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^AEX vs. ^GSPC

Last updated May 27, 2023

Compare and contrast key facts about AEX Index (^AEX) and S&P 500 (^GSPC).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AEX or ^GSPC.

Key characteristics

YTD Return11.44%9.53%
1Y Return10.83%3.64%
5Y Return (Ann)6.31%9.10%
10Y Return (Ann)7.42%9.75%
Sharpe Ratio0.430.27
Daily Std Dev17.74%21.14%
Max Drawdown-71.60%-56.78%



The correlation between ^AEX and ^GSPC is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

^AEX vs. ^GSPC - Performance Comparison

In the year-to-date period, ^AEX achieves a 11.44% return, which is significantly higher than ^GSPC's 9.53% return. Over the past 10 years, ^AEX has underperformed ^GSPC with an annualized return of 7.42%, while ^GSPC has yielded a comparatively higher 9.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


Compare stocks, funds, or ETFs

AEX Index

S&P 500

^AEX vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AEX Index (^AEX) and S&P 500 (^GSPC). 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.

Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AEX Index
S&P 500

^AEX vs. ^GSPC - Sharpe Ratio Comparison

The current ^AEX Sharpe Ratio is 0.42, which is higher than the ^GSPC Sharpe Ratio of 0.11. The chart below compares the 12-month rolling Sharpe Ratio of ^AEX and ^GSPC.


^AEX vs. ^GSPC - Drawdown Comparison

The maximum ^AEX drawdown for the period was -22.30%, roughly equal to the maximum ^GSPC drawdown of -21.13%. The drawdown chart below compares losses from any high point along the way for ^AEX and ^GSPC


^AEX vs. ^GSPC - Volatility Comparison

AEX Index (^AEX) has a higher volatility of 4.10% compared to S&P 500 (^GSPC) at 3.82%. This indicates that ^AEX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.