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ARCA Pharmaceutical Index

Often compared with ^DRG:
^DRG vs. BRK-A

Performance

^DRG Performance Chart

ARCA Pharmaceutical Index (^DRG) is up 2.6% since the beginning of the year. ^DRG is currently trading at $1,155 per share. Investors who bought $1,000 worth of ^DRG shares 5 years ago would now be looking at an investment worth $1,579.


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S&P 500 Index

Returns By Period

ARCA Pharmaceutical Index (^DRG) has returned 2.57% so far this year and 25.87% over the past 12 months. Over the last ten years, ^DRG has returned 8.65% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


ARCA Pharmaceutical Index

1D
1.44%
1M
-0.35%
YTD
2.57%
6M
2.97%
1Y
25.87%
3Y*
9.78%
5Y*
9.56%
10Y*
8.65%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^DRG Monthly Returns History

Based on dividend-adjusted daily data since Feb 22, 1994, ^DRG's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.

Historically, 59% of months were positive and 41% were negative. The best month was Oct 1999 with a return of +13.7%, while the worst month was Feb 2009 at -12.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ^DRG closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +10.6%, while the worst single day was Aug 31, 1998 at -8.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.61%4.66%-6.35%-2.24%4.73%-0.38%2.57%
20253.77%6.88%-5.11%-1.01%-5.71%0.76%-3.98%7.13%2.40%2.61%11.65%0.90%20.51%
20244.91%5.14%2.22%-2.74%3.07%3.23%-1.25%8.71%-5.43%-4.65%-4.22%-5.12%2.66%
2023-3.60%-3.91%4.67%4.09%-3.35%3.23%0.19%3.45%-2.58%-2.99%3.50%2.72%4.87%
2022-3.59%-1.55%6.25%-0.51%1.81%-1.07%-0.98%-8.56%-2.03%8.54%7.26%0.53%4.91%
20211.39%-2.58%1.81%1.58%3.15%2.33%3.27%2.52%-6.37%5.58%-2.68%9.23%19.99%

Benchmark Metrics

ARCA Pharmaceutical Index has an annualized alpha of 2.84%, beta of 0.68, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since February 22, 1994.

  • This index participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (69.28%) than losses (66.89%) - typical of diversified or defensive assets.
  • Beta of 0.68 may look defensive, but with R2 of 0.49 this index is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
  • R2 of 0.49 means the benchmark explains less than half of this index's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha
2.84%
Beta
0.68
0.49
Upside Capture
69.28%
Downside Capture
66.89%

Return for Risk

Risk / Return Rank

^DRG ranks 46 for risk / return — on par with similar indices. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


^DRG Risk / Return Rank: 4646
Overall Rank
^DRG Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
^DRG Sortino Ratio Rank: 4848
Sortino Ratio Rank
^DRG Omega Ratio Rank: 4545
Omega Ratio Rank
^DRG Calmar Ratio Rank: 4747
Calmar Ratio Rank
^DRG Martin Ratio Rank: 4545
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ARCA Pharmaceutical Index (^DRG) and compare them to S&P 500 Index.

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.


^DRGBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.65

Sortino ratioReturn per unit of downside risk

-0.59

Omega ratioGain probability vs. loss probability

1.25

1.37

-0.12

Calmar ratioReturn relative to maximum drawdown

2.21

2.78

-0.57

Martin ratioReturn relative to average drawdown

6.03

12.44

-6.41

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the ARCA Pharmaceutical Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ARCA Pharmaceutical Index was 51.48%, occurring on Mar 3, 2009. Recovery took 1172 trading sessions.

The current ARCA Pharmaceutical Index drawdown is 4.49%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-51.48%Mar 2009
8y 3mo4y 7mo
12y 11moNov 2000 - Oct 2013
Dot-com crash2000–2002
-31.21%Mar 2000
10mo 29d4mo 6d
1y 3moApr 1999 - Jul 2000
COVID crash2020
-26.25%Mar 2020
2mo 2d3mo 26d
5mo 28dJan 2020 - Jul 2020
2025 selloff2025
-24.50%Apr 2025
7mo 9d9mo 2d
1y 4moSep 2024 - Jan 2026
2016 bear market2016
-23.46%Dec 2016
1y 3mo1y 12mo
3y 3moAug 2015 - Nov 2018

Drawdown Indicators


^DRGBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-51.48%

-56.78%

+5.30%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-9.10%

-2.64%

Max Drawdown (3Y)

Largest decline over 3 years

-24.50%

-18.90%

-5.60%

Max Drawdown (5Y)

Largest decline over 5 years

-24.50%

-25.43%

+0.93%

Max Drawdown (10Y)

Largest decline over 10 years

-26.25%

-33.92%

+7.67%

Current Drawdown

Current decline from peak

-4.49%

-1.80%

-2.69%

Average Drawdown

Average peak-to-trough decline

-14.20%

-10.71%

-3.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.30%

2.03%

+2.27%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with ^DRG

Add ARCA Pharmaceutical Index to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with ^DRG