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

Correlation

The correlation between ZBH and SPY is 0.52, 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

ZBH vs. SPY - Performance Comparison

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

300.00%400.00%500.00%600.00%700.00%AugustSeptemberOctoberNovemberDecember2025
303.96%
652.51%
ZBH
SPY

Key characteristics

Sharpe Ratio

ZBH:

-0.63

SPY:

1.90

Sortino Ratio

ZBH:

-0.76

SPY:

2.54

Omega Ratio

ZBH:

0.90

SPY:

1.35

Calmar Ratio

ZBH:

-0.34

SPY:

2.86

Martin Ratio

ZBH:

-0.91

SPY:

12.22

Ulcer Index

ZBH:

14.77%

SPY:

1.97%

Daily Std Dev

ZBH:

21.55%

SPY:

12.69%

Max Drawdown

ZBH:

-65.03%

SPY:

-55.19%

Current Drawdown

ZBH:

-37.86%

SPY:

-4.17%

Returns By Period

In the year-to-date period, ZBH achieves a -1.03% return, which is significantly lower than SPY's -0.95% return. Over the past 10 years, ZBH has underperformed SPY with an annualized return of -0.04%, while SPY has yielded a comparatively higher 13.19% annualized return.


ZBH

YTD

-1.03%

1M

-1.93%

6M

-3.39%

1Y

-14.33%

5Y*

-5.56%

10Y*

-0.04%

SPY

YTD

-0.95%

1M

-3.62%

6M

4.33%

1Y

23.34%

5Y*

13.85%

10Y*

13.19%

*Annualized

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Risk-Adjusted Performance

ZBH vs. SPY — Risk-Adjusted Performance Rank

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

ZBH
The Risk-Adjusted Performance Rank of ZBH is 2121
Overall Rank
The Sharpe Ratio Rank of ZBH is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of ZBH is 1717
Sortino Ratio Rank
The Omega Ratio Rank of ZBH is 1717
Omega Ratio Rank
The Calmar Ratio Rank of ZBH is 2828
Calmar Ratio Rank
The Martin Ratio Rank of ZBH is 2929
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 8282
Overall Rank
The Sharpe Ratio Rank of SPY is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 7979
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 8181
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 8282
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ZBH vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Zimmer Biomet Holdings, Inc. (ZBH) 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.


The chart of Sharpe ratio for ZBH, currently valued at -0.63, compared to the broader market-4.00-2.000.002.00-0.631.90
The chart of Sortino ratio for ZBH, currently valued at -0.76, compared to the broader market-4.00-2.000.002.004.00-0.762.54
The chart of Omega ratio for ZBH, currently valued at 0.90, compared to the broader market0.501.001.502.000.901.35
The chart of Calmar ratio for ZBH, currently valued at -0.34, compared to the broader market0.002.004.006.00-0.342.86
The chart of Martin ratio for ZBH, currently valued at -0.91, compared to the broader market0.0010.0020.00-0.9112.22
ZBH
SPY

The current ZBH Sharpe Ratio is -0.63, which is lower than the SPY Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of ZBH 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-1.000.001.002.003.004.00AugustSeptemberOctoberNovemberDecember2025
-0.63
1.90
ZBH
SPY

Dividends

ZBH vs. SPY - Dividend Comparison

ZBH's dividend yield for the trailing twelve months is around 0.92%, less than SPY's 1.22% yield.


TTM20242023202220212020201920182017201620152014
ZBH
Zimmer Biomet Holdings, Inc.
0.92%0.91%0.79%0.75%0.76%0.62%0.64%0.93%0.80%0.93%0.86%0.78%
SPY
SPDR S&P 500 ETF
1.22%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

ZBH vs. SPY - Drawdown Comparison

The maximum ZBH drawdown since its inception was -65.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ZBH and SPY. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-37.86%
-4.17%
ZBH
SPY

Volatility

ZBH vs. SPY - Volatility Comparison

Zimmer Biomet Holdings, Inc. (ZBH) has a higher volatility of 5.01% compared to SPDR S&P 500 ETF (SPY) at 4.69%. This indicates that ZBH'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.


2.00%4.00%6.00%8.00%10.00%12.00%AugustSeptemberOctoberNovemberDecember2025
5.01%
4.69%
ZBH
SPY