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. Over the past 10 years, 540J.DE returned 9.92%/yr vs 13.56%/yr for ^GSPC. At a 0.40 correlation, their price movements are largely independent.
Performance
540J.DE vs. ^GSPC - Performance Comparison
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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 10.20% return, which is significantly lower than ^GSPC's 11.08% return. Over the past 10 years, 540J.DE has underperformed ^GSPC with an annualized return of 9.92%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
540J.DE
- 1D
- 0.64%
- 1M
- 4.24%
- YTD
- 10.20%
- 6M
- 10.20%
- 1Y
- 23.68%
- 3Y*
- 12.11%
- 5Y*
- 8.21%
- 10Y*
- 9.92%
^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%
540J.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.20% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 1.20% | 35.11% | -4.78% | 7.45% |
^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 540J.DE and ^GSPC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.40 |
The correlation between 540J.DE and ^GSPC shifts across timeframes, from 0.27 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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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.
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.
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.17 | -1.20 |
| Martin ratioReturn relative to average drawdown | 6.92 | 11.71 | -4.79 |
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Drawdowns
540J.DE vs. ^GSPC - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -26.00%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for 540J.DE and ^GSPC.
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Drawdown Indicators
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -51.62% | +25.62% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -7.57% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -23.99% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -23.99% | +6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -26.00% | -33.42% | +7.42% |
Current DrawdownCurrent decline from peak | 0.00% | -1.08% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -9.08% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.04% | +1.37% |
Volatility
540J.DE vs. ^GSPC - Volatility Comparison
Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) has a higher volatility of 4.55% compared to S&P 500 Index (^GSPC) at 3.97%. This indicates that 540J.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
| 540J.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 3.97% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 9.16% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 12.60% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 16.86% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 18.61% | -4.55% |
Frequently Asked Questions
540J.DE and ^GSPC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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