ERNXY vs. SPY
ERNXY (Euronext N.V) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, ERNXY returned 12.37%/yr vs 13.15%/yr for SPY. At a 0.09 correlation, their price movements are largely independent.
Performance
ERNXY vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, ERNXY achieves a 15.70% return, which is significantly higher than SPY's 11.30% return.
ERNXY
- 1D
- 5.14%
- 1M
- -6.65%
- 6M
- 22.18%
- YTD
- 15.70%
- 1Y
- -0.19%
- 3Y*
- 37.68%
- 5Y*
- 12.37%
- 10Y*
- —
SPY
- 1D
- 0.43%
- 1M
- 2.04%
- 6M
- 9.35%
- YTD
- 11.30%
- 1Y
- 22.40%
- 3Y*
- 20.99%
- 5Y*
- 13.15%
- 10Y*
- 15.22%
ERNXY vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ERNXY Euronext N.V | 15.70% | 41.92% | 33.28% | 15.25% | -15.99% | -10.67% |
SPY State Street SPDR S&P 500 ETF | 11.30% | 17.72% | 24.89% | 26.18% | -18.18% | 21.15% |
Correlation
The correlation between ERNXY and SPY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021 | 0.09 |
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Return for Risk
ERNXY vs. SPY — Risk / Return Rank
ERNXY
SPY
ERNXY vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euronext N.V (ERNXY) and State Street SPDR S&P 500 ETF (SPY). 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.
| ERNXY | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.48 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.01 | 10.83 | -10.84 |
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Drawdowns
ERNXY vs. SPY - Drawdown Comparison
The maximum ERNXY drawdown since its inception was -45.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ERNXY and SPY.
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Drawdown Indicators
| ERNXY | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -55.19% | +9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -29.19% | -8.88% | -20.31% |
Max Drawdown (3Y)Largest decline over 3 years | -29.19% | -18.76% | -10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -45.40% | -24.50% | -20.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -21.37% | -0.35% | -21.02% |
Average DrawdownAverage peak-to-trough decline | -13.59% | -9.03% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.64% | 2.03% | +13.61% |
Volatility
ERNXY vs. SPY - Volatility Comparison
Euronext N.V (ERNXY) has a higher volatility of 19.68% compared to State Street SPDR S&P 500 ETF (SPY) at 4.52%. This indicates that ERNXY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNXY | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.68% | 4.52% | +15.16% |
Volatility (6M)Calculated over the trailing 6-month period | 49.85% | 9.98% | +39.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.23% | 12.55% | +42.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.31% | 17.16% | +32.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.01% | 17.92% | +30.09% |
Dividends
ERNXY vs. SPY - Dividend Comparison
ERNXY's dividend yield for the trailing twelve months is around 2.18%, more than SPY's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNXY Euronext N.V | 2.18% | 2.17% | 1.90% | 2.91% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
ERNXY and SPY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERNXY has higher volatility (19.68%) compared to SPY (4.52%). In terms of maximum drawdown, ERNXY dropped -45.40% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.76 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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