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S&P 500 E-Mini Futures (ES=F)
Performance
Return for Risk
Drawdowns
Volatility

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in S&P 500 E-Mini Futures, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

S&P 500 E-Mini Futures (ES=F) has returned -4.72% so far this year and 16.17% over the past 12 months. Over the last decade, ES=F has posted an annualized return of 12.27%, slightly higher than the S&P 500 Index benchmark’s 12.16%.


S&P 500 E-Mini Futures

1D
2.81%
1M
-4.67%
YTD
-4.72%
6M
-2.54%
1Y
16.17%
3Y*
16.65%
5Y*
10.37%
10Y*
12.27%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 10, 1997, ES=F's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, your investment would double in approximately 8.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +13.0%, while the worst month was Oct 2008 at -17.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ES=F closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +14.1%, while the worst single day was Mar 16, 2020 at -10.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.06%-1.10%-4.67%-4.72%
20252.22%-1.71%-5.20%-1.17%5.89%5.71%1.93%1.55%4.11%2.01%-0.21%0.48%16.12%
20241.05%4.79%4.01%-4.55%4.51%4.27%0.66%1.85%2.71%-1.30%5.45%-1.91%23.15%
20235.93%-2.80%4.08%1.23%0.05%7.11%2.81%-2.13%-4.22%-2.62%8.65%5.31%24.84%
2022-5.34%-3.02%3.73%-8.90%0.09%-8.27%9.08%-4.28%-8.97%7.82%5.11%-5.40%-18.86%
2021-1.16%2.81%4.15%5.22%0.63%2.09%2.36%2.98%-4.93%6.96%-0.67%4.21%26.94%

Benchmark Metrics

S&P 500 E-Mini Futures has an annualized alpha of -0.11%, beta of 0.98, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 11, 1997.

  • With beta of 0.98 and R² of 0.92, this asset moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha
-0.11%
Beta
0.98
0.92
Upside Capture
99.62%
Downside Capture
101.42%

Return for Risk

Risk / Return Rank

ES=F ranks 37 for risk / return — below 37% of futures on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


ES=F Risk / Return Rank: 3737
Overall Rank
ES=F Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
ES=F Sortino Ratio Rank: 2929
Sortino Ratio Rank
ES=F Omega Ratio Rank: 4646
Omega Ratio Rank
ES=F Calmar Ratio Rank: 2525
Calmar Ratio Rank
ES=F Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for S&P 500 E-Mini Futures (ES=F) and compare them to a chosen benchmark (S&P 500 Index).


ES=FBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.84

0.90

-0.05

Sortino ratio

Return per unit of downside risk

1.30

1.39

-0.09

Omega ratio

Gain probability vs. loss probability

1.20

1.21

-0.01

Calmar ratio

Return relative to maximum drawdown

1.60

1.40

+0.20

Martin ratio

Return relative to average drawdown

7.35

6.61

+0.74

Explore ES=F risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the S&P 500 E-Mini Futures. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the S&P 500 E-Mini Futures was 57.11%, occurring on Mar 9, 2009. Recovery took 1033 trading sessions.

The current S&P 500 E-Mini Futures drawdown is 6.40%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-57.11%Oct 10, 2007356Mar 9, 20091033Apr 10, 20131389
-50%Mar 27, 2000659Oct 9, 20021238Jul 12, 20071897
-34.45%Feb 17, 202026Mar 23, 2020110Aug 21, 2020136
-25.02%Jan 4, 2022208Oct 12, 2022299Dec 18, 2023507
-20.36%Sep 24, 201866Dec 24, 201891Apr 26, 2019157

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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