AE50.DE vs. ^GSPC
AE50.DE (Amundi ETF STOXX Europe 50 UCITS ETF EUR) is Europe Equities fund tracking the STOXX® Europe 50, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, AE50.DE returned 9.32%/yr vs 13.40%/yr for ^GSPC. At a 0.48 correlation, their price movements are largely independent.
Performance
AE50.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
AE50.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, AE50.DE achieves a 7.47% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, AE50.DE has underperformed ^GSPC with an annualized return of 9.32%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
AE50.DE
- 1D
- 0.82%
- 1M
- 3.36%
- YTD
- 7.47%
- 6M
- 9.70%
- 1Y
- 16.71%
- 3Y*
- 12.27%
- 5Y*
- 11.33%
- 10Y*
- 9.32%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
AE50.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 7.47% | 18.08% | 7.63% | 14.90% | -1.62% | 26.03% | -6.38% | 28.61% | -10.46% | 9.34% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between AE50.DE and ^GSPC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2014 | 0.48 |
The correlation between AE50.DE and ^GSPC shifts across timeframes, from 0.36 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AE50.DE vs. ^GSPC — Risk / Return Rank
AE50.DE
^GSPC
AE50.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.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.
| AE50.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.30 | -1.56 |
| Martin ratioReturn relative to average drawdown | 6.15 | 12.34 | -6.19 |
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
| AE50.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.04 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.80 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.72 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.51 | -0.02 |
Drawdowns
AE50.DE vs. ^GSPC - Drawdown Comparison
The maximum AE50.DE drawdown since its inception was -32.20%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for AE50.DE and ^GSPC.
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Drawdown Indicators
| AE50.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.20% | -51.62% | +19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -7.57% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -23.99% | +6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -23.99% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -32.20% | -33.42% | +1.22% |
Current DrawdownCurrent decline from peak | -1.65% | -0.20% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -9.08% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.02% | +0.69% |
Volatility
AE50.DE vs. ^GSPC - Volatility Comparison
Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) has a higher volatility of 4.34% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that AE50.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
| AE50.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.24% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 8.62% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 12.29% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 16.79% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 18.59% | -3.48% |
Frequently Asked Questions
AE50.DE and ^GSPC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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