^IBEX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about IBEX 35 Index (^IBEX) and S&P 500 Index (^GSPC).

Performance

^IBEX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IBEX 35 Index (^IBEX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

^IBEX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^IBEX IBEX 35 Index	1.58%	49.27%	14.78%	22.76%	-5.56%	7.93%	-15.45%	11.82%	-14.97%	7.40%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

^IBEX is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^IBEX achieves a 1.58% return, which is significantly higher than ^GSPC's -2.47% return. Over the past 10 years, ^IBEX has underperformed ^GSPC with an annualized return of 7.41%, while ^GSPC has yielded a comparatively higher 12.07% annualized return.

^IBEX

• 1D: 3.11%
• 1M: -1.67%
• YTD: 1.58%
• 6M: 13.14%
• 1Y: 32.21%
• 3Y*: 23.95%
• 5Y*: 15.43%
• 10Y*: 7.41%

^GSPC

• 1D: 0.61%
• 1M: -3.45%
• YTD: -2.47%
• 6M: -0.63%
• 1Y: 8.91%
• 3Y*: 14.47%
• 5Y*: 10.74%
• 10Y*: 12.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^IBEX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^IBEX

^IBEX Risk / Return Rank: 94
^IBEX Sharpe Ratio Rank: 92
^IBEX Sortino Ratio Rank: 92
^IBEX Omega Ratio Rank: 93
^IBEX Calmar Ratio Rank: 97
^IBEX Martin Ratio Rank: 97

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

^IBEX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IBEX 35 Index (^IBEX) and S&P 500 Index (^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.

	^IBEX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.80	0.43	+1.36
Sortino ratio Return per unit of downside risk	2.28	0.73	+1.55
Omega ratio Gain probability vs. loss probability	1.35	1.12	+0.24
Calmar ratio Return relative to maximum drawdown	4.74	0.66	+4.08
Martin ratio Return relative to average drawdown	17.21	2.77	+14.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^IBEX vs. ^GSPC - Sharpe Ratio Comparison

The current ^IBEX Sharpe Ratio is 1.80, which is higher than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of ^IBEX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^IBEX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	0.43	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.64	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.65	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.45	-0.20

Correlation

The correlation between ^IBEX 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.

Drawdowns

^IBEX vs. ^GSPC - Drawdown Comparison

The maximum ^IBEX drawdown since its inception was -62.65%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for ^IBEX and ^GSPC.

Drawdown Indicators

	^IBEX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-62.65%	-56.78%	-5.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-12.14%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-25.43%	+3.67%
Max Drawdown (10Y) Largest decline over 10 years	-45.16%	-33.92%	-11.24%
Current Drawdown Current decline from peak	-4.95%	-5.78%	+0.83%
Average Drawdown Average peak-to-trough decline	-28.45%	-10.75%	-17.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.60%	+0.06%

Volatility

^IBEX vs. ^GSPC - Volatility Comparison

IBEX 35 Index (^IBEX) has a higher volatility of 6.82% compared to S&P 500 Index (^GSPC) at 4.42%. This indicates that ^IBEX'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.

Volatility by Period

	^IBEX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	4.42%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	9.93%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.57%	20.69%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	16.81%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	18.63%	-0.11%