IUS2.DE vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.DE) and S&P 500 Index (^GSPC).

IUS2.DE is a passively managed fund by iShares that tracks the performance of the S&P 900 Banks 7/4 Capped. It was launched on May 22, 2018.

Performance

IUS2.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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)	-2.32%	8.89%	33.51%	-6.27%	-14.40%	53.00%	-20.33%	37.52%	-20.65%
^GSPC S&P 500 Index	-2.10%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-6.03%

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 -2.32% return, which is significantly higher than ^GSPC's -2.47% return.

IUS2.DE

• 1D: -0.03%
• 1M: -0.77%
• YTD: -2.32%
• 6M: 6.71%
• 1Y: 14.80%
• 3Y*: 19.84%
• 5Y*: 5.40%
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: -3.17%
• YTD: -2.47%
• 6M: -0.80%
• 1Y: 8.54%
• 3Y*: 14.53%
• 5Y*: 10.74%
• 10Y*: 12.10%

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

Return for Risk

IUS2.DE vs. ^GSPC — Risk / Return Rank

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

IUS2.DE

IUS2.DE Risk / Return Rank: 37
IUS2.DE Sharpe Ratio Rank: 27
IUS2.DE Sortino Ratio Rank: 26
IUS2.DE Omega Ratio Rank: 28
IUS2.DE Calmar Ratio Rank: 60
IUS2.DE Martin Ratio Rank: 46

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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.

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 ratio Return per unit of total volatility	0.53	0.41	+0.12
Sortino ratio Return per unit of downside risk	0.85	0.71	+0.14
Omega ratio Gain probability vs. loss probability	1.12	1.11	+0.01
Calmar ratio Return relative to maximum drawdown	1.84	0.62	+1.22
Martin ratio Return relative to average drawdown	5.45	2.56	+2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUS2.DE vs. ^GSPC - Sharpe Ratio Comparison

The current IUS2.DE Sharpe Ratio is 0.53, which is comparable to the ^GSPC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of IUS2.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IUS2.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.41	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.64	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.45	-0.27

Correlation

The correlation between IUS2.DE and ^GSPC is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

IUS2.DE vs. ^GSPC - Drawdown Comparison

The maximum IUS2.DE drawdown since its inception was -49.73%, smaller than the maximum ^GSPC drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for IUS2.DE and ^GSPC.

Drawdown Indicators

	IUS2.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-49.73%	-56.78%	+7.05%
Max Drawdown (1Y) Largest decline over 1 year	-14.73%	-9.10%	-5.63%
Max Drawdown (5Y) Largest decline over 5 years	-48.08%	-25.43%	-22.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-9.94%	-5.67%	-4.27%
Average Drawdown Average peak-to-trough decline	-16.45%	-10.75%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.97%	2.62%	+2.35%

Volatility

IUS2.DE vs. ^GSPC - Volatility Comparison

iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.DE) has a higher volatility of 6.51% compared to S&P 500 Index (^GSPC) at 4.36%. 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.

Volatility by Period

	IUS2.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	4.36%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	15.49%	9.93%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	27.79%	20.68%	+7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.10%	16.80%	+10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.31%	18.63%	+11.68%