SHL.DE vs. GEHC
SHL.DE (Siemens Healthineers AG) and GEHC (GE HealthCare Technologies Inc.) are both stocks. Both are in the Healthcare sector — SHL.DE in Diagnostics & Research, GEHC in Health Information Services. Over the past 3 years, SHL.DE returned -11.71%/yr vs -10.06%/yr for GEHC. At a 0.28 correlation, their price movements are largely independent.
Performance
SHL.DE vs. GEHC - Performance Comparison
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Different Trading Currencies
SHL.DE is traded in EUR, while GEHC is traded in USD. To make them comparable, the GEHC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHL.DE achieves a -21.01% return, which is significantly lower than GEHC's -19.54% return.
SHL.DE
- 1D
- 3.43%
- 1M
- -2.70%
- YTD
- -21.01%
- 6M
- -18.45%
- 1Y
- -23.74%
- 3Y*
- -11.71%
- 5Y*
- -4.09%
- 10Y*
- —
GEHC
- 1D
- 2.16%
- 1M
- 6.82%
- YTD
- -19.54%
- 6M
- -23.47%
- 1Y
- -10.05%
- 3Y*
- -10.06%
- 5Y*
- —
- 10Y*
- —
SHL.DE vs. GEHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHL.DE Siemens Healthineers AG | -21.01% | -10.78% | -0.82% | 12.33% |
GEHC GE HealthCare Technologies Inc. | -19.54% | -7.37% | 7.94% | 22.96% |
Correlation
The correlation between SHL.DE and GEHC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2023 | 0.28 |
The correlation between SHL.DE and GEHC shifts across timeframes, from 0.28 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHL.DE vs. GEHC — Risk / Return Rank
SHL.DE
GEHC
SHL.DE vs. GEHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siemens Healthineers AG (SHL.DE) and GE HealthCare Technologies Inc. (GEHC). 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.
| SHL.DE | GEHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.97 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.31 | -0.43 |
| Martin ratioReturn relative to average drawdown | -1.55 | -0.78 | -0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHL.DE | GEHC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | -0.32 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.01 | +0.15 |
Drawdowns
SHL.DE vs. GEHC - Drawdown Comparison
The maximum SHL.DE drawdown since its inception was -45.44%, which is greater than GEHC's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for SHL.DE and GEHC.
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Drawdown Indicators
| SHL.DE | GEHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -42.81% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -30.95% | -32.53% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -40.03% | -42.81% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -45.44% | — | — |
Current DrawdownCurrent decline from peak | -43.40% | -37.01% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -16.20% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.83% | 12.95% | +1.88% |
Volatility
SHL.DE vs. GEHC - Volatility Comparison
Siemens Healthineers AG (SHL.DE) and GE HealthCare Technologies Inc. (GEHC) have volatilities of 7.77% and 8.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHL.DE | GEHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 8.12% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | 24.86% | -8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.39% | 31.09% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 32.19% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.84% | 32.19% | -6.35% |
Dividends
SHL.DE vs. GEHC - Dividend Comparison
SHL.DE's dividend yield for the trailing twelve months is around 2.89%, more than GEHC's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GEHC GE HealthCare Technologies Inc. | 0.22% | 0.17% | 0.15% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
SHL.DE Siemens Healthineers AG | 2.89% | 2.11% | 1.86% | 1.81% | 1.82% | 1.22% | 1.91% | 1.63% |
Financials
SHL.DE vs. GEHC - Financials Comparison
This section allows you to compare key financial metrics between Siemens Healthineers AG and GE HealthCare Technologies Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SHL.DE and GEHC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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