MAGG.L vs. ^SP500TR
MAGG.L (BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)) is Diversified Portfolio fund tracking the Morningstar UK Mod Adv Tgt Alloc NR GBP, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, MAGG.L returned 9.03%/yr vs 15.25%/yr for ^SP500TR. At a 0.43 correlation, their price movements are largely independent.
Performance
MAGG.L vs. ^SP500TR - Performance Comparison
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Different Trading Currencies
MAGG.L is traded in GBP, while ^SP500TR is traded in USD. To make them comparable, the ^SP500TR values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, MAGG.L achieves a 12.91% return, which is significantly higher than ^SP500TR's 11.81% return.
MAGG.L
- 1D
- -0.08%
- 1M
- 5.44%
- YTD
- 12.91%
- 6M
- 14.15%
- 1Y
- 26.97%
- 3Y*
- 16.76%
- 5Y*
- 9.03%
- 10Y*
- —
^SP500TR
- 1D
- 0.42%
- 1M
- 5.57%
- YTD
- 11.81%
- 6M
- 10.50%
- 1Y
- 29.83%
- 3Y*
- 19.64%
- 5Y*
- 15.25%
- 10Y*
- 16.45%
MAGG.L vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MAGG.L BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) | 12.91% | 10.89% | 19.68% | 12.90% | -17.33% | 18.23% | 6.63% |
^SP500TR S&P 500 Total Return | 11.81% | 9.48% | 27.20% | 19.98% | -8.37% | 29.92% | 5.78% |
Correlation
The correlation between MAGG.L and ^SP500TR is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.43 |
The correlation between MAGG.L and ^SP500TR has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
MAGG.L vs. ^SP500TR — Risk / Return Rank
MAGG.L
^SP500TR
MAGG.L vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) and S&P 500 Total Return (^SP500TR). 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.
| MAGG.L | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.98 | -0.33 |
| Martin ratioReturn relative to average drawdown | 15.82 | 15.35 | +0.47 |
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
| MAGG.L | ^SP500TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 2.60 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.97 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.69 | +0.17 |
Drawdowns
MAGG.L vs. ^SP500TR - Drawdown Comparison
The maximum MAGG.L drawdown since its inception was -21.07%, smaller than the maximum ^SP500TR drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for MAGG.L and ^SP500TR.
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Drawdown Indicators
| MAGG.L | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -34.87% | +13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -7.54% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.71% | -21.89% | +4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -21.89% | +0.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.86% | — |
Current DrawdownCurrent decline from peak | -0.78% | 0.00% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -4.76% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.95% | -0.25% |
Volatility
MAGG.L vs. ^SP500TR - Volatility Comparison
BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) has a higher volatility of 3.58% compared to S&P 500 Total Return (^SP500TR) at 2.60%. This indicates that MAGG.L's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGG.L | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 2.60% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 8.20% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 11.52% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 15.85% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.05% | 18.15% | -6.10% |
Frequently Asked Questions
MAGG.L and ^SP500TR have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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