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 -33.26%/yr vs 13.51%/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 -57.39% return, which is significantly lower than SPY's 9.74% return.
WGS
- 1D
- -6.08%
- 1M
- 17.14%
- YTD
- -57.39%
- 6M
- -60.46%
- 1Y
- -17.28%
- 3Y*
- 108.32%
- 5Y*
- -33.26%
- 10Y*
- —
SPY
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.74%
- 6M
- 9.27%
- 1Y
- 26.65%
- 3Y*
- 21.27%
- 5Y*
- 13.51%
- 10Y*
- 15.70%
WGS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WGS GeneDx Holdings Corp. | -57.39% | 69.22% | 2,694.91% | -68.41% | -94.09% | -59.60% | 12.65% |
SPY State Street SPDR S&P 500 ETF | 9.74% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 11.74% |
Correlation
The correlation between WGS and SPY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
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 | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.39 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.01 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.44 | 13.54 | -13.97 |
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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 | -99.73% | -24.50% | -75.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -93.49% | -1.75% | -91.74% |
Average DrawdownAverage peak-to-trough decline | -83.38% | -9.04% | -74.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.64% | 1.97% | +37.67% |
Volatility
WGS vs. SPY - Volatility Comparison
GeneDx Holdings Corp. (WGS) has a higher volatility of 22.89% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. 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 | 22.89% | 4.64% | +18.25% |
Volatility (6M)Calculated over the trailing 6-month period | 85.99% | 9.75% | +76.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.81% | 12.43% | +73.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.05% | 17.14% | +92.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.34% | 17.99% | +89.35% |
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 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.01% | 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 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGS has higher volatility (22.89%) compared to SPY (4.64%). In terms of maximum drawdown, WGS dropped -99.85% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (2.16 vs -0.20), 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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