APEX.L vs. ^GSPC
APEX.L (Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc) is Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, APEX.L returned 8.31%/yr vs 12.30%/yr for ^GSPC. At a 0.32 correlation, their price movements are largely independent.
Performance
APEX.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, APEX.L achieves a 30.37% return, which is significantly higher than ^GSPC's 10.35% return.
APEX.L
- 1D
- -1.10%
- 1M
- 10.48%
- YTD
- 30.37%
- 6M
- 33.80%
- 1Y
- 59.06%
- 3Y*
- 25.18%
- 5Y*
- 8.31%
- 10Y*
- —
^GSPC
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
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 | 30.37% | 32.38% | 11.51% | 4.94% | -18.85% | -3.67% | 0.79% |
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 2.98% |
Correlation
The correlation between APEX.L and ^GSPC is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2020 | 0.32 |
Over the past year, APEX.L and ^GSPC have become more correlated (0.56) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
APEX.L vs. ^GSPC — Risk / Return Rank
APEX.L
^GSPC
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 ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.41 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 2.93 | +1.64 |
| Martin ratioReturn relative to average drawdown | 16.66 | 13.52 | +3.14 |
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
| APEX.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | 2.24 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.73 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.47 | +0.10 |
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.
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Drawdown Indicators
| APEX.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.98% | -56.78% | +12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -9.10% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -18.90% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -39.58% | -25.43% | -14.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.74% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -21.18% | -10.72% | -10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 1.97% | +1.56% |
Volatility
APEX.L vs. ^GSPC - Volatility Comparison
Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) has a higher volatility of 8.24% compared to S&P 500 Index (^GSPC) at 2.93%. 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.
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Volatility by Period
| APEX.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 2.93% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 8.99% | +7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 11.89% | +7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 16.90% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.68% | 18.06% | +2.62% |
Frequently Asked Questions
APEX.L and ^GSPC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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