ZBH vs. ^IXIC
ZBH (Zimmer Biomet Holdings, Inc.) is a stock, while ^IXIC (NASDAQ Composite) is an index. Over the past 10 years, ZBH returned -1.43%/yr vs 18.39%/yr for ^IXIC. At a 0.45 correlation, their price movements are largely independent.
Performance
ZBH vs. ^IXIC - Performance Comparison
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Returns By Period
In the year-to-date period, ZBH achieves a 0.99% return, which is significantly lower than ^IXIC's 9.61% return. Over the past 10 years, ZBH has underperformed ^IXIC with an annualized return of -1.43%, while ^IXIC has yielded a comparatively higher 18.39% annualized return.
ZBH
- 1D
- 3.41%
- 1M
- 5.92%
- YTD
- 0.99%
- 6M
- 0.91%
- 1Y
- -0.90%
- 3Y*
- -13.60%
- 5Y*
- -10.15%
- 10Y*
- -1.43%
^IXIC
- 1D
- -0.43%
- 1M
- -3.29%
- YTD
- 9.61%
- 6M
- 7.89%
- 1Y
- 27.94%
- 3Y*
- 23.60%
- 5Y*
- 12.15%
- 10Y*
- 18.39%
ZBH vs. ^IXIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZBH Zimmer Biomet Holdings, Inc. | 0.99% | -14.03% | -12.46% | -3.81% | 4.24% | -17.02% | 3.77% | 45.37% | -13.30% | 17.86% |
^IXIC NASDAQ Composite | 9.61% | 20.36% | 28.64% | 43.42% | -33.10% | 21.39% | 43.64% | 35.23% | -3.88% | 28.24% |
Correlation
The correlation between ZBH and ^IXIC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2001 | 0.45 |
Over the past year, the correlation between ZBH and ^IXIC has dropped to 0.02 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
ZBH vs. ^IXIC — Risk / Return Rank
ZBH
^IXIC
ZBH vs. ^IXIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zimmer Biomet Holdings, Inc. (ZBH) and NASDAQ Composite (^IXIC). 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.
| ZBH | ^IXIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.13 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.07 | 7.92 | -7.99 |
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Drawdowns
ZBH vs. ^IXIC - Drawdown Comparison
The maximum ZBH drawdown since its inception was -65.03%, smaller than the maximum ^IXIC drawdown of -77.93%. Use the drawdown chart below to compare losses from any high point for ZBH and ^IXIC.
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Drawdown Indicators
| ZBH | ^IXIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.03% | -77.93% | +12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.54% | -13.21% | -12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -43.94% | -24.32% | -19.62% |
Max Drawdown (5Y)Largest decline over 5 years | -48.53% | -36.40% | -12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -52.14% | -36.40% | -15.74% |
Current DrawdownCurrent decline from peak | -45.53% | -5.97% | -39.56% |
Average DrawdownAverage peak-to-trough decline | -20.11% | -21.38% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.36% | 3.53% | +9.83% |
Volatility
ZBH vs. ^IXIC - Volatility Comparison
The current volatility for Zimmer Biomet Holdings, Inc. (ZBH) is 7.13%, while NASDAQ Composite (^IXIC) has a volatility of 7.66%. This indicates that ZBH experiences smaller price fluctuations and is considered to be less risky than ^IXIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZBH | ^IXIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 7.66% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 20.70% | 13.81% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.72% | 17.58% | +13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.68% | 22.65% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.47% | 22.08% | +6.39% |
Frequently Asked Questions
ZBH and ^IXIC have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^IXIC has higher volatility (7.66%) compared to ZBH (7.13%). In terms of maximum drawdown, ZBH dropped -65.03% vs ^IXIC's -77.93%.
^IXIC currently has the higher Sharpe Ratio (1.60 vs -0.03), 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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