AAS.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Abrdn Asia Focus plc (AAS.L) and S&P 500 Index (^GSPC).

Performance

AAS.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Abrdn Asia Focus plc (AAS.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

AAS.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAS.L Abrdn Asia Focus plc	4.81%	26.73%	12.51%	5.98%	-10.06%	28.05%	10.63%	8.11%	-2.48%	13.19%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

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 4.81% return, which is significantly higher than ^GSPC's -2.36% return. Over the past 10 years, AAS.L has underperformed ^GSPC with an annualized return of 11.56%, while ^GSPC has yielded a comparatively higher 13.04% annualized return.

AAS.L

• 1D: 2.70%
• 1M: -8.21%
• YTD: 4.81%
• 6M: 6.15%
• 1Y: 33.00%
• 3Y*: 16.78%
• 5Y*: 10.98%
• 10Y*: 11.56%

^GSPC

• 1D: 0.49%
• 1M: -3.37%
• YTD: -2.36%
• 6M: -0.37%
• 1Y: 13.80%
• 3Y*: 14.19%
• 5Y*: 11.28%
• 10Y*: 13.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AAS.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAS.L

AAS.L Risk / Return Rank: 86
AAS.L Sharpe Ratio Rank: 89
AAS.L Sortino Ratio Rank: 85
AAS.L Omega Ratio Rank: 86
AAS.L Calmar Ratio Rank: 82
AAS.L Martin Ratio Rank: 87

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.88	0.74	+1.14
Sortino ratio Return per unit of downside risk	2.44	1.15	+1.29
Omega ratio Gain probability vs. loss probability	1.35	1.18	+0.17
Calmar ratio Return relative to maximum drawdown	2.61	1.22	+1.39
Martin ratio Return relative to average drawdown	9.34	4.79	+4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAS.L vs. ^GSPC - Sharpe Ratio Comparison

The current AAS.L Sharpe Ratio is 1.88, which is higher than the ^GSPC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of AAS.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAS.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	0.74	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.71	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.72	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.55	-0.05

Correlation

The correlation between AAS.L and ^GSPC is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 -37.67%. Use the drawdown chart below to compare losses from any high point for AAS.L and ^GSPC.

Drawdown Indicators

	AAS.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-72.60%	-56.78%	-15.82%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-12.14%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.59%	-25.43%	+2.84%
Max Drawdown (10Y) Largest decline over 10 years	-36.07%	-33.92%	-2.15%
Current Drawdown Current decline from peak	-10.38%	-5.78%	-4.60%
Average Drawdown Average peak-to-trough decline	-10.74%	-10.75%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.60%	+1.03%

Volatility

AAS.L vs. ^GSPC - Volatility Comparison

Abrdn Asia Focus plc (AAS.L) has a higher volatility of 7.65% compared to S&P 500 Index (^GSPC) at 4.58%. 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.

Volatility by Period

	AAS.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	4.58%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	9.50%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	18.75%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	15.90%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	18.17%	+0.16%