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 6.44%/yr vs 13.17%/yr for ^GSPC. At a 0.04 correlation, their price movements are largely independent.
Performance
HP3A.DE vs. ^GSPC - Performance Comparison
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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 lower than ^GSPC's 9.98% return. Over the past 10 years, HP3A.DE has underperformed ^GSPC with an annualized return of 6.44%, while ^GSPC has yielded a comparatively higher 13.17% annualized return.
HP3A.DE
- 1D
- 0.00%
- 1M
- -0.74%
- YTD
- -2.17%
- 6M
- -5.59%
- 1Y
- -14.01%
- 3Y*
- -3.24%
- 5Y*
- -1.25%
- 10Y*
- 6.44%
^GSPC
- 1D
- -1.86%
- 1M
- 2.23%
- YTD
- 9.98%
- 6M
- 8.60%
- 1Y
- 23.49%
- 3Y*
- 16.96%
- 5Y*
- 13.01%
- 10Y*
- 13.17%
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 | 9.98% | 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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.04 |
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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.
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.12 | -3.84 |
| Martin ratioReturn relative to average drawdown | -1.23 | 11.62 | -12.86 |
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
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 1.90 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.78 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.71 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.51 | -0.29 |
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 -51.62%. Use the drawdown chart below to compare losses from any high point for HP3A.DE and ^GSPC.
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Drawdown Indicators
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.99% | -51.62% | -14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -20.25% | -7.57% | -12.68% |
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 | -55.05% | -33.42% | -21.63% |
Current DrawdownCurrent decline from peak | -43.03% | -2.04% | -40.99% |
Average DrawdownAverage peak-to-trough decline | -21.73% | -9.08% | -12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 2.03% | +9.79% |
Volatility
HP3A.DE vs. ^GSPC - Volatility Comparison
Ringmetall SE (HP3A.DE) has a higher volatility of 8.05% compared to S&P 500 Index (^GSPC) at 2.97%. 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.
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Volatility by Period
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 2.97% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 24.36% | 8.84% | +15.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.31% | 12.43% | +17.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.91% | 16.81% | +22.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.89% | 18.60% | +18.29% |
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.
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