XRAY vs. ^GSPC
XRAY (DENTSPLY SIRONA Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XRAY returned -12.79%/yr vs 13.27%/yr for ^GSPC. At a 0.44 correlation, their price movements are largely independent.
Performance
XRAY vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, XRAY achieves a 21.17% return, which is significantly higher than ^GSPC's 10.05% return. Over the past 10 years, XRAY has underperformed ^GSPC with an annualized return of -12.79%, while ^GSPC has yielded a comparatively higher 13.27% annualized return.
XRAY
- 1D
- 3.36%
- 1M
- 32.54%
- 6M
- 10.10%
- YTD
- 21.17%
- 1Y
- -9.97%
- 3Y*
- -28.19%
- 5Y*
- -24.09%
- 10Y*
- -12.79%
^GSPC
- 1D
- -0.51%
- 1M
- 0.30%
- 6M
- 8.49%
- YTD
- 10.05%
- 1Y
- 20.28%
- 3Y*
- 18.54%
- 5Y*
- 11.73%
- 10Y*
- 13.27%
XRAY vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRAY DENTSPLY SIRONA Inc. | 21.17% | -36.84% | -45.28% | 13.50% | -42.11% | 7.32% | -6.59% | 53.14% | -43.00% | 14.66% |
^GSPC S&P 500 Index | 10.05% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between XRAY and ^GSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 1991 | 0.44 |
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Return for Risk
XRAY vs. ^GSPC — Risk / Return Rank
XRAY
^GSPC
XRAY vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DENTSPLY SIRONA Inc. (XRAY) 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.
| XRAY | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.24 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.37 | 9.71 | -10.07 |
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Drawdowns
XRAY vs. ^GSPC - Drawdown Comparison
The maximum XRAY drawdown since its inception was -84.45%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XRAY and ^GSPC.
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Drawdown Indicators
| XRAY | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.45% | -56.78% | -27.67% |
Max Drawdown (1Y)Largest decline over 1 year | -41.20% | -9.10% | -32.10% |
Max Drawdown (3Y)Largest decline over 3 years | -74.81% | -18.90% | -55.91% |
Max Drawdown (5Y)Largest decline over 5 years | -83.92% | -25.43% | -58.49% |
Max Drawdown (10Y)Largest decline over 10 years | -84.45% | -33.92% | -50.53% |
Current DrawdownCurrent decline from peak | -77.66% | -1.00% | -76.66% |
Average DrawdownAverage peak-to-trough decline | -20.65% | -10.70% | -9.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.22% | 2.09% | +25.13% |
Volatility
XRAY vs. ^GSPC - Volatility Comparison
DENTSPLY SIRONA Inc. (XRAY) has a higher volatility of 13.52% compared to S&P 500 Index (^GSPC) at 3.25%. This indicates that XRAY'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
| XRAY | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.52% | 3.25% | +10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 35.23% | 10.00% | +25.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.90% | 12.56% | +33.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.03% | 17.00% | +21.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.97% | 18.05% | +16.92% |
Frequently Asked Questions
XRAY and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRAY has higher volatility (13.52%) compared to ^GSPC (3.25%). In terms of maximum drawdown, XRAY dropped -84.45% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.62 vs -0.22), 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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