WGS vs. ^GSPC
Compare and contrast key facts about GeneDx Holdings Corp. (WGS) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGS or ^GSPC.
Correlation
The correlation between WGS and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
WGS:
7.43
^GSPC:
0.24
WGS:
6.08
^GSPC:
0.47
WGS:
1.69
^GSPC:
1.07
WGS:
9.03
^GSPC:
0.24
WGS:
72.62
^GSPC:
1.08
WGS:
12.30%
^GSPC:
4.25%
WGS:
120.23%
^GSPC:
19.00%
WGS:
-99.85%
^GSPC:
-56.78%
WGS:
-88.79%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, WGS achieves a 24.21% return, which is significantly higher than ^GSPC's -10.18% return.
WGS
24.21%
-2.02%
58.98%
897.60%
N/A
N/A
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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Risk-Adjusted Performance
WGS vs. ^GSPC — Risk-Adjusted Performance Rank
WGS
^GSPC
WGS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GeneDx Holdings Corp. (WGS) and S&P 500 (^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.
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. For additional features, visit the drawdowns tool.
Volatility
WGS vs. ^GSPC - Volatility Comparison
GeneDx Holdings Corp. (WGS) has a higher volatility of 21.52% compared to S&P 500 (^GSPC) at 13.60%. 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.