IE00BFPM9N11.EUFUND vs. ^GSPC

Last updated Jun 3, 2026

IE00BFPM9N11.EUFUND (Vanguard Global Stock Index Fund Institutional Plus EUR Acc) is Global Equities fund managed by Vanguard, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IE00BFPM9N11.EUFUND returned 12.75%/yr vs 13.46%/yr for ^GSPC. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

IE00BFPM9N11.EUFUND vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IE00BFPM9N11.EUFUND 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

The year-to-date returns for both investments are quite close, with IE00BFPM9N11.EUFUND having a 11.64% return and ^GSPC slightly higher at 12.06%. Over the past 10 years, IE00BFPM9N11.EUFUND has underperformed ^GSPC with an annualized return of 12.75%, while ^GSPC has yielded a comparatively higher 13.46% annualized return.

IE00BFPM9N11.EUFUND

• 1D: 0.39%
• 1M: 5.54%
• YTD: 11.64%
• 6M: 11.52%
• 1Y: 24.78%
• 3Y*: 17.62%
• 5Y*: 12.97%
• 10Y*: 12.75%

^GSPC

• 1D: 0.00%
• 1M: 5.87%
• YTD: 12.06%
• 6M: 11.15%
• 1Y: 25.88%
• 3Y*: 17.76%
• 5Y*: 13.56%
• 10Y*: 13.46%

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

IE00BFPM9N11.EUFUND vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc	11.64%	6.73%	26.59%	19.63%	-12.79%	31.07%	6.32%	30.03%	-4.16%	7.47%
^GSPC S&P 500 Index	12.30%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Correlation

The correlation between IE00BFPM9N11.EUFUND and ^GSPC is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 9, 2013	0.90

The correlation between IE00BFPM9N11.EUFUND and ^GSPC has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

IE00BFPM9N11.EUFUND vs. ^GSPC — Risk / Return Rank

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

IE00BFPM9N11.EUFUND

IE00BFPM9N11.EUFUND Risk / Return Rank: 67
IE00BFPM9N11.EUFUND Sharpe Ratio Rank: 65
IE00BFPM9N11.EUFUND Sortino Ratio Rank: 55
IE00BFPM9N11.EUFUND Omega Ratio Rank: 62
IE00BFPM9N11.EUFUND Calmar Ratio Rank: 77
IE00BFPM9N11.EUFUND Martin Ratio Rank: 77

^GSPC

^GSPC Risk / Return Rank: 79
^GSPC Sharpe Ratio Rank: 76
^GSPC Sortino Ratio Rank: 76
^GSPC Omega Ratio Rank: 77
^GSPC Calmar Ratio Rank: 79
^GSPC Martin Ratio Rank: 88

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.

IE00BFPM9N11.EUFUND vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) 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.

	IE00BFPM9N11.EUFUND	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.37	2.11	+0.26
Sortino ratio Return per unit of downside risk	3.14	2.75	+0.40
Omega ratio Gain probability vs. loss probability	1.44	1.39	+0.05
Calmar ratio Return relative to maximum drawdown	3.52	3.35	+0.17
Martin ratio Return relative to average drawdown	14.60	12.54	+2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IE00BFPM9N11.EUFUND vs. ^GSPC - Sharpe Ratio Comparison

The current IE00BFPM9N11.EUFUND Sharpe Ratio is 2.37, which is comparable to the ^GSPC Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IE00BFPM9N11.EUFUND and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IE00BFPM9N11.EUFUND	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.11	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.81	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.73	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.51	+0.31

Drawdowns

IE00BFPM9N11.EUFUND vs. ^GSPC - Drawdown Comparison

The maximum IE00BFPM9N11.EUFUND drawdown since its inception was -33.75%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for IE00BFPM9N11.EUFUND and ^GSPC.

Drawdown Indicators

	IE00BFPM9N11.EUFUND	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-33.75%	-51.62%	+17.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.59%	-7.57%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-20.29%	-23.99%	+3.70%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-23.99%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.75%	-33.42%	-0.33%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.35%	-9.07%	+4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	2.02%	-0.43%

Volatility

IE00BFPM9N11.EUFUND vs. ^GSPC - Volatility Comparison

Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and S&P 500 Index (^GSPC) have volatilities of 2.21% and 2.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IE00BFPM9N11.EUFUND	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	2.24%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	8.63%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.14%	12.33%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	16.79%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	18.60%	-3.47%

Frequently Asked Questions

Can I hold both IE00BFPM9N11.EUFUND and ^GSPC in my portfolio?

IE00BFPM9N11.EUFUND and ^GSPC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.