ORA.PA vs. ^GSPC
ORA.PA (Orange S.A.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ORA.PA returned 7.28%/yr vs 12.65%/yr for ^GSPC. At a 0.24 correlation, their price movements are largely independent.
Performance
ORA.PA vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ORA.PA 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, ORA.PA achieves a 18.67% return, which is significantly higher than ^GSPC's 11.89% return. Over the past 10 years, ORA.PA has underperformed ^GSPC with an annualized return of 7.28%, while ^GSPC has yielded a comparatively higher 12.65% annualized return.
ORA.PA
- 1D
- -0.24%
- 1M
- -3.86%
- 6M
- 13.78%
- YTD
- 18.67%
- 1Y
- 30.52%
- 3Y*
- 22.18%
- 5Y*
- 18.85%
- 10Y*
- 7.28%
- ALL TIME*
- 5.01%
^GSPC
- 1D
- 0.01%
- 1M
- -0.35%
- 6M
- 8.98%
- YTD
- 11.89%
- 1Y
- 20.36%
- 3Y*
- 16.94%
- 5Y*
- 12.03%
- 10Y*
- 12.65%
- ALL TIME*
- 10.08%
ORA.PA vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ORA.PA Orange S.A. | 18.67% | 55.96% | 0.24% | 18.29% | 5.45% | 4.98% | -21.49% | -2.70% | 2.52% | 4.78% |
^GSPC S&P 500 Index | 11.89% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between ORA.PA and ^GSPC is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.24 |
The correlation between ORA.PA and ^GSPC shifts across timeframes, from -0.14 (3 years) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ORA.PA vs. ^GSPC — Risk / Return Rank
ORA.PA
^GSPC
ORA.PA vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orange S.A. (ORA.PA) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ORA.PA | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.70 | -0.56 |
| Martin ratioReturn relative to average drawdown | 6.45 | 9.96 | -3.51 |
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Drawdowns
ORA.PA vs. ^GSPC - Drawdown Comparison
The maximum ORA.PA drawdown since its inception was -58.12%, which is greater than ^GSPC's maximum drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for ORA.PA and ^GSPC.
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Drawdown Indicators
| ORA.PA | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.12% | -50.14% | -7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.08% | -7.57% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -14.50% | -23.99% | +9.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -23.99% | +4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -39.90% | -33.42% | -6.48% |
Current DrawdownCurrent decline from peak | -10.08% | -1.73% | -8.35% |
Average DrawdownAverage peak-to-trough decline | -18.98% | -8.49% | -10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 2.05% | +2.65% |
Volatility
ORA.PA vs. ^GSPC - Volatility Comparison
Orange S.A. (ORA.PA) has a higher volatility of 6.95% compared to S&P 500 Index (^GSPC) at 2.79%. This indicates that ORA.PA'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
| ORA.PA | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 2.79% | +4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.25% | 9.21% | +9.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 12.64% | +9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 16.83% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 18.61% | -0.40% |
Frequently Asked Questions
ORA.PA and ^GSPC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ORA.PA and ^GSPC
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