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XRAY vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between XRAY and SPY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

XRAY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DENTSPLY SIRONA Inc. (XRAY) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-23.29%
9.85%
XRAY
SPY

Key characteristics

Sharpe Ratio

XRAY:

-1.14

SPY:

2.21

Sortino Ratio

XRAY:

-1.48

SPY:

2.93

Omega Ratio

XRAY:

0.75

SPY:

1.41

Calmar Ratio

XRAY:

-0.61

SPY:

3.26

Martin Ratio

XRAY:

-1.56

SPY:

14.40

Ulcer Index

XRAY:

28.80%

SPY:

1.90%

Daily Std Dev

XRAY:

39.45%

SPY:

12.44%

Max Drawdown

XRAY:

-73.68%

SPY:

-55.19%

Current Drawdown

XRAY:

-71.11%

SPY:

-1.83%

Returns By Period

In the year-to-date period, XRAY achieves a -45.82% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, XRAY has underperformed SPY with an annualized return of -9.08%, while SPY has yielded a comparatively higher 13.04% annualized return.


XRAY

YTD

-45.82%

1M

0.96%

6M

-24.97%

1Y

-45.04%

5Y*

-18.81%

10Y*

-9.08%

SPY

YTD

26.72%

1M

0.20%

6M

10.28%

1Y

27.17%

5Y*

14.87%

10Y*

13.04%

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Risk-Adjusted Performance

XRAY vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for DENTSPLY SIRONA Inc. (XRAY) 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.


Sharpe ratio
The chart of Sharpe ratio for XRAY, currently valued at -1.14, compared to the broader market-4.00-2.000.002.00-1.142.21
The chart of Sortino ratio for XRAY, currently valued at -1.48, compared to the broader market-4.00-2.000.002.004.00-1.482.93
The chart of Omega ratio for XRAY, currently valued at 0.75, compared to the broader market0.501.001.502.000.751.41
The chart of Calmar ratio for XRAY, currently valued at -0.61, compared to the broader market0.002.004.006.00-0.613.26
The chart of Martin ratio for XRAY, currently valued at -1.56, compared to the broader market0.0010.0020.00-1.5614.40
XRAY
SPY

The current XRAY Sharpe Ratio is -1.14, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of XRAY and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-1.14
2.21
XRAY
SPY

Dividends

XRAY vs. SPY - Dividend Comparison

XRAY's dividend yield for the trailing twelve months is around 3.27%, more than SPY's 1.19% yield.


TTM20232022202120202019201820172016201520142013
XRAY
DENTSPLY SIRONA Inc.
3.27%1.57%1.57%0.77%0.76%0.66%0.95%0.53%0.54%0.48%0.50%0.52%
SPY
SPDR S&P 500 ETF
1.19%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

XRAY vs. SPY - Drawdown Comparison

The maximum XRAY drawdown since its inception was -73.68%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XRAY and SPY. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-71.11%
-1.83%
XRAY
SPY

Volatility

XRAY vs. SPY - Volatility Comparison

DENTSPLY SIRONA Inc. (XRAY) has a higher volatility of 7.95% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that XRAY'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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
7.95%
3.83%
XRAY
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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