DUKE.L vs. GSPX.L
DUKE.L (Duke Royalty Ltd) is a stock, while GSPX.L (iShares Core S&P 500 UCITS ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, DUKE.L returned 1.34%/yr vs 11.62%/yr for GSPX.L. At a 0.12 correlation, their price movements are largely independent.
Performance
DUKE.L vs. GSPX.L - Performance Comparison
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Different Trading Currencies
DUKE.L is traded in GBp, while GSPX.L is traded in GBP. To make them comparable, the GSPX.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DUKE.L achieves a 4.50% return, which is significantly lower than GSPX.L's 8.68% return.
DUKE.L
- 1D
- 0.00%
- 1M
- 1.71%
- 6M
- 5.47%
- YTD
- 4.50%
- 1Y
- -2.83%
- 3Y*
- 1.19%
- 5Y*
- 1.34%
- 10Y*
- 1.65%
- ALL TIME*
- -18.16%
GSPX.L
- 1D
- 0.08%
- 1M
- -0.16%
- 6M
- 8.96%
- YTD
- 8.68%
- 1Y
- 19.16%
- 3Y*
- 18.65%
- 5Y*
- 11.62%
- 10Y*
- —
- ALL TIME*
- 13.40%
DUKE.L vs. GSPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DUKE.L Duke Royalty Ltd | 4.50% | -2.75% | 0.63% | 5.76% | -13.32% | 48.18% | -31.09% | 22.80% | 0.36% |
GSPX.L iShares Core S&P 500 UCITS ETF | 8.68% | 17.16% | 24.72% | 24.87% | -20.64% | 28.96% | 15.11% | 27.76% | -7.71% |
Correlation
The correlation between DUKE.L and GSPX.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.12 |
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Return for Risk
DUKE.L vs. GSPX.L — Risk / Return Rank
DUKE.L
GSPX.L
DUKE.L vs. GSPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Duke Royalty Ltd (DUKE.L) and iShares Core S&P 500 UCITS ETF (GSPX.L). 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.
| DUKE.L | GSPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.28 | -2.48 |
| Martin ratioReturn relative to average drawdown | -0.34 | 9.30 | -9.63 |
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Drawdowns
DUKE.L vs. GSPX.L - Drawdown Comparison
The maximum DUKE.L drawdown since its inception was -98.28%, which is greater than GSPX.L's maximum drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for DUKE.L and GSPX.L.
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Drawdown Indicators
| DUKE.L | GSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -34.98% | -63.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -8.37% | -5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.46% | -18.97% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -25.80% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -64.54% | — | — |
Current DrawdownCurrent decline from peak | -95.39% | -1.72% | -93.67% |
Average DrawdownAverage peak-to-trough decline | -89.99% | -5.55% | -84.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 2.06% | +4.56% |
Volatility
DUKE.L vs. GSPX.L - Volatility Comparison
Duke Royalty Ltd (DUKE.L) has a higher volatility of 6.77% compared to iShares Core S&P 500 UCITS ETF (GSPX.L) at 3.09%. This indicates that DUKE.L's price experiences larger fluctuations and is considered to be riskier than GSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUKE.L | GSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 3.09% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 9.26% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 12.03% | +8.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.73% | 16.12% | +9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.32% | 17.61% | +13.71% |
Dividends
DUKE.L vs. GSPX.L - Dividend Comparison
DUKE.L's dividend yield for the trailing twelve months is around 10.47%, more than GSPX.L's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DUKE.L Duke Royalty Ltd | 10.47% | 10.37% | 9.15% | 8.42% | 8.18% | 5.26% | 4.00% | 6.00% | 6.43% | 4.01% |
GSPX.L iShares Core S&P 500 UCITS ETF | 0.81% | 0.89% | 0.99% | 1.15% | 1.40% | 0.96% | 1.31% | 1.50% | 0.11% | 0.00% |
Frequently Asked Questions
DUKE.L and GSPX.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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