AAS.L vs. ^GSPC
AAS.L (Abrdn Asia Focus plc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, AAS.L returned 12.79%/yr vs 14.50%/yr for ^GSPC. At a 0.19 correlation, their price movements are largely independent.
Performance
AAS.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
AAS.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAS.L achieves a 21.25% return, which is significantly higher than ^GSPC's 11.24% return. Over the past 10 years, AAS.L has underperformed ^GSPC with an annualized return of 12.79%, while ^GSPC has yielded a comparatively higher 14.50% annualized return.
AAS.L
- 1D
- -0.45%
- 1M
- -1.87%
- YTD
- 21.25%
- 6M
- 22.60%
- 1Y
- 45.55%
- 3Y*
- 22.17%
- 5Y*
- 14.08%
- 10Y*
- 12.79%
^GSPC
- 1D
- 0.41%
- 1M
- 5.44%
- YTD
- 11.24%
- 6M
- 9.84%
- 1Y
- 28.25%
- 3Y*
- 18.03%
- 5Y*
- 13.60%
- 10Y*
- 14.50%
AAS.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAS.L Abrdn Asia Focus plc | 21.25% | 26.73% | 12.51% | 5.98% | -10.06% | 28.05% | 10.63% | 8.11% | -2.48% | 13.19% |
^GSPC S&P 500 Index | 11.24% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between AAS.L and ^GSPC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007 | 0.19 |
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Return for Risk
AAS.L vs. ^GSPC — Risk / Return Rank
AAS.L
^GSPC
AAS.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abrdn Asia Focus plc (AAS.L) 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.
| AAS.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.53 | -0.04 |
| Martin ratioReturn relative to average drawdown | 11.92 | 13.19 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAS.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.46 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.86 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.80 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.58 | -0.07 |
Drawdowns
AAS.L vs. ^GSPC - Drawdown Comparison
The maximum AAS.L drawdown since its inception was -72.60%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for AAS.L and ^GSPC.
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Drawdown Indicators
| AAS.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.60% | -37.07% | -35.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -8.03% | -4.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -22.15% | +7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.59% | -22.15% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -26.01% | -10.06% |
Current DrawdownCurrent decline from peak | -4.01% | 0.00% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -5.32% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.15% | +1.66% |
Volatility
AAS.L vs. ^GSPC - Volatility Comparison
Abrdn Asia Focus plc (AAS.L) has a higher volatility of 6.09% compared to S&P 500 Index (^GSPC) at 2.60%. This indicates that AAS.L'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
| AAS.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 2.60% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.67% | 8.20% | +7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 11.52% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 15.85% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 18.15% | +0.40% |
Frequently Asked Questions
AAS.L and ^GSPC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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