2.44B
SGRY:
$787.20M
EHC:
$1.42B
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Return for Risk
SGRY vs. EHC — Risk / Return Rank
SGRY
EHC
SGRY vs. EHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Surgery Partners, Inc. (SGRY) and Encompass Health Corporation (EHC). 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.
| SGRY | EHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.90 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.63 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.91 | -1.15 | +0.24 |
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Drawdowns
SGRY vs. EHC - Drawdown Comparison
The maximum SGRY drawdown since its inception was -82.86%, which is greater than EHC's maximum drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for SGRY and EHC.
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Drawdown Indicators
| SGRY | EHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -39.54% | -43.32% |
Max Drawdown (1Y)Largest decline over 1 year | -51.80% | -26.09% | -25.71% |
Max Drawdown (3Y)Largest decline over 3 years | -74.52% | -26.09% | -48.43% |
Max Drawdown (5Y)Largest decline over 5 years | -82.86% | -35.10% | -47.76% |
Max Drawdown (10Y)Largest decline over 10 years | -82.86% | — | — |
Current DrawdownCurrent decline from peak | -78.33% | -21.15% | -57.18% |
Average DrawdownAverage peak-to-trough decline | -41.71% | -12.13% | -29.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.05% | 14.29% | +16.76% |
Volatility
SGRY vs. EHC - Volatility Comparison
Surgery Partners, Inc. (SGRY) has a higher volatility of 10.62% compared to Encompass Health Corporation (EHC) at 8.64%. This indicates that SGRY's price experiences larger fluctuations and is considered to be riskier than EHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGRY | EHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 8.64% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 20.87% | +8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.51% | 27.21% | +18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.68% | 26.08% | +28.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.76% | 28.28% | +36.48% |
Dividends
SGRY vs. EHC - Dividend Comparison
SGRY has not paid dividends to shareholders, while EHC's dividend yield for the trailing twelve months is around 0.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EHC Encompass Health Corporation | 0.74% | 0.66% | 0.51% | 0.90% | 20.45% | 1.72% | 1.35% | 1.59% | 1.69% | 0.51% |
SGRY Surgery Partners, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SGRY vs. EHC - Financials Comparison
This section allows you to compare key financial metrics between Surgery Partners, Inc. and Encompass Health Corporation. 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
SGRY vs. EHC - Profitability Comparison
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%.
EHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Encompass Health Corporation reported a gross profit of 768.50M and revenue of 1.59B. Therefore, the gross margin over that period was 48.4%.
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%.
EHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Encompass Health Corporation reported an operating income of 232.30M and revenue of 1.59B, resulting in an operating margin of 14.6%.
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%.
EHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Encompass Health Corporation reported a net income of 194.50M and revenue of 1.59B, resulting in a net margin of 12.3%.
Frequently Asked Questions
SGRY and EHC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGRY has higher volatility (10.62%) compared to EHC (8.64%). In terms of maximum drawdown, SGRY dropped -82.86% vs EHC's -39.54%.
EHC currently has the higher Sharpe Ratio (-0.60 vs -0.62), 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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