HP3A.DE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Ringmetall SE (HP3A.DE) and S&P 500 Index (^GSPC).

Performance

HP3A.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ringmetall SE (HP3A.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

HP3A.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HP3A.DE Ringmetall SE	-2.17%	-18.40%	17.31%	-24.00%	-3.06%	79.66%	-4.03%	-6.38%	-27.19%	31.87%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

HP3A.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, HP3A.DE achieves a -2.17% return, which is significantly higher than ^GSPC's -2.47% return. Over the past 10 years, HP3A.DE has underperformed ^GSPC with an annualized return of 7.52%, while ^GSPC has yielded a comparatively higher 12.07% annualized return.

HP3A.DE

• 1D: -0.74%
• 1M: -6.25%
• YTD: -2.17%
• 6M: -6.25%
• 1Y: -19.48%
• 3Y*: -5.86%
• 5Y*: 3.01%
• 10Y*: 7.52%

^GSPC

• 1D: 0.61%
• 1M: -3.45%
• YTD: -2.47%
• 6M: -0.63%
• 1Y: 8.91%
• 3Y*: 14.47%
• 5Y*: 10.74%
• 10Y*: 12.07%

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

Return for Risk

HP3A.DE vs. ^GSPC — Risk / Return Rank

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

HP3A.DE

HP3A.DE Risk / Return Rank: 12
HP3A.DE Sharpe Ratio Rank: 15
HP3A.DE Sortino Ratio Rank: 14
HP3A.DE Omega Ratio Rank: 14
HP3A.DE Calmar Ratio Rank: 6
HP3A.DE Martin Ratio Rank: 10

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

HP3A.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ringmetall SE (HP3A.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.

	HP3A.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.59	0.43	-1.02
Sortino ratio Return per unit of downside risk	-0.75	0.73	-1.48
Omega ratio Gain probability vs. loss probability	0.90	1.12	-0.21
Calmar ratio Return relative to maximum drawdown	-0.91	0.66	-1.58
Martin ratio Return relative to average drawdown	-1.45	2.77	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HP3A.DE vs. ^GSPC - Sharpe Ratio Comparison

The current HP3A.DE Sharpe Ratio is -0.59, which is lower than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of HP3A.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

	HP3A.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	0.43	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.64	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.65	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.45	-0.23

Correlation

The correlation between HP3A.DE and ^GSPC is 0.05, 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

HP3A.DE vs. ^GSPC - Drawdown Comparison

The maximum HP3A.DE drawdown since its inception was -65.99%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for HP3A.DE and ^GSPC.

Drawdown Indicators

	HP3A.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-65.99%	-56.78%	-9.21%
Max Drawdown (1Y) Largest decline over 1 year	-22.03%	-12.14%	-9.89%
Max Drawdown (5Y) Largest decline over 5 years	-47.52%	-25.43%	-22.09%
Max Drawdown (10Y) Largest decline over 10 years	-55.05%	-33.92%	-21.13%
Current Drawdown Current decline from peak	-43.03%	-5.78%	-37.25%
Average Drawdown Average peak-to-trough decline	-21.50%	-10.75%	-10.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.66%	2.60%	+12.06%

Volatility

HP3A.DE vs. ^GSPC - Volatility Comparison

Ringmetall SE (HP3A.DE) has a higher volatility of 11.37% compared to S&P 500 Index (^GSPC) at 4.42%. This indicates that HP3A.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

	HP3A.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.37%	4.42%	+6.95%
Volatility (6M) Calculated over the trailing 6-month period	24.78%	9.93%	+14.85%
Volatility (1Y) Calculated over the trailing 1-year period	33.37%	20.69%	+12.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.94%	16.81%	+22.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.16%	18.63%	+18.53%