MUV2.DE vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE) and S&P 500 Index (^GSPC).

Performance

MUV2.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MUV2.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	-3.06%	19.39%	34.63%	27.77%	22.28%	11.54%	-3.39%	43.99%	10.22%	5.40%
^GSPC S&P 500 Index	-2.10%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

MUV2.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, MUV2.DE achieves a -3.06% return, which is significantly lower than ^GSPC's -2.47% return. Over the past 10 years, MUV2.DE has outperformed ^GSPC with an annualized return of 16.73%, while ^GSPC has yielded a comparatively lower 12.10% annualized return.

MUV2.DE

• 1D: 0.85%
• 1M: 3.89%
• YTD: -3.06%
• 6M: -1.45%
• 1Y: -4.35%
• 3Y*: 23.77%
• 5Y*: 20.06%
• 10Y*: 16.73%

^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

MUV2.DE vs. ^GSPC — Risk / Return Rank

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

MUV2.DE

MUV2.DE Risk / Return Rank: 30
MUV2.DE Sharpe Ratio Rank: 32
MUV2.DE Sortino Ratio Rank: 27
MUV2.DE Omega Ratio Rank: 26
MUV2.DE Calmar Ratio Rank: 31
MUV2.DE Martin Ratio Rank: 32

^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.

MUV2.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.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.

	MUV2.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.18	0.41	-0.60
Sortino ratio Return per unit of downside risk	-0.09	0.71	-0.79
Omega ratio Gain probability vs. loss probability	0.99	1.11	-0.12
Calmar ratio Return relative to maximum drawdown	-0.27	0.62	-0.88
Martin ratio Return relative to average drawdown	-0.45	2.56	-3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUV2.DE vs. ^GSPC - Sharpe Ratio Comparison

The current MUV2.DE Sharpe Ratio is -0.18, which is lower than the ^GSPC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of MUV2.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

	MUV2.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	0.41	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.64	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.65	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.45	-0.13

Correlation

The correlation between MUV2.DE and ^GSPC is 0.30, 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

MUV2.DE vs. ^GSPC - Drawdown Comparison

The maximum MUV2.DE drawdown since its inception was -86.40%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for MUV2.DE and ^GSPC.

Drawdown Indicators

	MUV2.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-86.40%	-56.78%	-29.62%
Max Drawdown (1Y) Largest decline over 1 year	-16.62%	-9.10%	-7.52%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-25.43%	+0.07%
Max Drawdown (10Y) Largest decline over 10 years	-48.43%	-33.92%	-14.51%
Current Drawdown Current decline from peak	-10.33%	-5.67%	-4.66%
Average Drawdown Average peak-to-trough decline	-30.71%	-10.75%	-19.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.78%	2.62%	+7.16%

Volatility

MUV2.DE vs. ^GSPC - Volatility Comparison

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MUV2.DE) has a higher volatility of 5.90% compared to S&P 500 Index (^GSPC) at 4.36%. This indicates that MUV2.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

	MUV2.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	4.36%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	13.58%	9.93%	+3.65%
Volatility (1Y) Calculated over the trailing 1-year period	23.83%	20.68%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	16.80%	+5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.17%	18.63%	+5.54%