18MK.DE vs. ^GSPC
18MK.DE (Amundi MSCI India UCITS ETF EUR) is Asia Pacific Equities fund tracking the MSCI India, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 18MK.DE returned 7.01%/yr vs 13.56%/yr for ^GSPC. At a 0.39 correlation, their price movements are largely independent.
Performance
18MK.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
18MK.DE 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, 18MK.DE achieves a -6.34% return, which is significantly lower than ^GSPC's 11.08% return. Over the past 10 years, 18MK.DE has underperformed ^GSPC with an annualized return of 7.01%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
18MK.DE
- 1D
- -0.51%
- 1M
- 3.71%
- YTD
- -6.34%
- 6M
- -7.32%
- 1Y
- -10.22%
- 3Y*
- 3.85%
- 5Y*
- 4.65%
- 10Y*
- 7.01%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
18MK.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18MK.DE Amundi MSCI India UCITS ETF EUR | -6.34% | -10.32% | 16.35% | 14.11% | -2.28% | 33.62% | 2.72% | 9.58% | -4.91% | 20.20% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between 18MK.DE and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2009 | 0.39 |
The correlation between 18MK.DE and ^GSPC shifts across timeframes, from 0.29 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
18MK.DE vs. ^GSPC — Risk / Return Rank
18MK.DE
^GSPC
18MK.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI India UCITS ETF EUR (18MK.DE) 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.
| 18MK.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.35 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.17 | -3.68 |
| Martin ratioReturn relative to average drawdown | -1.08 | 11.71 | -12.79 |
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Drawdowns
18MK.DE vs. ^GSPC - Drawdown Comparison
The maximum 18MK.DE drawdown since its inception was -42.41%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for 18MK.DE and ^GSPC.
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Drawdown Indicators
| 18MK.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.41% | -51.62% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -19.67% | -7.57% | -12.10% |
Max Drawdown (3Y)Largest decline over 3 years | -29.72% | -23.99% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -23.99% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -33.42% | -8.14% |
Current DrawdownCurrent decline from peak | -22.36% | -1.08% | -21.28% |
Average DrawdownAverage peak-to-trough decline | -12.07% | -9.08% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 2.04% | +7.44% |
Volatility
18MK.DE vs. ^GSPC - Volatility Comparison
Amundi MSCI India UCITS ETF EUR (18MK.DE) has a higher volatility of 4.73% compared to S&P 500 Index (^GSPC) at 3.97%. This indicates that 18MK.DE'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.
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Volatility by Period
| 18MK.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 3.97% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 9.16% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 12.60% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.67% | 16.86% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 18.61% | +1.69% |
Frequently Asked Questions
18MK.DE and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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