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 -30.08%/yr vs 11.43%/yr for ^GSPC. At a 0.35 correlation, their price movements are largely independent.
Performance
WGS vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, WGS achieves a -50.91% return, which is significantly lower than ^GSPC's 9.79% return.
WGS
- 1D
- -2.73%
- 1M
- 6.56%
- 6M
- -46.45%
- YTD
- -50.91%
- 1Y
- -22.66%
- 3Y*
- 111.80%
- 5Y*
- -30.08%
- 10Y*
- —
^GSPC
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
WGS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WGS GeneDx Holdings Corp. | -50.91% | 69.22% | 2,694.91% | -68.41% | -94.09% | -59.60% | 12.65% |
^GSPC S&P 500 Index | 9.79% | 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 price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
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 | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.29 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.21 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.54 | 9.61 | -10.15 |
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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 | -84.28% | -18.90% | -65.38% |
Max Drawdown (5Y)Largest decline over 5 years | -99.70% | -25.43% | -74.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -92.50% | -1.24% | -91.26% |
Average DrawdownAverage peak-to-trough decline | -83.47% | -10.71% | -72.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.01% | 2.09% | +39.92% |
Volatility
WGS vs. ^GSPC - Volatility Comparison
GeneDx Holdings Corp. (WGS) has a higher volatility of 24.37% compared to S&P 500 Index (^GSPC) at 3.96%. 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 | 24.37% | 3.96% | +20.41% |
Volatility (6M)Calculated over the trailing 6-month period | 87.66% | 9.99% | +77.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.44% | 12.57% | +70.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.24% | 17.01% | +93.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.08% | 18.05% | +89.03% |
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 (24.37%) compared to ^GSPC (3.96%). In terms of maximum drawdown, WGS dropped -99.85% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.61 vs -0.27), 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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