540J.DE vs. ^GSPC
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) is Europe Equities fund tracking the MSCI Switzerland, while ^GSPC (S&P 500 Index) is an index. At a 0.29 correlation, their price movements are largely independent.
Performance
540J.DE vs. ^GSPC - Performance Comparison
Loading charts...
Different Trading Currencies
540J.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, 540J.DE achieves a 4.11% return, which is significantly lower than ^GSPC's 12.06% return.
540J.DE
- 1D
- 1.16%
- 1M
- 2.20%
- YTD
- 4.11%
- 6M
- 7.55%
- 1Y
- 12.72%
- 3Y*
- 8.94%
- 5Y*
- 7.71%
- 10Y*
- 8.74%
^GSPC
- 1D
- 0.00%
- 1M
- 4.16%
- YTD
- 12.06%
- 6M
- 10.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
540J.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 4.11% | 7.93% |
^GSPC S&P 500 Index | 9.98% | 10.65% |
Correlation
The correlation between 540J.DE and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
540J.DE vs. ^GSPC — Risk / Return Rank
540J.DE
^GSPC
540J.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Switzerland UCITS ETF EUR (540J.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.
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | — | — |
| Martin ratioReturn relative to average drawdown | 3.60 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.98 | -1.35 |
Drawdowns
540J.DE vs. ^GSPC - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -25.99%, which is greater than ^GSPC's maximum drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for 540J.DE and ^GSPC.
Loading charts...
Drawdown Indicators
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -7.57% | -18.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.99% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | -0.20% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -1.39% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | — | — |
Volatility
540J.DE vs. ^GSPC - Volatility Comparison
Loading charts...
Volatility by Period
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 12.22% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 12.22% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 12.22% | +1.81% |
Frequently Asked Questions
540J.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.
Find the right allocation for 540J.DE and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer