GEHC vs. SPY

In the year-to-date period, GEHC achieves a 7.06% return, which is significantly lower than SPY's 26.90% return.

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The correlation between GEHC and SPY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

This table presents a comparison of risk-adjusted performance metrics for GE HealthCare Technologies Inc. (GEHC) and SPDR S&P 500 ETF (SPY). 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.

The current GEHC Sharpe Ratio is 0.42, which is lower than the SPY Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of GEHC and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

GEHC's dividend yield for the trailing twelve months is around 0.15%, less than SPY's 1.17% yield.

The maximum GEHC drawdown since its inception was -28.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GEHC and SPY. For additional features, visit the drawdowns tool.

GE HealthCare Technologies Inc. (GEHC) has a higher volatility of 7.57% compared to SPDR S&P 500 ETF (SPY) at 3.99%. This indicates that GEHC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.