WGS vs. SPY
WGS (GeneDx Holdings Corp.) 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 5 years, WGS returned -31.16%/yr vs 13.15%/yr for SPY. At a 0.35 correlation, their price movements are largely independent.
Performance
WGS vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, WGS achieves a -49.53% return, which is significantly lower than SPY's 11.30% return.
WGS
- 1D
- -5.40%
- 1M
- 9.55%
- 6M
- -51.51%
- YTD
- -49.53%
- 1Y
- -20.49%
- 3Y*
- 117.84%
- 5Y*
- -31.16%
- 10Y*
- —
SPY
- 1D
- 0.43%
- 1M
- 2.04%
- 6M
- 9.35%
- YTD
- 11.30%
- 1Y
- 22.40%
- 3Y*
- 20.99%
- 5Y*
- 13.15%
- 10Y*
- 15.22%
WGS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WGS GeneDx Holdings Corp. | -49.53% | 69.22% | 2,694.91% | -68.41% | -94.09% | -59.60% | 12.65% |
SPY State Street SPDR S&P 500 ETF | 11.30% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 11.74% |
Correlation
The correlation between WGS and SPY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
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. SPY — Risk / Return Rank
WGS
SPY
WGS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GeneDx Holdings Corp. (WGS) 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.
| WGS | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.32 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 2.48 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.59 | 10.83 | -11.42 |
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Drawdowns
WGS vs. SPY - Drawdown Comparison
The maximum WGS drawdown since its inception was -99.85%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WGS and SPY.
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Drawdown Indicators
| WGS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.85% | -55.19% | -44.66% |
Max Drawdown (1Y)Largest decline over 1 year | -79.40% | -8.88% | -70.52% |
Max Drawdown (3Y)Largest decline over 3 years | -84.28% | -18.76% | -65.52% |
Max Drawdown (5Y)Largest decline over 5 years | -99.70% | -24.50% | -75.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -92.29% | -0.35% | -91.94% |
Average DrawdownAverage peak-to-trough decline | -83.46% | -9.03% | -74.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.85% | 2.03% | +39.82% |
Volatility
WGS vs. SPY - Volatility Comparison
GeneDx Holdings Corp. (WGS) has a higher volatility of 24.51% compared to State Street SPDR S&P 500 ETF (SPY) at 4.52%. This indicates that WGS'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
| WGS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.51% | 4.52% | +19.99% |
Volatility (6M)Calculated over the trailing 6-month period | 87.64% | 9.98% | +77.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.56% | 12.55% | +71.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.20% | 17.16% | +93.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.12% | 17.92% | +89.20% |
Dividends
WGS vs. SPY - Dividend Comparison
WGS has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
WGS GeneDx Holdings Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WGS and SPY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGS has higher volatility (24.51%) compared to SPY (4.52%). In terms of maximum drawdown, WGS dropped -99.85% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.76 vs -0.29), 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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