^GDAXI vs. ^GSPC
Compare and contrast key facts about DAX Performance Index (^GDAXI) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or ^GSPC.
Correlation
The correlation between ^GDAXI and ^GSPC is 0.35, 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.
Performance
^GDAXI vs. ^GSPC - Performance Comparison
Key characteristics
^GDAXI:
1.58
^GSPC:
2.10
^GDAXI:
2.19
^GSPC:
2.80
^GDAXI:
1.27
^GSPC:
1.39
^GDAXI:
2.35
^GSPC:
3.09
^GDAXI:
8.63
^GSPC:
13.49
^GDAXI:
2.21%
^GSPC:
1.94%
^GDAXI:
11.97%
^GSPC:
12.52%
^GDAXI:
-72.68%
^GSPC:
-56.78%
^GDAXI:
-2.65%
^GSPC:
-2.62%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 18.70% return, which is significantly lower than ^GSPC's 24.34% return. Over the past 10 years, ^GDAXI has underperformed ^GSPC with an annualized return of 7.15%, while ^GSPC has yielded a comparatively higher 11.06% annualized return.
^GDAXI
18.70%
4.63%
9.48%
19.16%
8.24%
7.15%
^GSPC
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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Risk-Adjusted Performance
^GDAXI vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) 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.
Drawdowns
^GDAXI vs. ^GSPC - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. ^GSPC - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 3.52%, while S&P 500 (^GSPC) has a volatility of 3.75%. This indicates that ^GDAXI experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.