HP3A.DE vs. ^GSPC
HP3A.DE (Ringmetall SE) is a stock, while ^GSPC (S&P 500 Index) is an index. At a correlation of -0.01, they often move in opposite directions.
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 12.06% 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
- 0.00%
- 1M
- 4.16%
- YTD
- 12.06%
- 6M
- 10.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HP3A.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HP3A.DE Ringmetall SE | -2.17% | -12.10% |
^GSPC S&P 500 Index | 9.98% | 10.65% |
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 (All Time) Calculated using the full available price history since Jun 9, 2025 | -0.01 |
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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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.93 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | — | — |
| Martin ratioReturn relative to average drawdown | -1.23 | — | — |
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 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.98 | -1.77 |
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 -7.57%. 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% | -7.57% | -58.42% |
Max Drawdown (1Y)Largest decline over 1 year | -20.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | — | — |
Current DrawdownCurrent decline from peak | -43.03% | -0.20% | -42.83% |
Average DrawdownAverage peak-to-trough decline | -21.73% | -1.39% | -20.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | — | — |
Volatility
HP3A.DE vs. ^GSPC - Volatility Comparison
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Volatility by Period
| HP3A.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 24.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.31% | 12.22% | +18.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.91% | 12.22% | +26.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.89% | 12.22% | +24.67% |
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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