GEHC vs. SPY
Compare and contrast key facts about GE HealthCare Technologies Inc. (GEHC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GEHC or SPY.
Correlation
The correlation between GEHC and SPY is 0.49, 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.
Performance
GEHC vs. SPY - Performance Comparison
Key characteristics
GEHC:
-0.47
SPY:
0.50
GEHC:
-0.39
SPY:
0.88
GEHC:
0.94
SPY:
1.13
GEHC:
-0.38
SPY:
0.56
GEHC:
-1.14
SPY:
2.17
GEHC:
12.33%
SPY:
4.85%
GEHC:
33.20%
SPY:
20.02%
GEHC:
-37.35%
SPY:
-55.19%
GEHC:
-25.46%
SPY:
-7.65%
Returns By Period
In the year-to-date period, GEHC achieves a -10.55% return, which is significantly lower than SPY's -3.42% return.
GEHC
-10.55%
7.58%
-18.62%
-15.41%
N/A
N/A
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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Risk-Adjusted Performance
GEHC vs. SPY — Risk-Adjusted Performance Rank
GEHC
SPY
GEHC vs. SPY - Risk-Adjusted Performance Comparison
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.
Dividends
GEHC vs. SPY - Dividend Comparison
GEHC's dividend yield for the trailing twelve months is around 0.19%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | 0.19% | 0.15% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GEHC vs. SPY - Drawdown Comparison
The maximum GEHC drawdown since its inception was -37.35%, 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.
Volatility
GEHC vs. SPY - Volatility Comparison
GE HealthCare Technologies Inc. (GEHC) has a higher volatility of 12.94% compared to SPDR S&P 500 ETF (SPY) at 7.48%. 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.