AIRE.L vs. ^GSPC

Last updated Jun 5, 2026

AIRE.L (Alternative Income REIT plc) is a stock, while ^GSPC (S&P 500 Index) is an index. At a correlation of -0.01, they often move in opposite directions.

Performance

AIRE.L vs. ^GSPC - Performance Comparison

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

Different Trading Currencies

AIRE.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, AIRE.L achieves a -4.12% return, which is significantly lower than ^GSPC's 11.24% return.

AIRE.L

• 1D: 1.04%
• 1M: -6.04%
• YTD: -4.12%
• 6M: 0.38%
• 1Y: -0.70%
• 3Y*: 8.28%
• 5Y*: 7.22%
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: 4.31%
• YTD: 11.24%
• 6M: 9.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIRE.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
AIRE.L Alternative Income REIT plc	-4.12%	3.99%
^GSPC S&P 500 Index	8.95%	14.53%

Correlation

The correlation between AIRE.L and ^GSPC is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	-0.01

Return for Risk

AIRE.L vs. ^GSPC — Risk / Return Rank

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

AIRE.L

AIRE.L Risk / Return Rank: 39
AIRE.L Sharpe Ratio Rank: 42
AIRE.L Sortino Ratio Rank: 35
AIRE.L Omega Ratio Rank: 36
AIRE.L Calmar Ratio Rank: 42
AIRE.L Martin Ratio Rank: 42

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.

AIRE.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alternative Income REIT plc (AIRE.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.

	AIRE.L	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.02	—	—
Sortino ratio: Return per unit of downside risk	0.21	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.04	—	—
Martin ratio: Return relative to average drawdown	0.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AIRE.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	2.42	-2.27

Drawdowns

AIRE.L vs. ^GSPC - Drawdown Comparison

The maximum AIRE.L drawdown since its inception was -51.14%, which is greater than ^GSPC's maximum drawdown of -8.03%. Use the drawdown chart below to compare losses from any high point for AIRE.L and ^GSPC.

Drawdown Indicators

	AIRE.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-51.14%	-8.03%	-43.11%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.64%	—	—
Current Drawdown Current decline from peak	-12.88%	0.00%	-12.88%
Average Drawdown Average peak-to-trough decline	-11.83%	-1.44%	-10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.97%	—	—

Volatility

Volatility by Period

	AIRE.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.10%	11.47%	+13.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	11.47%	+7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	11.47%	+8.17%

Frequently Asked Questions

Can I hold both AIRE.L and ^GSPC in my portfolio?

AIRE.L and ^GSPC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.