OGN vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Organon & Co. (OGN) and S&P 500 Index (^GSPC).

Performance

OGN vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Organon & Co. (OGN) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

OGN vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OGN Organon & Co.	-16.25%	-50.71%	9.92%	-45.12%	-4.86%	-12.15%
^GSPC S&P 500 Index	-4.63%	16.39%	23.31%	24.23%	-19.44%	13.26%

Returns By Period

In the year-to-date period, OGN achieves a -16.25% return, which is significantly lower than ^GSPC's -4.63% return.

OGN

• 1D: 5.09%
• 1M: -17.83%
• YTD: -16.25%
• 6M: -43.62%
• 1Y: -59.38%
• 3Y*: -33.61%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

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

Return for Risk

OGN vs. ^GSPC — Risk / Return Rank

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

OGN

OGN Risk / Return Rank: 7
OGN Sharpe Ratio Rank: 5
OGN Sortino Ratio Rank: 7
OGN Omega Ratio Rank: 6
OGN Calmar Ratio Rank: 5
OGN Martin Ratio Rank: 13

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

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.

OGN vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Organon & Co. (OGN) and S&P 500 Index (^GSPC). 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.

	OGN	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.96	0.90	-1.85
Sortino ratio Return per unit of downside risk	-1.37	1.39	-2.75
Omega ratio Gain probability vs. loss probability	0.80	1.21	-0.41
Calmar ratio Return relative to maximum drawdown	-0.95	1.40	-2.35
Martin ratio Return relative to average drawdown	-1.41	6.61	-8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGN vs. ^GSPC - Sharpe Ratio Comparison

The current OGN Sharpe Ratio is -0.96, which is lower than the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of OGN and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OGN	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	0.90	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	0.46	-1.09

Correlation

The correlation between OGN and ^GSPC is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

OGN vs. ^GSPC - Drawdown Comparison

The maximum OGN drawdown since its inception was -82.69%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for OGN and ^GSPC.

Drawdown Indicators

	OGN	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-82.69%	-56.78%	-25.91%
Max Drawdown (1Y) Largest decline over 1 year	-60.90%	-12.14%	-48.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-81.81%	-6.45%	-75.36%
Average Drawdown Average peak-to-trough decline	-42.34%	-10.75%	-31.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.48%	2.57%	+38.91%

Volatility

OGN vs. ^GSPC - Volatility Comparison

Organon & Co. (OGN) has a higher volatility of 9.34% compared to S&P 500 Index (^GSPC) at 5.34%. This indicates that OGN's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGN	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.34%	5.34%	+4.00%
Volatility (6M) Calculated over the trailing 6-month period	42.99%	9.54%	+33.45%
Volatility (1Y) Calculated over the trailing 1-year period	62.31%	18.33%	+43.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.00%	16.91%	+27.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.00%	18.05%	+25.95%