WGS vs. ^GSPC
WGS (GeneDx Holdings Corp.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, WGS returned -29.44%/yr vs 11.25%/yr for ^GSPC. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
WGS vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, WGS achieves a -49.94% return, which is significantly lower than ^GSPC's 9.41% return.
WGS
- 1D
- -5.58%
- 1M
- -3.56%
- 6M
- -32.36%
- YTD
- -49.94%
- 1Y
- -35.92%
- 3Y*
- 104.44%
- 5Y*
- -29.44%
- 10Y*
- —
- ALL TIME*
- -24.38%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $43.35M | $44.61M | $68.76M |
WGS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WGS GeneDx Holdings Corp. | -49.94% | 69.22% | 2,694.91% | -68.41% | -94.09% | -59.60% | 12.65% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 11.48% |
Correlation
The correlation between WGS and ^GSPC is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2020 | 0.35 |
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Return for Risk
WGS vs. ^GSPC — Risk / Return Rank
WGS
^GSPC
WGS vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GeneDx Holdings Corp. (WGS) 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.
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.
| WGS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 2.00 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.81 | 8.49 | -9.30 |
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Drawdowns
WGS vs. ^GSPC - Drawdown Comparison
The maximum WGS drawdown since its inception was -99.85%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WGS and ^GSPC.
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Drawdown Indicators
| WGS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.85% | -56.78% | -43.07% |
Max Drawdown (1Y)Largest decline over 1 year | -79.40% | -9.10% | -70.30% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -18.90% | -63.73% |
Max Drawdown (5Y)Largest decline over 5 years | -99.69% | -25.43% | -74.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -92.36% | -1.58% | -90.78% |
Average DrawdownAverage peak-to-trough decline | -83.56% | -10.70% | -72.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.51% | 2.14% | +42.37% |
Volatility
WGS vs. ^GSPC - Volatility Comparison
GeneDx Holdings Corp. (WGS) has a higher volatility of 20.98% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that WGS'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.
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Volatility by Period
| WGS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.98% | 3.51% | +17.47% |
Volatility (6M)Calculated over the trailing 6-month period | 86.94% | 10.11% | +76.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.15% | 12.87% | +70.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.05% | 17.01% | +93.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.80% | 18.07% | +88.73% |
Frequently Asked Questions
WGS and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGS has higher volatility (20.98%) compared to ^GSPC (3.51%). In terms of maximum drawdown, WGS dropped -99.85% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.42 vs -0.44), 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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