EUMD.L vs. ^GSPC
EUMD.L (iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc)) is Europe Equities fund tracking the MSCI Europe SMID NR EUR, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, EUMD.L returned 7.59%/yr vs 13.43%/yr for ^GSPC. At a 0.41 correlation, their price movements are largely independent.
Performance
EUMD.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
EUMD.L 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, EUMD.L achieves a 8.46% return, which is significantly lower than ^GSPC's 12.06% return.
EUMD.L
- 1D
- 0.88%
- 1M
- 1.78%
- YTD
- 8.46%
- 6M
- 10.56%
- 1Y
- 16.06%
- 3Y*
- 15.37%
- 5Y*
- 7.59%
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
EUMD.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUMD.L iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) | 8.46% | 22.51% | 9.04% | 14.18% | -18.40% | 21.41% | 3.99% | 30.14% | -13.14% | 2.76% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.56% |
Correlation
The correlation between EUMD.L and ^GSPC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 23, 2017 | 0.41 |
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Return for Risk
EUMD.L vs. ^GSPC — Risk / Return Rank
EUMD.L
^GSPC
EUMD.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) (EUMD.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.
| EUMD.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.30 | -1.41 |
| Martin ratioReturn relative to average drawdown | 7.18 | 12.34 | -5.16 |
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
| EUMD.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.04 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.80 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.51 | -0.03 |
Drawdowns
EUMD.L vs. ^GSPC - Drawdown Comparison
The maximum EUMD.L drawdown since its inception was -37.48%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for EUMD.L and ^GSPC.
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Drawdown Indicators
| EUMD.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.48% | -51.62% | +14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -7.57% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -23.99% | +10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -23.99% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.20% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -9.08% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.02% | +0.21% |
Volatility
EUMD.L vs. ^GSPC - Volatility Comparison
iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) (EUMD.L) has a higher volatility of 4.00% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that EUMD.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
| EUMD.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 2.24% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 8.62% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 12.29% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 16.79% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 18.59% | -2.35% |
Frequently Asked Questions
EUMD.L and ^GSPC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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