WGS vs. SPY
Compare and contrast key facts about GeneDx Holdings Corp. (WGS) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGS or SPY.
Correlation
The correlation between WGS and SPY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
WGS vs. SPY - Performance Comparison
Key characteristics
WGS:
7.43
SPY:
0.30
WGS:
6.08
SPY:
0.56
WGS:
1.69
SPY:
1.08
WGS:
9.03
SPY:
0.31
WGS:
72.62
SPY:
1.40
WGS:
12.30%
SPY:
4.18%
WGS:
120.23%
SPY:
19.64%
WGS:
-99.85%
SPY:
-55.19%
WGS:
-88.79%
SPY:
-13.86%
Returns By Period
In the year-to-date period, WGS achieves a 24.21% return, which is significantly higher than SPY's -9.91% return.
WGS
24.21%
-2.02%
58.98%
897.60%
N/A
N/A
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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Risk-Adjusted Performance
WGS vs. SPY — Risk-Adjusted Performance Rank
WGS
SPY
WGS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GeneDx Holdings Corp. (WGS) and 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.
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 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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. For additional features, visit the drawdowns tool.
Volatility
WGS vs. SPY - Volatility Comparison
GeneDx Holdings Corp. (WGS) has a higher volatility of 21.52% compared to SPDR S&P 500 ETF (SPY) at 14.52%. 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.