AENA.MC vs. ^IBEX

Last updated Jun 30, 2026

AENA.MC (Aena SA) is a stock, while ^IBEX (IBEX 35 Index) is an index. Over the past 10 years, AENA.MC returned 44.48%/yr vs 8.89%/yr for ^IBEX. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

AENA.MC vs. ^IBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Aena SA (AENA.MC) and IBEX 35 Index (^IBEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AENA.MC achieves a 19.73% return, which is significantly higher than ^IBEX's 12.02% return. Over the past 10 years, AENA.MC has outperformed ^IBEX with an annualized return of 44.48%, while ^IBEX has yielded a comparatively lower 8.89% annualized return.

AENA.MC

• 1D: 0.07%
• 1M: 9.72%
• YTD: 19.73%
• 6M: 19.63%
• 1Y: 26.75%
• 3Y*: 82.33%
• 5Y*: 56.57%
• 10Y*: 44.48%

^IBEX

• 1D: -0.20%
• 1M: 5.58%
• YTD: 12.02%
• 6M: 12.74%
• 1Y: 38.79%
• 3Y*: 26.43%
• 5Y*: 17.06%
• 10Y*: 8.89%

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

AENA.MC vs. ^IBEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AENA.MC Aena SA	19.73%	118.49%	108.98%	102.94%	-15.49%	-2.39%	-16.60%	117.43%	28.32%	70.64%
^IBEX IBEX 35 Index	12.02%	49.27%	14.78%	22.76%	-5.56%	7.93%	-15.45%	11.82%	-14.97%	7.40%

Correlation

The correlation between AENA.MC and ^IBEX 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	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 11, 2015	0.54

The correlation between AENA.MC and ^IBEX has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.

Return for Risk

AENA.MC vs. ^IBEX — Risk / Return Rank

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

AENA.MC

AENA.MC Risk / Return Rank: 73
AENA.MC Sharpe Ratio Rank: 78
AENA.MC Sortino Ratio Rank: 72
AENA.MC Omega Ratio Rank: 72
AENA.MC Calmar Ratio Rank: 71
AENA.MC Martin Ratio Rank: 70

^IBEX

^IBEX Risk / Return Rank: 90
^IBEX Sharpe Ratio Rank: 89
^IBEX Sortino Ratio Rank: 90
^IBEX Omega Ratio Rank: 91
^IBEX Calmar Ratio Rank: 92
^IBEX Martin Ratio Rank: 89

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.

AENA.MC vs. ^IBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aena SA (AENA.MC) and IBEX 35 Index (^IBEX). 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.

	AENA.MC	^IBEX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.40	-1.21
Sortino ratio: Return per unit of downside risk	1.69	3.30	-1.60
Omega ratio: Gain probability vs. loss probability	1.22	1.43	-0.22
Calmar ratio: Return relative to maximum drawdown	1.51	3.97	-2.46
Martin ratio: Return relative to average drawdown	3.14	13.45	-10.31

AENA.MC vs. ^IBEX - Sharpe Ratio Comparison

The current AENA.MC Sharpe Ratio is 1.19, which is lower than the ^IBEX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of AENA.MC and ^IBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AENA.MC vs. ^IBEX - Drawdown Comparison

The maximum AENA.MC drawdown since its inception was -48.40%, smaller than the maximum ^IBEX drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for AENA.MC and ^IBEX.

Drawdown Indicators

	AENA.MC	^IBEX	Difference
Max Drawdown Largest peak-to-trough decline	-48.40%	-62.65%	+14.25%
Max Drawdown (1Y) Largest decline over 1 year	-17.46%	-9.64%	-7.82%
Max Drawdown (3Y) Largest decline over 3 years	-17.46%	-12.60%	-4.86%
Max Drawdown (5Y) Largest decline over 5 years	-33.29%	-20.93%	-12.36%
Max Drawdown (10Y) Largest decline over 10 years	-48.40%	-45.16%	-3.24%
Current Drawdown Current decline from peak	-1.01%	-0.79%	-0.22%
Average Drawdown Average peak-to-trough decline	-11.51%	-29.25%	+17.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.46%	2.86%	+5.60%

Volatility

AENA.MC vs. ^IBEX - Volatility Comparison

Aena SA (AENA.MC) has a higher volatility of 6.41% compared to IBEX 35 Index (^IBEX) at 3.91%. This indicates that AENA.MC's price experiences larger fluctuations and is considered to be riskier than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AENA.MC	^IBEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	3.91%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	17.44%	13.54%	+3.90%
Volatility (1Y) Calculated over the trailing 1-year period	22.18%	15.94%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.07%	16.36%	+36.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.54%	17.98%	+33.56%

Frequently Asked Questions

Can I hold both AENA.MC and ^IBEX in my portfolio?

AENA.MC and ^IBEX 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.