EXH9.DE vs. ^GSPC
EXH9.DE (iShares STOXX Europe 600 Utilities UCITS ETF (DE)) is Utilities Equities fund tracking the STOXX® Europe 600 Utilities, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, EXH9.DE returned 10.72%/yr vs 12.91%/yr for ^GSPC. At a 0.33 correlation, their price movements are largely independent.
Performance
EXH9.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
EXH9.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, EXH9.DE achieves a 17.22% return, which is significantly higher than ^GSPC's 13.20% return. Over the past 10 years, EXH9.DE has underperformed ^GSPC with an annualized return of 10.72%, while ^GSPC has yielded a comparatively higher 12.91% annualized return.
EXH9.DE
- 1D
- -1.59%
- 1M
- 2.50%
- 6M
- 12.70%
- YTD
- 17.22%
- 1Y
- 30.78%
- 3Y*
- 18.05%
- 5Y*
- 12.39%
- 10Y*
- 10.72%
^GSPC
- 1D
- 0.00%
- 1M
- 1.21%
- 6M
- 10.91%
- YTD
- 13.20%
- 1Y
- 22.56%
- 3Y*
- 18.02%
- 5Y*
- 12.47%
- 10Y*
- 12.91%
EXH9.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 17.22% | 33.90% | 1.27% | 13.59% | -7.81% | 9.21% | 10.85% | 31.93% | 1.21% | 9.93% |
^GSPC S&P 500 Index | 13.27% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between EXH9.DE and ^GSPC is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2007 | 0.33 |
Over the past year, the correlation between EXH9.DE and ^GSPC has dropped to 0.00 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
EXH9.DE vs. ^GSPC — Risk / Return Rank
EXH9.DE
^GSPC
EXH9.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.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.
| EXH9.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 3.00 | +1.12 |
| Martin ratioReturn relative to average drawdown | 10.82 | 11.06 | -0.25 |
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Drawdowns
EXH9.DE vs. ^GSPC - Drawdown Comparison
The maximum EXH9.DE drawdown since its inception was -51.23%, roughly equal to the maximum ^GSPC drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for EXH9.DE and ^GSPC.
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Drawdown Indicators
| EXH9.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.23% | -51.28% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -7.57% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.37% | -23.99% | +10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -23.99% | +1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -33.20% | -33.42% | +0.22% |
Current DrawdownCurrent decline from peak | -1.68% | -0.58% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -18.75% | -8.94% | -9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.04% | +0.80% |
Volatility
EXH9.DE vs. ^GSPC - Volatility Comparison
iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) has a higher volatility of 4.71% compared to S&P 500 Index (^GSPC) at 3.04%. This indicates that EXH9.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
| EXH9.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 3.04% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 9.17% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 12.60% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 16.85% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 18.60% | -1.95% |
Frequently Asked Questions
EXH9.DE and ^GSPC have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EXH9.DE and ^GSPC
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