ZBH vs. ^DVG

Last updated Jun 4, 2026

ZBH (Zimmer Biomet Holdings, Inc.) is a stock, while ^DVG (NASDAQ US Dividend Achievers Select Index) is an index. Over the past 10 years, ZBH returned -2.46%/yr vs 11.17%/yr for ^DVG. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

ZBH vs. ^DVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zimmer Biomet Holdings, Inc. (ZBH) and NASDAQ US Dividend Achievers Select Index (^DVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZBH achieves a -5.24% return, which is significantly lower than ^DVG's 5.69% return. Over the past 10 years, ZBH has underperformed ^DVG with an annualized return of -2.46%, while ^DVG has yielded a comparatively higher 11.17% annualized return.

ZBH

• 1D: 1.47%
• 1M: 2.79%
• YTD: -5.24%
• 6M: -8.23%
• 1Y: -6.51%
• 3Y*: -12.39%
• 5Y*: -10.52%
• 10Y*: -2.46%

^DVG

• 1D: -0.28%
• 1M: 3.68%
• YTD: 5.69%
• 6M: 5.06%
• 1Y: 15.71%
• 3Y*: 14.59%
• 5Y*: 8.70%
• 10Y*: 11.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZBH vs. ^DVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZBH Zimmer Biomet Holdings, Inc.	-5.24%	-14.03%	-12.46%	-3.81%	4.24%	-17.02%	3.77%	45.37%	-13.30%	17.86%
^DVG NASDAQ US Dividend Achievers Select Index	5.69%	12.45%	16.48%	11.94%	-11.28%	21.39%	13.47%	27.27%	-3.92%	19.81%

Correlation

The correlation between ZBH and ^DVG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 26, 2001	0.53

Over the past year, the correlation between ZBH and ^DVG has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

ZBH vs. ^DVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZBH

ZBH Risk / Return Rank: 30
ZBH Sharpe Ratio Rank: 32
ZBH Sortino Ratio Rank: 28
ZBH Omega Ratio Rank: 28
ZBH Calmar Ratio Rank: 32
ZBH Martin Ratio Rank: 31

^DVG

^DVG Risk / Return Rank: 51
^DVG Sharpe Ratio Rank: 51
^DVG Sortino Ratio Rank: 53
^DVG Omega Ratio Rank: 52
^DVG Calmar Ratio Rank: 49
^DVG Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZBH vs. ^DVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zimmer Biomet Holdings, Inc. (ZBH) and NASDAQ US Dividend Achievers Select Index (^DVG). 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.

	ZBH	^DVG	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.50	-1.71
Sortino ratio: Return per unit of downside risk	-0.08	2.20	-2.28
Omega ratio: Gain probability vs. loss probability	0.99	1.26	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.26	1.84	-2.10
Martin ratio: Return relative to average drawdown	-0.51	7.19	-7.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZBH vs. ^DVG - Sharpe Ratio Comparison

The current ZBH Sharpe Ratio is -0.22, which is lower than the ^DVG Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of ZBH and ^DVG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZBH	^DVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	1.50	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	0.61	-1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	0.69	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.40	-0.23

Drawdowns

ZBH vs. ^DVG - Drawdown Comparison

The maximum ZBH drawdown since its inception was -65.03%, which is greater than ^DVG's maximum drawdown of -48.54%. Use the drawdown chart below to compare losses from any high point for ZBH and ^DVG.

Drawdown Indicators

	ZBH	^DVG	Difference
Max Drawdown Largest peak-to-trough decline	-65.03%	-48.54%	-16.49%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-8.57%	-16.97%
Max Drawdown (3Y) Largest decline over 3 years	-43.94%	-15.58%	-28.36%
Max Drawdown (5Y) Largest decline over 5 years	-48.62%	-21.58%	-27.04%
Max Drawdown (10Y) Largest decline over 10 years	-52.14%	-31.85%	-20.29%
Current Drawdown Current decline from peak	-48.89%	-0.28%	-48.61%
Average Drawdown Average peak-to-trough decline	-20.05%	-6.86%	-13.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.72%	2.19%	+10.53%

Volatility

ZBH vs. ^DVG - Volatility Comparison

Zimmer Biomet Holdings, Inc. (ZBH) has a higher volatility of 7.44% compared to NASDAQ US Dividend Achievers Select Index (^DVG) at 2.22%. This indicates that ZBH's price experiences larger fluctuations and is considered to be riskier than ^DVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZBH	^DVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	2.22%	+5.22%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	7.93%	+12.16%
Volatility (1Y) Calculated over the trailing 1-year period	30.38%	10.54%	+19.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.60%	14.42%	+12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.43%	16.25%	+12.18%

Frequently Asked Questions

Can I hold both ZBH and ^DVG in my portfolio?

ZBH and ^DVG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZBH or ^DVG?

ZBH has higher volatility (7.44%) compared to ^DVG (2.22%). In terms of maximum drawdown, ZBH dropped -65.03% vs ^DVG's -48.54%.

Which has better risk-adjusted returns?

^DVG currently has the higher Sharpe Ratio (1.50 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.