DB1.DE vs. ^GSPC

Last updated Apr 4, 2026

Compare and contrast key facts about Deutsche Börse AG (DB1.DE) and S&P 500 Index (^GSPC).

Performance

DB1.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deutsche Börse AG (DB1.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DB1.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DB1.DE achieves a 14.26% return, which is significantly higher than ^GSPC's -2.14% return. Over the past 10 years, DB1.DE has outperformed ^GSPC with an annualized return of 15.62%, while ^GSPC has yielded a comparatively lower 12.14% annualized return.

DB1.DE

• 1D: 1.91%
• 1M: 5.71%
• YTD: 14.26%
• 6M: 12.80%
• 1Y: -0.35%
• 3Y*: 15.40%
• 5Y*: 14.51%
• 10Y*: 15.62%

^GSPC

• 1D: 0.52%
• 1M: -3.08%
• YTD: -2.14%
• 6M: -0.28%
• 1Y: 23.19%
• 3Y*: 14.66%
• 5Y*: 10.81%
• 10Y*: 12.14%

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

DB1.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DB1.DE Deutsche Börse AG	14.26%	2.03%	21.82%	18.03%	11.90%	7.98%	1.28%	36.60%	10.78%	29.96%
^GSPC S&P 500 Index	-2.14%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Correlation

The correlation between DB1.DE and ^GSPC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

Return for Risk

DB1.DE vs. ^GSPC — Risk / Return Rank

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

DB1.DE

DB1.DE Risk / Return Rank: 28
DB1.DE Sharpe Ratio Rank: 28
DB1.DE Sortino Ratio Rank: 24
DB1.DE Omega Ratio Rank: 25
DB1.DE Calmar Ratio Rank: 31
DB1.DE Martin Ratio Rank: 32

^GSPC

^GSPC Risk / Return Rank: 62
^GSPC Sharpe Ratio Rank: 59
^GSPC Sortino Ratio Rank: 61
^GSPC Omega Ratio Rank: 64
^GSPC Calmar Ratio Rank: 54
^GSPC Martin Ratio Rank: 71

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.

DB1.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Börse AG (DB1.DE) 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.

	DB1.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.26	0.43	-0.69
Sortino ratio Return per unit of downside risk	-0.19	0.73	-0.92
Omega ratio Gain probability vs. loss probability	0.98	1.12	-0.14
Calmar ratio Return relative to maximum drawdown	-0.25	0.64	-0.90
Martin ratio Return relative to average drawdown	-0.42	2.67	-3.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DB1.DE vs. ^GSPC - Sharpe Ratio Comparison

The current DB1.DE Sharpe Ratio is -0.26, which is lower than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of DB1.DE 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.

Sharpe Ratios by Period

	DB1.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	0.43	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.65	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.65	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.45	+0.03

Drawdowns

DB1.DE vs. ^GSPC - Drawdown Comparison

The maximum DB1.DE drawdown since its inception was -76.94%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for DB1.DE and ^GSPC.

Drawdown Indicators

	DB1.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-76.94%	-56.78%	-20.16%
Max Drawdown (1Y) Largest decline over 1 year	-29.61%	-9.10%	-20.51%
Max Drawdown (5Y) Largest decline over 5 years	-29.61%	-25.43%	-4.18%
Max Drawdown (10Y) Largest decline over 10 years	-36.97%	-33.92%	-3.05%
Current Drawdown Current decline from peak	-11.51%	-5.67%	-5.84%
Average Drawdown Average peak-to-trough decline	-22.10%	-10.75%	-11.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.01%	2.62%	+15.39%

Volatility

DB1.DE vs. ^GSPC - Volatility Comparison

Deutsche Börse AG (DB1.DE) has a higher volatility of 6.32% compared to S&P 500 Index (^GSPC) at 4.38%. This indicates that DB1.DE'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

	DB1.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	4.38%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	17.92%	9.93%	+7.99%
Volatility (1Y) Calculated over the trailing 1-year period	24.59%	20.68%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	16.80%	+2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.85%	18.63%	+3.22%