APEX.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) and S&P 500 Index (^GSPC).

APEX.L is a passively managed fund by Amundi that tracks the performance of the MSCI AC Asia Ex Japan NR USD. It was launched on Feb 21, 2019.

Performance

APEX.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

APEX.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
APEX.L Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc	4.12%	32.38%	11.51%	4.94%	-18.85%	-3.67%	0.79%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	2.98%

Returns By Period

In the year-to-date period, APEX.L achieves a 4.12% return, which is significantly higher than ^GSPC's -3.95% return.

APEX.L

• 1D: 4.23%
• 1M: -6.56%
• YTD: 4.12%
• 6M: 7.40%
• 1Y: 33.65%
• 3Y*: 15.67%
• 5Y*: 3.25%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

APEX.L vs. ^GSPC — Risk / Return Rank

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

APEX.L

APEX.L Risk / Return Rank: 81
APEX.L Sharpe Ratio Rank: 83
APEX.L Sortino Ratio Rank: 83
APEX.L Omega Ratio Rank: 78
APEX.L Calmar Ratio Rank: 82
APEX.L Martin Ratio Rank: 80

^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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.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.

	APEX.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.70	0.92	+0.79
Sortino ratio Return per unit of downside risk	2.28	1.41	+0.86
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.10
Calmar ratio Return relative to maximum drawdown	2.60	1.41	+1.19
Martin ratio Return relative to average drawdown	9.47	6.61	+2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APEX.L vs. ^GSPC - Sharpe Ratio Comparison

The current APEX.L Sharpe Ratio is 1.70, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of APEX.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

	APEX.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	0.92	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.61	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.46	-0.15

Correlation

The correlation between APEX.L and ^GSPC is 0.31, 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

APEX.L vs. ^GSPC - Drawdown Comparison

The maximum APEX.L drawdown since its inception was -43.98%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for APEX.L and ^GSPC.

Drawdown Indicators

	APEX.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-43.98%	-56.78%	+12.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.87%	-12.14%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-39.73%	-25.43%	-14.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-9.17%	-5.78%	-3.39%
Average Drawdown Average peak-to-trough decline	-21.96%	-10.75%	-11.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	2.60%	+0.93%

Volatility

APEX.L vs. ^GSPC - Volatility Comparison

Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) has a higher volatility of 8.00% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that APEX.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

	APEX.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	5.37%	+2.63%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	9.55%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	19.68%	18.33%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.54%	16.90%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	18.05%	+2.19%