HP3A.DE vs. ^GSPC
HP3A.DE (Ringmetall SE) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, HP3A.DE returned 3.84%/yr vs 12.65%/yr for ^GSPC. At a 0.04 correlation, their price movements are largely independent.
Performance
HP3A.DE vs. ^GSPC - Performance Comparison
Loading charts...
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 0.67% return, which is significantly lower than ^GSPC's 11.89% return. Over the past 10 years, HP3A.DE has underperformed ^GSPC with an annualized return of 3.84%, while ^GSPC has yielded a comparatively higher 12.65% annualized return.
HP3A.DE
- 1D
- -0.74%
- 1M
- -7.59%
- 6M
- 0.67%
- YTD
- 0.67%
- 1Y
- -13.71%
- 3Y*
- -1.22%
- 5Y*
- -1.15%
- 10Y*
- 3.84%
- ALL TIME*
- 8.83%
^GSPC
- 1D
- 0.01%
- 1M
- -0.35%
- 6M
- 8.98%
- YTD
- 11.89%
- 1Y
- 20.36%
- 3Y*
- 16.94%
- 5Y*
- 12.03%
- 10Y*
- 12.65%
- ALL TIME*
- 10.08%
HP3A.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HP3A.DE Ringmetall SE | 0.67% | -18.40% | 17.31% | -24.00% | -3.06% | 79.66% | -4.03% | -6.38% | -27.12% | 31.80% |
^GSPC S&P 500 Index | 11.89% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between HP3A.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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HP3A.DE vs. ^GSPC — Risk / Return Rank
HP3A.DE
^GSPC
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.
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.
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.70 | -3.39 |
| Martin ratioReturn relative to average drawdown | -1.12 | 9.96 | -11.08 |
Loading charts...
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 -50.14%. Use the drawdown chart below to compare losses from any high point for HP3A.DE and ^GSPC.
Loading charts...
Drawdown Indicators
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.99% | -50.14% | -15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -19.75% | -7.57% | -12.18% |
Max Drawdown (3Y)Largest decline over 3 years | -29.43% | -23.99% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -47.52% | -23.99% | -23.53% |
Max Drawdown (10Y)Largest decline over 10 years | -55.08% | -33.42% | -21.66% |
Current DrawdownCurrent decline from peak | -41.38% | -1.73% | -39.65% |
Average DrawdownAverage peak-to-trough decline | -22.59% | -8.49% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 2.05% | +10.21% |
Volatility
HP3A.DE vs. ^GSPC - Volatility Comparison
Ringmetall SE (HP3A.DE) has a higher volatility of 5.05% compared to S&P 500 Index (^GSPC) at 2.79%. 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.
Loading charts...
Volatility by Period
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 2.79% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 24.82% | 9.21% | +15.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.19% | 12.64% | +18.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.96% | 16.83% | +21.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.32% | 18.61% | +16.71% |
Frequently Asked Questions
HP3A.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.
Find the right allocation for HP3A.DE and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer