DB1.DE vs. ^GSPC
DB1.DE (Deutsche Börse AG) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, DB1.DE returned 14.86%/yr vs 13.19%/yr for ^GSPC. At a 0.26 correlation, their price movements are largely independent.
Performance
DB1.DE vs. ^GSPC - Performance Comparison
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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 8.43% return, which is significantly lower than ^GSPC's 11.90% return. Over the past 10 years, DB1.DE has outperformed ^GSPC with an annualized return of 14.86%, while ^GSPC has yielded a comparatively lower 13.19% annualized return.
DB1.DE
- 1D
- 0.04%
- 1M
- -3.72%
- YTD
- 8.43%
- 6M
- 8.19%
- 1Y
- -12.56%
- 3Y*
- 14.12%
- 5Y*
- 12.21%
- 10Y*
- 14.86%
^GSPC
- 1D
- 0.94%
- 1M
- 0.26%
- YTD
- 11.90%
- 6M
- 11.17%
- 1Y
- 23.75%
- 3Y*
- 16.92%
- 5Y*
- 12.47%
- 10Y*
- 13.19%
DB1.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DB1.DE Deutsche Börse AG | 8.43% | 2.03% | 21.82% | 18.03% | 11.90% | 7.98% | 1.28% | 36.60% | 10.78% | 29.96% |
^GSPC S&P 500 Index | 11.90% | 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 0.01, 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2007 | 0.26 |
Over the past year, the correlation between DB1.DE and ^GSPC has dropped to 0.01 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
DB1.DE vs. ^GSPC — Risk / Return Rank
DB1.DE
^GSPC
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.
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.
| DB1.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.35 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 3.15 | -3.62 |
| Martin ratioReturn relative to average drawdown | -0.80 | 11.65 | -12.45 |
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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 -51.62%. Use the drawdown chart below to compare losses from any high point for DB1.DE and ^GSPC.
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Drawdown Indicators
| DB1.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.94% | -51.62% | -25.32% |
Max Drawdown (1Y)Largest decline over 1 year | -26.58% | -7.57% | -19.01% |
Max Drawdown (3Y)Largest decline over 3 years | -29.61% | -23.99% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.61% | -23.99% | -5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.97% | -33.42% | -3.55% |
Current DrawdownCurrent decline from peak | -16.02% | -0.35% | -15.67% |
Average DrawdownAverage peak-to-trough decline | -26.29% | -9.08% | -17.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.21% | 2.04% | +13.17% |
Volatility
DB1.DE vs. ^GSPC - Volatility Comparison
Deutsche Börse AG (DB1.DE) has a higher volatility of 4.64% compared to S&P 500 Index (^GSPC) at 4.07%. 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.
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Volatility by Period
| DB1.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.07% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.69% | 9.20% | +7.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 12.64% | +9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.78% | 16.86% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 18.61% | +2.79% |
Frequently Asked Questions
DB1.DE 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.
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