^IBEX vs. ^GSPC
^IBEX (IBEX 35 Index) and ^GSPC (S&P 500 Index) are both indexes. Over the past 10 years, ^IBEX returned 9.64%/yr vs 13.45%/yr for ^GSPC. At a 0.37 correlation, their price movements are largely independent.
Performance
^IBEX vs. ^GSPC - Performance Comparison
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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 12.91% return, which is significantly higher than ^GSPC's 11.12% return. Over the past 10 years, ^IBEX has underperformed ^GSPC with an annualized return of 9.64%, while ^GSPC has yielded a comparatively higher 13.45% annualized return.
^IBEX
- 1D
- 0.00%
- 1M
- 8.66%
- YTD
- 12.91%
- 6M
- 13.73%
- 1Y
- 41.21%
- 3Y*
- 28.24%
- 5Y*
- 16.58%
- 10Y*
- 9.64%
^GSPC
- 1D
- -0.99%
- 1M
- 0.52%
- YTD
- 11.12%
- 6M
- 10.53%
- 1Y
- 24.44%
- 3Y*
- 17.50%
- 5Y*
- 12.61%
- 10Y*
- 13.45%
^IBEX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^IBEX IBEX 35 Index | 12.91% | 49.27% | 14.78% | 22.76% | -5.56% | 7.93% | -15.45% | 11.82% | -14.97% | 7.40% |
^GSPC S&P 500 Index | 11.12% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between ^IBEX and ^GSPC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2007 | 0.37 |
The correlation between ^IBEX and ^GSPC shifts across timeframes, from 0.20 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^IBEX vs. ^GSPC — Risk / Return Rank
^IBEX
^GSPC
^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^IBEX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 3.24 | +0.97 |
| Martin ratioReturn relative to average drawdown | 14.27 | 12.01 | +2.26 |
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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 -51.62%. Use the drawdown chart below to compare losses from any high point for ^IBEX and ^GSPC.
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Drawdown Indicators
| ^IBEX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.65% | -51.62% | -11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -7.57% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -23.99% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.93% | -23.99% | +3.06% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | -33.42% | -11.74% |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -9.08% | -20.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.04% | +0.82% |
Volatility
^IBEX vs. ^GSPC - Volatility Comparison
IBEX 35 Index (^IBEX) and S&P 500 Index (^GSPC) have volatilities of 3.87% and 4.00%, 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
| ^IBEX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 4.00% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.50% | 9.20% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 12.62% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 16.86% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 18.62% | -0.58% |
Frequently Asked Questions
^IBEX and ^GSPC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (4.00%) compared to ^IBEX (3.87%). In terms of maximum drawdown, ^IBEX dropped -62.65% vs ^GSPC's -51.62%.
^IBEX currently has the higher Sharpe Ratio (2.53 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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