^DVG vs. ZBH

Last updated Jun 4, 2026

^DVG (NASDAQ US Dividend Achievers Select Index) is an index, while ZBH (Zimmer Biomet Holdings, Inc.) is a stock. Over the past 10 years, ^DVG returned 11.17%/yr vs -2.46%/yr for ZBH. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

^DVG vs. ZBH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ US Dividend Achievers Select Index (^DVG) and Zimmer Biomet Holdings, Inc. (ZBH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DVG achieves a 5.69% return, which is significantly higher than ZBH's -5.24% return. Over the past 10 years, ^DVG has outperformed ZBH with an annualized return of 11.17%, while ZBH has yielded a comparatively lower -2.46% annualized return.

^DVG

• 1D: -0.28%
• 1M: 3.68%
• YTD: 5.69%
• 6M: 5.06%
• 1Y: 15.71%
• 3Y*: 14.59%
• 5Y*: 8.70%
• 10Y*: 11.17%

ZBH

• 1D: 1.47%
• 1M: 2.79%
• YTD: -5.24%
• 6M: -8.23%
• 1Y: -6.51%
• 3Y*: -12.39%
• 5Y*: -10.52%
• 10Y*: -2.46%

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

^DVG vs. ZBH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^DVG NASDAQ US Dividend Achievers Select Index	5.69%	12.45%	16.48%	11.94%	-11.28%	21.39%	13.47%	27.27%	-3.92%	19.81%
ZBH Zimmer Biomet Holdings, Inc.	-5.24%	-14.03%	-12.46%	-3.81%	4.24%	-17.02%	3.77%	45.37%	-13.30%	17.86%

Correlation

The correlation between ^DVG and ZBH is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 26, 2001	0.53

Over the past year, the correlation between ^DVG and ZBH has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

^DVG vs. ZBH — Risk / Return Rank

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

^DVG

^DVG Risk / Return Rank: 51
^DVG Sharpe Ratio Rank: 51
^DVG Sortino Ratio Rank: 53
^DVG Omega Ratio Rank: 52
^DVG Calmar Ratio Rank: 49
^DVG Martin Ratio Rank: 53

ZBH

ZBH Risk / Return Rank: 30
ZBH Sharpe Ratio Rank: 32
ZBH Sortino Ratio Rank: 28
ZBH Omega Ratio Rank: 28
ZBH Calmar Ratio Rank: 32
ZBH Martin Ratio Rank: 31

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.

^DVG vs. ZBH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ US Dividend Achievers Select Index (^DVG) and Zimmer Biomet Holdings, Inc. (ZBH). 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.

	^DVG	ZBH	Difference
Sharpe ratio: Return per unit of total volatility	1.50	-0.22	+1.71
Sortino ratio: Return per unit of downside risk	2.20	-0.08	+2.28
Omega ratio: Gain probability vs. loss probability	1.26	0.99	+0.28
Calmar ratio: Return relative to maximum drawdown	1.84	-0.26	+2.10
Martin ratio: Return relative to average drawdown	7.19	-0.51	+7.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DVG vs. ZBH - Sharpe Ratio Comparison

The current ^DVG Sharpe Ratio is 1.50, which is higher than the ZBH Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of ^DVG and ZBH, 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

	^DVG	ZBH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	-0.22	+1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	-0.40	+1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	-0.09	+0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.18	+0.23

Drawdowns

^DVG vs. ZBH - Drawdown Comparison

The maximum ^DVG drawdown since its inception was -48.54%, smaller than the maximum ZBH drawdown of -65.03%. Use the drawdown chart below to compare losses from any high point for ^DVG and ZBH.

Drawdown Indicators

	^DVG	ZBH	Difference
Max Drawdown Largest peak-to-trough decline	-48.54%	-65.03%	+16.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-25.54%	+16.97%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-43.94%	+28.36%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-48.62%	+27.04%
Max Drawdown (10Y) Largest decline over 10 years	-31.85%	-52.14%	+20.29%
Current Drawdown Current decline from peak	-0.28%	-48.89%	+48.61%
Average Drawdown Average peak-to-trough decline	-6.86%	-20.05%	+13.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	12.72%	-10.53%

Volatility

^DVG vs. ZBH - Volatility Comparison

The current volatility for NASDAQ US Dividend Achievers Select Index (^DVG) is 2.22%, while Zimmer Biomet Holdings, Inc. (ZBH) has a volatility of 7.44%. This indicates that ^DVG experiences smaller price fluctuations and is considered to be less risky than ZBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DVG	ZBH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	7.44%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	20.09%	-12.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	30.38%	-19.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	26.60%	-12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	28.43%	-12.18%

Frequently Asked Questions

Can I hold both ^DVG and ZBH in my portfolio?

^DVG and ZBH have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^DVG or ZBH?

ZBH has higher volatility (7.44%) compared to ^DVG (2.22%). In terms of maximum drawdown, ^DVG dropped -48.54% vs ZBH's -65.03%.

Which has better risk-adjusted returns?

^DVG currently has the higher Sharpe Ratio (1.50 vs -0.22), 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.