MUV2.DE vs. ^GSPC
MUV2.DE (Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München) is a stock, while ^GSPC (S&P 500 Index) is an index. At a 0.09 correlation, their price movements are largely independent.
Performance
MUV2.DE vs. ^GSPC - Performance Comparison
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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 -17.78% return, which is significantly lower than ^GSPC's 12.06% return.
MUV2.DE
- 1D
- 0.50%
- 1M
- -15.74%
- YTD
- -17.78%
- 6M
- -13.04%
- 1Y
- -19.75%
- 3Y*
- 13.55%
- 5Y*
- 17.74%
- 10Y*
- 15.26%
^GSPC
- 1D
- 0.00%
- 1M
- 4.16%
- YTD
- 12.06%
- 6M
- 10.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUV2.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | -17.78% | -2.67% |
^GSPC S&P 500 Index | 9.98% | 10.65% |
Correlation
The correlation between MUV2.DE and ^GSPC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.09 |
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Return for Risk
MUV2.DE vs. ^GSPC — Risk / Return Rank
MUV2.DE
^GSPC
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | — | — |
| Martin ratioReturn relative to average drawdown | -1.76 | — | — |
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
| MUV2.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.98 | -1.69 |
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 -7.57%. Use the drawdown chart below to compare losses from any high point for MUV2.DE and ^GSPC.
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Drawdown Indicators
| MUV2.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.40% | -7.57% | -78.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.32% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.43% | — | — |
Current DrawdownCurrent decline from peak | -23.94% | -0.20% | -23.74% |
Average DrawdownAverage peak-to-trough decline | -30.62% | -1.39% | -29.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.32% | — | — |
Volatility
MUV2.DE vs. ^GSPC - Volatility Comparison
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Volatility by Period
| MUV2.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 12.22% | +9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 12.22% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 12.22% | +12.05% |
Frequently Asked Questions
MUV2.DE and ^GSPC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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