^GSPC vs. CACX.L
^GSPC (S&P 500 Index) is an index, while CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) is Europe Equities fund tracking the Euronext Paris CAC 40 NR EUR. Over the past 10 years, ^GSPC returned 13.45%/yr vs 10.67%/yr for CACX.L. At a 0.48 correlation, their price movements are largely independent.
Performance
^GSPC vs. CACX.L - Performance Comparison
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Different Trading Currencies
^GSPC is traded in USD, while CACX.L is traded in GBp. To make them comparable, the CACX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^GSPC achieves a 8.18% return, which is significantly higher than CACX.L's 1.48% return. Over the past 10 years, ^GSPC has outperformed CACX.L with an annualized return of 13.45%, while CACX.L has yielded a comparatively lower 10.67% annualized return.
^GSPC
- 1D
- 0.30%
- 1M
- 0.09%
- YTD
- 8.18%
- 6M
- 8.17%
- 1Y
- 23.42%
- 3Y*
- 19.88%
- 5Y*
- 11.91%
- 10Y*
- 13.45%
CACX.L
- 1D
- 0.12%
- 1M
- 0.19%
- YTD
- 1.48%
- 6M
- 3.00%
- 1Y
- 9.72%
- 3Y*
- 10.04%
- 5Y*
- 6.45%
- 10Y*
- 10.67%
^GSPC vs. CACX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.18% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
CACX.L Lyxor CAC 40 (DR) UCITS ETF - Dist | 1.48% | 28.62% | -5.98% | 23.00% | -11.19% | 21.03% | 3.87% | 31.09% | -10.56% | 30.69% |
Correlation
The correlation between ^GSPC and CACX.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.48 |
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Return for Risk
^GSPC vs. CACX.L — Risk / Return Rank
^GSPC
CACX.L
^GSPC vs. CACX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L). 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.
| ^GSPC | CACX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.12 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.76 | +1.83 |
| Martin ratioReturn relative to average drawdown | 11.84 | 2.33 | +9.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^GSPC | CACX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 0.59 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.32 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.53 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.05 | +0.42 |
Drawdowns
^GSPC vs. CACX.L - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, smaller than the maximum CACX.L drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for ^GSPC and CACX.L.
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Drawdown Indicators
| ^GSPC | CACX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -68.54% | +11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -12.77% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -15.17% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -32.43% | +7.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -40.03% | +6.11% |
Current DrawdownCurrent decline from peak | -2.68% | -4.77% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -33.24% | +22.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 4.16% | -2.18% |
Volatility
^GSPC vs. CACX.L - Volatility Comparison
S&P 500 Index (^GSPC) and Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) have volatilities of 3.80% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | CACX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 3.91% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 12.59% | -3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 16.39% | -4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 19.89% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 20.20% | -2.11% |
Frequently Asked Questions
^GSPC and CACX.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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