Dual X-ray absorptiometry (DXA) studies of bone mineral density (BMD) of the lumbar spine and femoral neck were compared with measurements of broadband ultrasonic attenuation (BUA) and velocity of ultrasound (VOS) in the calcaneus in 300 pre- and postmenopausal women (mean age 53 years). The women were referred for evaluation of possible osteopenia as defined by DXA. The ability of ultrasound measurements to predict osteopenia in women was compared with the ability of lumbar spine and femoral neck DXA scans to predict osteopenia in the hip and spine. A new ultrasound parameter obtained by combining BUA and VOS (combined attenuation and velocity (CAV)) was also evaluated. Linear regression analysis of the three ultrasound parameters and lumbar spine and femoral neck BMD gave weak but statistically significant correlations (r = 0.45-0.54). The correlation between spine and femoral neck BMD was statistically significantly better (r = 0.72). Receiver-operating characteristic (ROC) analysis was used to investigate the sensitivity and specificity of ultrasound measurements in predicting patients with osteopenia. The areas under the ROC curves ranged from 0.64 to 0.75 and ultrasound parameters were shown to be poor at predicting osteopenia as defined by DXA. The ability of lumbar spine and femoral neck DXA measurement to predict osteopenia in the hip and spine, respectively, was statistically significantly better than any of the ultrasound parameters. Ultrasound measurements in the calcaneus did not appear to identify accurately patients with osteopenia defined by DXA measurements of bone density in the axial and appendicular skeleton.