HNR1.DE vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Hannover Rück SE (HNR1.DE) and S&P 500 Index (^GSPC).

Performance

HNR1.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Hannover Rück SE (HNR1.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

HNR1.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HNR1.DE Hannover Rück SE	1.35%	13.83%	15.17%	20.36%	15.47%	32.14%	-21.42%	52.31%	17.14%	6.71%
^GSPC S&P 500 Index	-2.10%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

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 1.35% return, which is significantly higher than ^GSPC's -2.47% return. Over the past 10 years, HNR1.DE has outperformed ^GSPC with an annualized return of 14.50%, while ^GSPC has yielded a comparatively lower 12.10% annualized return.

HNR1.DE

• 1D: 1.20%
• 1M: 9.14%
• YTD: 1.35%
• 6M: 4.74%
• 1Y: -0.21%
• 3Y*: 18.97%
• 5Y*: 15.25%
• 10Y*: 14.50%

^GSPC

• 1D: 0.00%
• 1M: -3.17%
• YTD: -2.47%
• 6M: -0.80%
• 1Y: 8.54%
• 3Y*: 14.53%
• 5Y*: 10.74%
• 10Y*: 12.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HNR1.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HNR1.DE

HNR1.DE Risk / Return Rank: 36
HNR1.DE Sharpe Ratio Rank: 39
HNR1.DE Sortino Ratio Rank: 32
HNR1.DE Omega Ratio Rank: 32
HNR1.DE Calmar Ratio Rank: 38
HNR1.DE Martin Ratio Rank: 38

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	HNR1.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.41	-0.42
Sortino ratio Return per unit of downside risk	0.14	0.71	-0.56
Omega ratio Gain probability vs. loss probability	1.02	1.11	-0.09
Calmar ratio Return relative to maximum drawdown	-0.03	0.62	-0.64
Martin ratio Return relative to average drawdown	-0.05	2.56	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNR1.DE vs. ^GSPC - Sharpe Ratio Comparison

The current HNR1.DE Sharpe Ratio is -0.01, which is lower than the ^GSPC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of HNR1.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HNR1.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.41	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.64	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.65	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.45	+0.02

Correlation

The correlation between HNR1.DE and ^GSPC is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

HNR1.DE vs. ^GSPC - Drawdown Comparison

The maximum HNR1.DE drawdown since its inception was -65.65%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for HNR1.DE and ^GSPC.

Drawdown Indicators

	HNR1.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-65.65%	-56.78%	-8.87%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-9.10%	-8.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.47%	-25.43%	+0.96%
Max Drawdown (10Y) Largest decline over 10 years	-44.13%	-33.92%	-10.21%
Current Drawdown Current decline from peak	-5.07%	-5.67%	+0.60%
Average Drawdown Average peak-to-trough decline	-15.46%	-10.75%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.56%	2.62%	+6.94%

Volatility

HNR1.DE vs. ^GSPC - Volatility Comparison

Hannover Rück SE (HNR1.DE) has a higher volatility of 8.10% compared to S&P 500 Index (^GSPC) at 4.36%. 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.

Volatility by Period

	HNR1.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	4.36%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	9.93%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	22.64%	20.68%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.54%	16.80%	+5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.47%	18.63%	+4.84%