IUS2.DE vs. ^GSPC
IUS2.DE (iShares S&P U.S. Banks UCITS ETF USD (Acc)) is Financials Equities fund tracking the S&P 900 Banks 7/4 Capped, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, IUS2.DE returned 5.75%/yr vs 13.43%/yr for ^GSPC. At a 0.37 correlation, their price movements are largely independent.
Performance
IUS2.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IUS2.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, IUS2.DE achieves a 4.22% return, which is significantly lower than ^GSPC's 12.06% return.
IUS2.DE
- 1D
- 3.48%
- 1M
- 1.75%
- YTD
- 4.22%
- 6M
- 7.92%
- 1Y
- 25.71%
- 3Y*
- 22.96%
- 5Y*
- 5.75%
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
IUS2.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUS2.DE iShares S&P U.S. Banks UCITS ETF USD (Acc) | 4.22% | 8.89% | 33.51% | -6.27% | -14.40% | 53.00% | -20.33% | 37.52% | -20.65% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -6.03% |
Correlation
The correlation between IUS2.DE and ^GSPC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.37 |
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Return for Risk
IUS2.DE vs. ^GSPC — Risk / Return Rank
IUS2.DE
^GSPC
IUS2.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.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.
| IUS2.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.30 | -1.57 |
| Martin ratioReturn relative to average drawdown | 4.72 | 12.34 | -7.62 |
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
| IUS2.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.04 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.80 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.51 | -0.31 |
Drawdowns
IUS2.DE vs. ^GSPC - Drawdown Comparison
The maximum IUS2.DE drawdown since its inception was -49.73%, roughly equal to the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for IUS2.DE and ^GSPC.
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Drawdown Indicators
| IUS2.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.73% | -51.62% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.73% | -7.57% | -7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -32.32% | -23.99% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -48.08% | -23.99% | -24.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -3.92% | -0.20% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -16.24% | -9.08% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 2.02% | +3.42% |
Volatility
IUS2.DE vs. ^GSPC - Volatility Comparison
iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.DE) has a higher volatility of 5.80% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that IUS2.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
| IUS2.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 2.24% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.40% | 8.62% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 12.29% | +8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.98% | 16.79% | +10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.10% | 18.59% | +11.51% |
Frequently Asked Questions
IUS2.DE and ^GSPC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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