BAX vs. ^SP500TR
BAX (Baxter International Inc.) is a stock, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, BAX returned -5.62%/yr vs 15.63%/yr for ^SP500TR. At a 0.45 correlation, their price movements are largely independent.
Performance
BAX vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, BAX achieves a 10.21% return, which is significantly higher than ^SP500TR's 8.11% return. Over the past 10 years, BAX has underperformed ^SP500TR with an annualized return of -5.62%, while ^SP500TR has yielded a comparatively higher 15.63% annualized return.
BAX
- 1D
- 4.68%
- 1M
- 9.75%
- YTD
- 10.21%
- 6M
- 10.21%
- 1Y
- -30.63%
- 3Y*
- -20.78%
- 5Y*
- -22.30%
- 10Y*
- -5.62%
^SP500TR
- 1D
- -0.10%
- 1M
- -1.43%
- YTD
- 8.11%
- 6M
- 6.79%
- 1Y
- 22.24%
- 3Y*
- 20.78%
- 5Y*
- 13.06%
- 10Y*
- 15.63%
BAX vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAX Baxter International Inc. | 10.21% | -33.28% | -22.40% | -21.91% | -39.58% | 8.48% | -2.95% | 28.40% | 2.89% | 47.30% |
^SP500TR S&P 500 Total Return | 8.11% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% |
Correlation
The correlation between BAX and ^SP500TR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988 | 0.45 |
The correlation between BAX and ^SP500TR shifts across timeframes, from 0.28 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BAX vs. ^SP500TR — Risk / Return Rank
BAX
^SP500TR
BAX vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baxter International Inc. (BAX) and S&P 500 Total Return (^SP500TR). 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.
| BAX | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.51 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.90 | 11.23 | -12.13 |
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Drawdowns
BAX vs. ^SP500TR - Drawdown Comparison
The maximum BAX drawdown since its inception was -81.15%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BAX and ^SP500TR.
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Drawdown Indicators
| BAX | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -55.25% | -25.90% |
Max Drawdown (1Y)Largest decline over 1 year | -49.00% | -8.89% | -40.11% |
Max Drawdown (3Y)Largest decline over 3 years | -65.90% | -18.75% | -47.15% |
Max Drawdown (5Y)Largest decline over 5 years | -80.61% | -24.49% | -56.12% |
Max Drawdown (10Y)Largest decline over 10 years | -81.15% | -33.79% | -47.36% |
Current DrawdownCurrent decline from peak | -74.89% | -3.22% | -71.67% |
Average DrawdownAverage peak-to-trough decline | -21.69% | -8.16% | -13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.17% | 1.99% | +32.18% |
Volatility
BAX vs. ^SP500TR - Volatility Comparison
Baxter International Inc. (BAX) has a higher volatility of 11.06% compared to S&P 500 Total Return (^SP500TR) at 4.88%. This indicates that BAX's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAX | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.06% | 4.88% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 32.89% | 9.90% | +22.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.97% | 12.54% | +34.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.97% | 17.00% | +16.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 18.08% | +11.29% |
Frequently Asked Questions
BAX and ^SP500TR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAX has higher volatility (11.06%) compared to ^SP500TR (4.88%). In terms of maximum drawdown, BAX dropped -81.15% vs ^SP500TR's -55.25%.
^SP500TR currently has the higher Sharpe Ratio (1.79 vs -0.65), 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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