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 -2.24%/yr vs 18.37%/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 -3.33% return, which is significantly lower than ^IXIC's 15.44% return. Over the past 10 years, ZBH has underperformed ^IXIC with an annualized return of -2.24%, while ^IXIC has yielded a comparatively higher 18.37% annualized return.
ZBH
- 1D
- 2.01%
- 1M
- 4.43%
- YTD
- -3.33%
- 6M
- -6.44%
- 1Y
- -4.22%
- 3Y*
- -11.95%
- 5Y*
- -10.16%
- 10Y*
- -2.24%
^IXIC
- 1D
- -0.09%
- 1M
- 5.94%
- YTD
- 15.44%
- 6M
- 14.15%
- 1Y
- 37.87%
- 3Y*
- 26.58%
- 5Y*
- 14.20%
- 10Y*
- 18.37%
ZBH vs. ^IXIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZBH Zimmer Biomet Holdings, Inc. | -3.33% | -14.03% | -12.46% | -3.81% | 4.24% | -17.02% | 3.77% | 45.37% | -13.30% | 17.86% |
^IXIC NASDAQ Composite | 15.44% | 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 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2001 | 0.45 |
Over the past year, the correlation between ZBH and ^IXIC has dropped to 0.05 - 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.
| ZBH | ^IXIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.88 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.33 | 11.23 | -11.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZBH | ^IXIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 2.34 | -2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 0.64 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.84 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.53 | -0.35 |
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 | -48.62% | -36.40% | -12.22% |
Max Drawdown (10Y)Largest decline over 10 years | -52.14% | -36.40% | -15.74% |
Current DrawdownCurrent decline from peak | -47.86% | -0.97% | -46.89% |
Average DrawdownAverage peak-to-trough decline | -20.06% | -21.40% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 3.38% | +9.39% |
Volatility
ZBH vs. ^IXIC - Volatility Comparison
Zimmer Biomet Holdings, Inc. (ZBH) has a higher volatility of 7.67% compared to NASDAQ Composite (^IXIC) at 4.23%. This indicates that ZBH's price experiences larger fluctuations and is considered to be riskier 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 | 7.67% | 4.23% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.19% | 12.13% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.44% | 16.24% | +14.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.61% | 22.43% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.43% | 22.01% | +6.42% |
Frequently Asked Questions
ZBH and ^IXIC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZBH has higher volatility (7.67%) compared to ^IXIC (4.23%). In terms of maximum drawdown, ZBH dropped -65.03% vs ^IXIC's -77.93%.
^IXIC currently has the higher Sharpe Ratio (2.34 vs -0.14), 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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