GEHC vs. SPY
GEHC (GE HealthCare Technologies Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, GEHC returned -3.40%/yr vs 18.92%/yr for SPY. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
GEHC vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, GEHC achieves a -14.60% return, which is significantly lower than SPY's 9.34% return.
GEHC
- 1D
- -2.73%
- 1M
- 9.33%
- 6M
- -11.13%
- YTD
- -14.60%
- 1Y
- -2.19%
- 3Y*
- -3.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.63%
SPY
- 1D
- 1.68%
- 1M
- -0.68%
- 6M
- 7.43%
- YTD
- 9.34%
- 1Y
- 18.20%
- 3Y*
- 18.92%
- 5Y*
- 12.60%
- 10Y*
- 14.91%
- ALL TIME*
- 10.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $449.84M | $383.80M | $346.88M | |
| $36.82B | $35.23B | $39.04B |
GEHC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | -14.60% | 5.11% | 1.26% | 43.01% |
SPY State Street SPDR S&P 500 ETF | 9.34% | 17.72% | 24.89% | 26.71% |
Correlation
The correlation between GEHC and SPY is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2023 | 0.47 |
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Return for Risk
GEHC vs. SPY — Risk / Return Rank
GEHC
SPY
GEHC vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GE HealthCare Technologies Inc. (GEHC) and State Street 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.
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.
| GEHC | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.06 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.13 | 8.77 | -8.90 |
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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.
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Drawdown Indicators
| GEHC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.35% | -55.19% | +17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -32.47% | -8.88% | -23.59% |
Max Drawdown (3Y)Largest decline over 3 years | -37.35% | -18.76% | -18.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -25.21% | -2.10% | -23.11% |
Average DrawdownAverage peak-to-trough decline | -14.99% | -9.01% | -5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.45% | 2.08% | +14.37% |
Volatility
GEHC vs. SPY - Volatility Comparison
GE HealthCare Technologies Inc. (GEHC) has a higher volatility of 16.00% compared to State Street SPDR S&P 500 ETF (SPY) at 3.50%. 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.
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Volatility by Period
| GEHC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.00% | 3.50% | +12.50% |
Volatility (6M)Calculated over the trailing 6-month period | 29.27% | 10.13% | +19.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.00% | 12.88% | +23.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.71% | 17.18% | +16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.71% | 17.95% | +15.76% |
Dividends
GEHC vs. SPY - Dividend Comparison
GEHC's dividend yield for the trailing twelve months is around 0.20%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | 0.20% | 0.17% | 0.15% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
GEHC and SPY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEHC has higher volatility (16.00%) compared to SPY (3.50%). In terms of maximum drawdown, GEHC dropped -37.35% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.42 vs -0.06), 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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