^SP500TR vs. TMO

Last updated Jun 4, 2026

^SP500TR (S&P 500 Total Return) is an index, while TMO (Thermo Fisher Scientific Inc.) is a stock. Over the past 10 years, ^SP500TR returned 15.59%/yr vs 12.30%/yr for TMO. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

^SP500TR vs. TMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Total Return (^SP500TR) and Thermo Fisher Scientific Inc. (TMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^SP500TR achieves a 10.89% return, which is significantly higher than TMO's -18.13% return. Over the past 10 years, ^SP500TR has outperformed TMO with an annualized return of 15.59%, while TMO has yielded a comparatively lower 12.30% annualized return.

^SP500TR

• 1D: -0.74%
• 1M: 5.02%
• YTD: 10.89%
• 6M: 10.93%
• 1Y: 28.06%
• 3Y*: 22.47%
• 5Y*: 13.92%
• 10Y*: 15.59%

TMO

• 1D: -1.69%
• 1M: 2.45%
• YTD: -18.13%
• 6M: -18.21%
• 1Y: 18.94%
• 3Y*: -2.75%
• 5Y*: 1.37%
• 10Y*: 12.30%

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

^SP500TR vs. TMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SP500TR S&P 500 Total Return	10.89%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%
TMO Thermo Fisher Scientific Inc.	-18.13%	11.78%	-1.72%	-3.36%	-17.29%	43.54%	43.72%	45.55%	18.21%	35.03%

Correlation

The correlation between ^SP500TR and TMO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 5, 1988	0.50

The correlation between ^SP500TR and TMO shifts across timeframes, from 0.38 (1 year) to 0.56 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

^SP500TR vs. TMO — Risk / Return Rank

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

^SP500TR

^SP500TR Risk / Return Rank: 79
^SP500TR Sharpe Ratio Rank: 77
^SP500TR Sortino Ratio Rank: 77
^SP500TR Omega Ratio Rank: 77
^SP500TR Calmar Ratio Rank: 76
^SP500TR Martin Ratio Rank: 88

TMO

TMO Risk / Return Rank: 56
TMO Sharpe Ratio Rank: 61
TMO Sortino Ratio Rank: 56
TMO Omega Ratio Rank: 54
TMO Calmar Ratio Rank: 54
TMO Martin Ratio Rank: 54

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.

^SP500TR vs. TMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Total Return (^SP500TR) and Thermo Fisher Scientific Inc. (TMO). 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.

	^SP500TR	TMO	Difference
Sharpe ratio Return per unit of total volatility	2.37	0.62	+1.76
Sortino ratio Return per unit of downside risk	3.24	1.11	+2.13
Omega ratio Gain probability vs. loss probability	1.43	1.13	+0.30
Calmar ratio Return relative to maximum drawdown	3.17	0.61	+2.56
Martin ratio Return relative to average drawdown	14.81	1.38	+13.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SP500TR vs. TMO - Sharpe Ratio Comparison

The current ^SP500TR Sharpe Ratio is 2.37, which is higher than the TMO Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ^SP500TR and TMO, 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

	^SP500TR	TMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	0.62	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.05	+0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.47	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.40	+0.25

Drawdowns

^SP500TR vs. TMO - Drawdown Comparison

The maximum ^SP500TR drawdown since its inception was -55.25%, smaller than the maximum TMO drawdown of -71.16%. Use the drawdown chart below to compare losses from any high point for ^SP500TR and TMO.

Drawdown Indicators

	^SP500TR	TMO	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-71.16%	+15.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-31.38%	+22.49%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-37.28%	+18.53%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-40.95%	+16.46%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	-40.95%	+7.16%
Current Drawdown Current decline from peak	-0.74%	-28.10%	+27.36%
Average Drawdown Average peak-to-trough decline	-8.17%	-18.01%	+9.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	13.80%	-11.90%

Volatility

^SP500TR vs. TMO - Volatility Comparison

The current volatility for S&P 500 Total Return (^SP500TR) is 2.93%, while Thermo Fisher Scientific Inc. (TMO) has a volatility of 9.71%. This indicates that ^SP500TR experiences smaller price fluctuations and is considered to be less risky than TMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SP500TR	TMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	9.71%	-6.78%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	21.44%	-12.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	30.91%	-19.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	27.11%	-10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	26.31%	-8.24%

Frequently Asked Questions

Can I hold both ^SP500TR and TMO in my portfolio?

^SP500TR and TMO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^SP500TR or TMO?

TMO has higher volatility (9.71%) compared to ^SP500TR (2.93%). In terms of maximum drawdown, ^SP500TR dropped -55.25% vs TMO's -71.16%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.37 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.