MIH.F vs. ^GSPC
MIH.F (Mitsubishi Heavy Industries, Ltd.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, MIH.F returned 18.51%/yr vs 13.42%/yr for ^GSPC. At a 0.09 correlation, their price movements are largely independent.
Performance
MIH.F vs. ^GSPC - Performance Comparison
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Different Trading Currencies
MIH.F 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, MIH.F achieves a -9.94% return, which is significantly lower than ^GSPC's 11.67% return. Over the past 10 years, MIH.F has outperformed ^GSPC with an annualized return of 18.51%, while ^GSPC has yielded a comparatively lower 13.42% annualized return.
MIH.F
- 1D
- 1.33%
- 1M
- -22.56%
- YTD
- -9.94%
- 6M
- -9.53%
- 1Y
- -7.45%
- 3Y*
- 67.75%
- 5Y*
- 47.80%
- 10Y*
- 18.51%
^GSPC
- 1D
- -0.52%
- 1M
- 5.65%
- YTD
- 11.67%
- 6M
- 10.88%
- 1Y
- 24.00%
- 3Y*
- 17.62%
- 5Y*
- 13.35%
- 10Y*
- 13.42%
MIH.F vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MIH.F Mitsubishi Heavy Industries, Ltd. | -9.94% | 53.66% | 160.27% | 44.65% | 82.05% | -17.87% | -29.30% | 12.57% | 0.40% | -28.00% |
^GSPC S&P 500 Index | 11.67% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between MIH.F and ^GSPC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007 | 0.09 |
The correlation between MIH.F and ^GSPC shifts across timeframes, from 0.09 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MIH.F vs. ^GSPC — Risk / Return Rank
MIH.F
^GSPC
MIH.F vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Heavy Industries, Ltd. (MIH.F) 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.
| MIH.F | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.36 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.19 | -3.41 |
| Martin ratioReturn relative to average drawdown | -0.66 | 11.89 | -12.55 |
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
| MIH.F | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.96 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.80 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.72 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.51 | -0.47 |
Drawdowns
MIH.F vs. ^GSPC - Drawdown Comparison
The maximum MIH.F drawdown since its inception was -87.77%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for MIH.F and ^GSPC.
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Drawdown Indicators
| MIH.F | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.77% | -51.62% | -36.15% |
Max Drawdown (1Y)Largest decline over 1 year | -32.74% | -7.57% | -25.17% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | -23.99% | -8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -23.99% | -8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -62.77% | -33.42% | -29.35% |
Current DrawdownCurrent decline from peak | -31.84% | -0.52% | -31.32% |
Average DrawdownAverage peak-to-trough decline | -67.91% | -9.08% | -58.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 2.02% | +9.26% |
Volatility
MIH.F vs. ^GSPC - Volatility Comparison
Mitsubishi Heavy Industries, Ltd. (MIH.F) has a higher volatility of 15.39% compared to S&P 500 Index (^GSPC) at 2.40%. This indicates that MIH.F'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
| MIH.F | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.39% | 2.40% | +12.99% |
Volatility (6M)Calculated over the trailing 6-month period | 34.66% | 8.64% | +26.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.38% | 12.35% | +33.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.54% | 16.80% | +27.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.82% | 18.59% | +20.23% |
Frequently Asked Questions
MIH.F and ^GSPC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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