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PAF.L vs. PE500.PA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAF.L vs. PE500.PA

Last updated Jun 13, 2026

PAF.L (Pan African Resources plc) is a stock, while PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) is S&P 500 fund tracking the S&P 500 ESG+ Index. Over the past 5 years, PAF.L returned 46.75%/yr vs 14.16%/yr for PE500.PA. At a 0.01 correlation, their price movements are largely independent.

Performance

PAF.L vs. PE500.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Pan African Resources plc (PAF.L) and Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

PAF.L is traded in GBp, while PE500.PA is traded in EUR. To make them comparable, the PE500.PA values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PAF.L achieves a -9.60% return, which is significantly lower than PE500.PA's 9.11% return.

PAF.L

1D
5.62%
1M
-26.94%
YTD
-9.60%
6M
-1.63%
1Y
129.47%
3Y*
108.56%
5Y*
46.75%
10Y*
24.42%

PE500.PA

1D
1.83%
1M
-0.40%
YTD
9.11%
6M
9.61%
1Y
29.70%
3Y*
17.88%
5Y*
14.16%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PAF.L vs. PE500.PA - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PAF.L
Pan African Resources plc		-9.60%258.03%109.32%6.38%4.14%-25.77%102.96%36.07%
PE500.PA
Amundi ETF PEA S&P 500 UCITS ETF EUR		9.11%9.44%26.73%19.52%-9.76%32.19%14.02%8.52%

Correlation

The correlation between PAF.L and PE500.PA is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Apr 25, 2019

0.01

The correlation between PAF.L and PE500.PA shifts across timeframes, from 0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.

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Pan African Resources plc

Amundi ETF PEA S&P 500 UCITS ETF EUR

Often compared with PAF.L:
PAF.L vs. WAF.AXPAF.L vs. 100D.LPAF.L vs. ESP0.DEPAF.L vs. NUKL.DEPAF.L vs. 2FE.DEPAF.L vs. EZAPAF.L vs. FLIN
Often compared with PE500.PA:
PE500.PA vs. ESE.PAPE500.PA vs. ESEA.DEPE500.PA vs. CW8U.LPE500.PA vs. AMEW.DEPE500.PA vs. CW8G.LPE500.PA vs. CSPX.LPE500.PA vs. SPY

Return for Risk

PAF.L vs. PE500.PA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAF.L
PAF.L Risk / Return Rank: 8888
Overall Rank
PAF.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PAF.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
PAF.L Omega Ratio Rank: 8787
Omega Ratio Rank
PAF.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
PAF.L Martin Ratio Rank: 8888
Martin Ratio Rank
PE500.PA
PE500.PA Risk / Return Rank: 8282
Overall Rank
PE500.PA Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PE500.PA Sortino Ratio Rank: 8484
Sortino Ratio Rank
PE500.PA Omega Ratio Rank: 8383
Omega Ratio Rank
PE500.PA Calmar Ratio Rank: 7878
Calmar Ratio Rank
PE500.PA Martin Ratio Rank: 8181
Martin Ratio Rank
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.

PAF.L vs. PE500.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pan African Resources plc (PAF.L) and Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA). 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.

PAF.LPE500.PADifference
Sharpe ratioReturn per unit of total volatility
2.44
2.60

-0.17

Sortino ratioReturn per unit of downside risk
2.69
3.61

-0.92

Omega ratioGain probability vs. loss probability

1.36

1.47

-0.12

Calmar ratioReturn relative to maximum drawdown

2.95

3.88

-0.94

Martin ratioReturn relative to average drawdown

9.67

15.00

-5.33

PAF.L vs. PE500.PA - Sharpe Ratio Comparison

The current PAF.L Sharpe Ratio is 2.44, which is comparable to the PE500.PA Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of PAF.L and PE500.PA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PAF.L vs. PE500.PA - Drawdown Comparison

The maximum PAF.L drawdown since its inception was -80.73%, which is greater than PE500.PA's maximum drawdown of -25.92%. Use the drawdown chart below to compare losses from any high point for PAF.L and PE500.PA.

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Drawdown Indicators

PAF.LPE500.PADifference

Max Drawdown

Largest peak-to-trough decline

-80.73%

-25.92%

-54.81%

Max Drawdown (1Y)

Largest decline over 1 year

-44.73%

-7.45%

-37.28%

Max Drawdown (3Y)

Largest decline over 3 years

-44.73%

-22.63%

-22.10%

Max Drawdown (5Y)

Largest decline over 5 years

-47.34%

-22.63%

-24.71%

Max Drawdown (10Y)

Largest decline over 10 years

-70.68%

—

—

Current Drawdown

Current decline from peak

-40.36%

-0.78%

-39.58%

Average Drawdown

Average peak-to-trough decline

-29.27%

-3.76%

-25.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.65%

1.94%

+11.71%

Volatility

PAF.L vs. PE500.PA - Volatility Comparison

Pan African Resources plc (PAF.L) has a higher volatility of 21.97% compared to Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) at 3.13%. This indicates that PAF.L's price experiences larger fluctuations and is considered to be riskier than PE500.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PAF.LPE500.PADifference

Volatility (1M)

Calculated over the trailing 1-month period

21.97%

3.13%

+18.84%

Volatility (6M)

Calculated over the trailing 6-month period

44.78%

7.81%

+36.97%

Volatility (1Y)

Calculated over the trailing 1-year period

54.10%

11.17%

+42.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

48.00%

14.83%

+33.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

53.54%

16.60%

+36.94%

Dividends

PAF.L vs. PE500.PA - Dividend Comparison

PAF.L's dividend yield for the trailing twelve months is around 2.00%, while PE500.PA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
PAF.L
Pan African Resources plc		2.00%1.35%2.79%4.52%5.25%5.09%2.92%0.98%0.00%3.38%5.67%6.83%
PE500.PA
Amundi ETF PEA S&P 500 UCITS ETF EUR		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PAF.L and PE500.PA 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.

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