AIRE.L vs. ^GSPC

Last updated Jul 21, 2026

AIRE.L (Alternative Income REIT plc) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, AIRE.L returned 8.27%/yr vs 11.76%/yr for ^GSPC. At a 0.04 correlation, their price movements are largely independent.

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 -0.74% return, which is significantly lower than ^GSPC's 9.05% return.

AIRE.L

• 1D: 0.28%
• 1M: 3.23%
• 6M: -3.75%
• YTD: -0.74%
• 1Y: 2.11%
• 3Y*: 13.42%
• 5Y*: 8.27%
• 10Y*: —
• ALL TIME*: 2.61%

^GSPC

• 1D: -0.04%
• 1M: -2.42%
• 6M: 6.80%
• YTD: 9.05%
• 1Y: 18.10%
• 3Y*: 16.23%
• 5Y*: 11.76%
• 10Y*: 12.82%
• ALL TIME*: 11.35%

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

AIRE.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIRE.L Alternative Income REIT plc	-0.74%	13.51%	7.73%	17.62%	-0.92%	29.58%	-11.21%	-13.08%	-11.25%	0.74%
^GSPC S&P 500 Index	9.05%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	4.78%

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 (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017	0.04

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: 46
AIRE.L Sharpe Ratio Rank: 49
AIRE.L Sortino Ratio Rank: 42
AIRE.L Omega Ratio Rank: 42
AIRE.L Calmar Ratio Rank: 50
AIRE.L Martin Ratio Rank: 49

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 65
^GSPC Sortino Ratio Rank: 63
^GSPC Omega Ratio Rank: 67
^GSPC Calmar Ratio Rank: 61
^GSPC Martin Ratio Rank: 79

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.

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.

	AIRE.L	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.51	-1.43
Sortino ratio: Return per unit of downside risk	0.30	2.03	-1.74
Omega ratio: Gain probability vs. loss probability	1.04	1.28	-0.24
Calmar ratio: Return relative to maximum drawdown	0.15	2.26	-2.11
Martin ratio: Return relative to average drawdown	0.31	8.20	-7.89

AIRE.L vs. ^GSPC - Sharpe Ratio Comparison

The current AIRE.L Sharpe Ratio is 0.08, which is lower than the ^GSPC Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of AIRE.L and ^GSPC, 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

AIRE.L vs. ^GSPC - Drawdown Comparison

The maximum AIRE.L drawdown since its inception was -53.49%, which is greater than ^GSPC's maximum drawdown of -37.07%. 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	-53.49%	-37.07%	-16.42%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-8.03%	-5.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-22.15%	+7.85%
Max Drawdown (5Y) Largest decline over 5 years	-28.64%	-22.15%	-6.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.01%	—
Current Drawdown Current decline from peak	-9.81%	-2.42%	-7.39%
Average Drawdown Average peak-to-trough decline	-13.35%	-5.29%	-8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	2.21%	+4.62%

Volatility

AIRE.L vs. ^GSPC - Volatility Comparison

Alternative Income REIT plc (AIRE.L) has a higher volatility of 7.25% compared to S&P 500 Index (^GSPC) at 3.01%. This indicates that AIRE.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

	AIRE.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	3.01%	+4.24%
Volatility (6M) Calculated over the trailing 6-month period	21.84%	8.99%	+12.85%
Volatility (1Y) Calculated over the trailing 1-year period	26.47%	12.08%	+14.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	15.94%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	18.05%	+1.68%

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.