HNR1.DE vs. ^GSPC
HNR1.DE (Hannover Rück SE) is a stock, while ^GSPC (S&P 500 Index) is an index. At a 0.03 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 -11.22% return, which is significantly lower than ^GSPC's 12.06% return.
HNR1.DE
- 1D
- 0.27%
- 1M
- -9.24%
- YTD
- -11.22%
- 6M
- -6.43%
- 1Y
- -15.41%
- 3Y*
- 7.58%
- 5Y*
- 13.51%
- 10Y*
- 12.80%
^GSPC
- 1D
- 0.00%
- 1M
- 4.16%
- YTD
- 12.06%
- 6M
- 10.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HNR1.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HNR1.DE Hannover Rück SE | -11.22% | -6.33% |
^GSPC S&P 500 Index | 9.98% | 10.65% |
Correlation
The correlation between HNR1.DE and ^GSPC is 0.03, 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 (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.03 |
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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.
| HNR1.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.88 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | — | — |
| Martin ratioReturn relative to average drawdown | -1.51 | — | — |
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
| HNR1.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.98 | -1.53 |
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 -7.57%. 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 | -65.65% | -7.57% | -58.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.13% | — | — |
Current DrawdownCurrent decline from peak | -16.84% | -0.20% | -16.64% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -1.39% | -14.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.32% | — | — |
Volatility
HNR1.DE vs. ^GSPC - Volatility Comparison
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Volatility by Period
| HNR1.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 12.22% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.74% | 12.22% | +10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.50% | 12.22% | +11.28% |
Frequently Asked Questions
HNR1.DE and ^GSPC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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