ZBH vs. VOO
ZBH (Zimmer Biomet Holdings, Inc.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ZBH returned -1.90%/yr vs 15.17%/yr for VOO. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
ZBH vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ZBH achieves a 8.43% return, which is significantly lower than VOO's 11.72% return. Over the past 10 years, ZBH has underperformed VOO with an annualized return of -1.90%, while VOO has yielded a comparatively higher 15.17% annualized return.
ZBH
- 1D
- 3.25%
- 1M
- 10.87%
- 6M
- 13.08%
- YTD
- 8.43%
- 1Y
- 8.14%
- 3Y*
- -7.58%
- 5Y*
- -6.79%
- 10Y*
- -1.90%
- ALL TIME*
- 5.52%
VOO
- 1D
- 1.42%
- 1M
- 1.69%
- 6M
- 9.53%
- YTD
- 11.72%
- 1Y
- 23.30%
- 3Y*
- 20.85%
- 5Y*
- 13.12%
- 10Y*
- 15.17%
- ALL TIME*
- 14.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.97B | $3.80B | $5.49B | |
| $207.83M | $207.98M | $201.59M |
ZBH vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZBH Zimmer Biomet Holdings, Inc. | 8.43% | -14.03% | -12.46% | -3.81% | 4.24% | -17.02% | 3.77% | 45.37% | -13.30% | 17.86% |
VOO Vanguard S&P 500 ETF | 11.72% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between ZBH and VOO is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.54 |
Over the past year, the correlation between ZBH and VOO has dropped to 0.09 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
ZBH vs. VOO — Risk / Return Rank
ZBH
VOO
ZBH vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zimmer Biomet Holdings, Inc. (ZBH) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.63 | -2.31 |
| Martin ratioReturn relative to average drawdown | 0.58 | 11.23 | -10.66 |
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Drawdowns
ZBH vs. VOO - Drawdown Comparison
The maximum ZBH drawdown since its inception was -65.03%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ZBH and VOO.
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Drawdown Indicators
| ZBH | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.03% | -33.99% | -31.04% |
Max Drawdown (1Y)Largest decline over 1 year | -25.54% | -8.90% | -16.64% |
Max Drawdown (3Y)Largest decline over 3 years | -38.82% | -18.69% | -20.13% |
Max Drawdown (5Y)Largest decline over 5 years | -43.94% | -24.52% | -19.42% |
Max Drawdown (10Y)Largest decline over 10 years | -52.14% | -33.99% | -18.15% |
Current DrawdownCurrent decline from peak | -41.51% | 0.00% | -41.51% |
Average DrawdownAverage peak-to-trough decline | -20.22% | -3.67% | -16.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.18% | 2.08% | +12.10% |
Volatility
ZBH vs. VOO - Volatility Comparison
Zimmer Biomet Holdings, Inc. (ZBH) has a higher volatility of 10.34% compared to Vanguard S&P 500 ETF (VOO) at 3.81%. This indicates that ZBH's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZBH | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 3.81% | +6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 23.40% | 10.18% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.62% | 12.80% | +19.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.03% | 16.95% | +10.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.69% | 18.02% | +10.67% |
Dividends
ZBH vs. VOO - Dividend Comparison
ZBH's dividend yield for the trailing twelve months is around 0.99%, less than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
ZBH Zimmer Biomet Holdings, Inc. | 0.99% | 1.07% | 0.91% | 0.79% | 0.75% | 0.76% | 0.62% | 0.64% | 0.93% | 0.80% | 0.93% | 0.86% |
Frequently Asked Questions
ZBH and VOO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZBH has higher volatility (10.34%) compared to VOO (3.81%). In terms of maximum drawdown, ZBH dropped -65.03% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.83 vs 0.25), 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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