VTRS vs. BHC
VTRS (Viatris Inc.) and BHC (Bausch Health Companies Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, VTRS returned 6.02%/yr vs -30.63%/yr for BHC. At a 0.38 correlation, their price movements are largely independent.
Performance
VTRS vs. BHC - Performance Comparison
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Returns By Period
In the year-to-date period, VTRS achieves a 25.50% return, which is significantly higher than BHC's -32.81% return.
VTRS
- 1D
- 0.07%
- 1M
- -7.63%
- YTD
- 25.50%
- 6M
- 30.10%
- 1Y
- 80.23%
- 3Y*
- 21.50%
- 5Y*
- 6.02%
- 10Y*
- —
BHC
- 1D
- -2.10%
- 1M
- -14.63%
- YTD
- -32.81%
- 6M
- -33.19%
- 1Y
- -24.43%
- 3Y*
- -13.40%
- 5Y*
- -30.63%
- 10Y*
- -13.65%
VTRS vs. BHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VTRS Viatris Inc. | 25.50% | 5.08% | 19.68% | 2.06% | -14.29% | -26.12% | 19.82% |
BHC Bausch Health Companies Inc. | -32.81% | -13.77% | 0.50% | 27.71% | -77.25% | 32.74% | 6.12% |
Correlation
The correlation between VTRS and BHC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2020 | 0.38 |
Fundamentals
VTRS:
-$0.25
BHC:
-$4.32
VTRS:
1.23
BHC:
0.12
VTRS:
$14.56B
BHC:
$10.55B
VTRS:
$5.01B
BHC:
$7.97B
VTRS:
$1.89B
BHC:
$1.41B
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Return for Risk
VTRS vs. BHC — Risk / Return Rank
VTRS
BHC
VTRS vs. BHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viatris Inc. (VTRS) and Bausch Health Companies Inc. (BHC). 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.
| VTRS | BHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.94 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | -0.56 | +4.81 |
| Martin ratioReturn relative to average drawdown | 11.93 | -0.96 | +12.88 |
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Drawdowns
VTRS vs. BHC - Drawdown Comparison
The maximum VTRS drawdown since its inception was -54.33%, smaller than the maximum BHC drawdown of -98.35%. Use the drawdown chart below to compare losses from any high point for VTRS and BHC.
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Drawdown Indicators
| VTRS | BHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.33% | -98.35% | +44.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.97% | -44.00% | +25.03% |
Max Drawdown (3Y)Largest decline over 3 years | -45.02% | -59.28% | +14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -45.69% | -85.63% | +39.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.43% | — |
Current DrawdownCurrent decline from peak | -10.91% | -98.22% | +87.31% |
Average DrawdownAverage peak-to-trough decline | -30.66% | -60.93% | +30.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 25.59% | -18.84% |
Volatility
VTRS vs. BHC - Volatility Comparison
The current volatility for Viatris Inc. (VTRS) is 7.88%, while Bausch Health Companies Inc. (BHC) has a volatility of 11.32%. This indicates that VTRS experiences smaller price fluctuations and is considered to be less risky than BHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTRS | BHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 11.32% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 23.71% | 29.09% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.45% | 48.22% | -15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 60.60% | -27.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.88% | 59.82% | -25.94% |
Dividends
VTRS vs. BHC - Dividend Comparison
VTRS's dividend yield for the trailing twelve months is around 3.12%, while BHC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BHC Bausch Health Companies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTRS Viatris Inc. | 3.12% | 3.86% | 3.86% | 4.43% | 4.31% | 2.44% |
Financials
VTRS vs. BHC - Financials Comparison
This section allows you to compare key financial metrics between Viatris Inc. and Bausch Health Companies Inc.. 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
VTRS vs. BHC - Profitability Comparison
VTRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viatris Inc. reported a gross profit of 1.16B and revenue of 3.52B. Therefore, the gross margin over that period was 32.9%.
BHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bausch Health Companies Inc. reported a gross profit of 2.48B and revenue of 2.50B. Therefore, the gross margin over that period was 99.3%.
VTRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viatris Inc. reported an operating income of -79.70M and revenue of 3.52B, resulting in an operating margin of -2.3%.
BHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bausch Health Companies Inc. reported an operating income of -950.00M and revenue of 2.50B, resulting in an operating margin of -38.0%.
VTRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viatris Inc. reported a net income of 176.40M and revenue of 3.52B, resulting in a net margin of 5.0%.
BHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bausch Health Companies Inc. reported a net income of -1.42B and revenue of 2.50B, resulting in a net margin of -56.9%.
Frequently Asked Questions
VTRS and BHC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHC has higher volatility (11.32%) compared to VTRS (7.88%). In terms of maximum drawdown, VTRS dropped -54.33% vs BHC's -98.35%.
VTRS currently has the higher Sharpe Ratio (2.49 vs -0.51), 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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