ZBH vs. ^IXIC
Compare and contrast key facts about Zimmer Biomet Holdings, Inc. (ZBH) and NASDAQ Composite (^IXIC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZBH or ^IXIC.
Performance
ZBH vs. ^IXIC - Performance Comparison
Returns By Period
In the year-to-date period, ZBH achieves a -6.54% return, which is significantly lower than ^IXIC's 25.18% return. Over the past 10 years, ZBH has underperformed ^IXIC with an annualized return of 1.34%, while ^IXIC has yielded a comparatively higher 14.88% annualized return.
ZBH
-6.54%
6.31%
-4.64%
2.05%
-3.23%
1.34%
^IXIC
25.18%
1.63%
11.89%
33.03%
17.18%
14.88%
Key characteristics
| ZBH | ^IXIC | |
|---|---|---|
| Sharpe Ratio | 0.10 | 1.89 |
| Sortino Ratio | 0.28 | 2.50 |
| Omega Ratio | 1.04 | 1.34 |
| Calmar Ratio | 0.05 | 2.52 |
| Martin Ratio | 0.17 | 9.39 |
| Ulcer Index | 13.06% | 3.53% |
| Daily Std Dev | 21.03% | 17.55% |
| Max Drawdown | -65.03% | -77.93% |
| Current Drawdown | -32.97% | -2.63% |
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Correlation
The correlation between ZBH and ^IXIC is 0.48, 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.
Risk-Adjusted Performance
ZBH vs. ^IXIC - Risk-Adjusted Performance 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.
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. For additional features, visit the drawdowns tool.
Volatility
ZBH vs. ^IXIC - Volatility Comparison
Zimmer Biomet Holdings, Inc. (ZBH) has a higher volatility of 8.04% compared to NASDAQ Composite (^IXIC) at 5.78%. 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.