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 10.74%/yr vs 13.40%/yr for ^GSPC. At a 0.32 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
The year-to-date returns for both stocks are quite close, with EXH9.DE having a 12.41% return and ^GSPC slightly lower at 12.06%. Over the past 10 years, EXH9.DE has underperformed ^GSPC with an annualized return of 10.74%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
EXH9.DE
- 1D
- -0.18%
- 1M
- -3.20%
- YTD
- 12.41%
- 6M
- 13.56%
- 1Y
- 25.76%
- 3Y*
- 16.47%
- 5Y*
- 11.76%
- 10Y*
- 10.74%
^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%
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) | 12.41% | 33.92% | 1.25% | 13.58% | -7.50% | 8.84% | 10.88% | 31.91% | 1.47% | 9.93% |
^GSPC S&P 500 Index | 12.06% | 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 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007 | 0.32 |
Over the past year, the correlation between EXH9.DE and ^GSPC has dropped to 0.05 - well below their long-term average of 0.32, 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.
| EXH9.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.30 | +0.14 |
| Martin ratioReturn relative to average drawdown | 9.54 | 12.34 | -2.80 |
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
| EXH9.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 2.04 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.80 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.72 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.51 | -0.09 |
Drawdowns
EXH9.DE vs. ^GSPC - Drawdown Comparison
The maximum EXH9.DE drawdown since its inception was -51.33%, roughly equal to the maximum ^GSPC drawdown of -51.62%. 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 | -51.33% | -51.62% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -7.57% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -23.99% | +10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -23.99% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -33.42% | +0.21% |
Current DrawdownCurrent decline from peak | -5.32% | -0.20% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -9.08% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.02% | +0.67% |
Volatility
EXH9.DE vs. ^GSPC - Volatility Comparison
iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) has a higher volatility of 5.89% compared to S&P 500 Index (^GSPC) at 2.24%. 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 | 5.89% | 2.24% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 8.62% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 12.29% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 16.79% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 18.59% | -1.56% |
Frequently Asked Questions
EXH9.DE and ^GSPC have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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