HNR1.DE vs. ^GSPC
HNR1.DE (Hannover Rück SE) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, HNR1.DE returned 14.39%/yr vs 12.91%/yr for ^GSPC. At a 0.27 correlation, their price movements are largely independent.
Performance
HNR1.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
HNR1.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, HNR1.DE achieves a -1.19% return, which is significantly lower than ^GSPC's 13.20% return. Over the past 10 years, HNR1.DE has outperformed ^GSPC with an annualized return of 14.39%, while ^GSPC has yielded a comparatively lower 12.91% annualized return.
HNR1.DE
- 1D
- -1.03%
- 1M
- 9.15%
- 6M
- 7.45%
- YTD
- -1.19%
- 1Y
- 0.24%
- 3Y*
- 13.86%
- 5Y*
- 15.73%
- 10Y*
- 14.39%
^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%
HNR1.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNR1.DE Hannover Rück SE | -1.19% | 13.83% | 15.17% | 20.36% | 15.47% | 32.14% | -21.42% | 52.31% | 17.14% | 2.04% |
^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 HNR1.DE and ^GSPC is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2007 | 0.27 |
The correlation between HNR1.DE and ^GSPC shifts across timeframes, from -0.01 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HNR1.DE vs. ^GSPC — Risk / Return Rank
HNR1.DE
^GSPC
HNR1.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hannover Rück SE (HNR1.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.
| HNR1.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 3.00 | -2.98 |
| Martin ratioReturn relative to average drawdown | 0.03 | 11.06 | -11.04 |
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Drawdowns
HNR1.DE vs. ^GSPC - Drawdown Comparison
The maximum HNR1.DE drawdown since its inception was -58.13%, which is greater than ^GSPC's maximum drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for HNR1.DE and ^GSPC.
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Drawdown Indicators
| HNR1.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -51.28% | -6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.38% | -7.57% | -7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -23.99% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.47% | -23.99% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -44.13% | -33.42% | -10.71% |
Current DrawdownCurrent decline from peak | -7.45% | -0.58% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -8.94% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.80% | 2.04% | +6.76% |
Volatility
HNR1.DE vs. ^GSPC - Volatility Comparison
Hannover Rück SE (HNR1.DE) has a higher volatility of 3.62% compared to S&P 500 Index (^GSPC) at 3.04%. This indicates that HNR1.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
| HNR1.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.04% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 9.17% | +5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 12.60% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 16.85% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.32% | 18.60% | +4.72% |
Frequently Asked Questions
HNR1.DE and ^GSPC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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