RI.PA vs. ^GSPC

Last updated Jun 5, 2026

RI.PA (Pernod Ricard SA) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, RI.PA returned -2.26%/yr vs 13.40%/yr for ^GSPC. At a 0.25 correlation, their price movements are largely independent.

Performance

RI.PA vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Pernod Ricard SA (RI.PA) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RI.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, RI.PA achieves a -16.39% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, RI.PA has underperformed ^GSPC with an annualized return of -2.26%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.

RI.PA

• 1D: 0.33%
• 1M: -5.12%
• YTD: -16.39%
• 6M: -20.31%
• 1Y: -30.53%
• 3Y*: -29.77%
• 5Y*: -16.78%
• 10Y*: -2.26%

^GSPC

• 1D: 0.27%
• 1M: 5.17%
• YTD: 12.06%
• 6M: 10.90%
• 1Y: 24.89%
• 3Y*: 17.85%
• 5Y*: 13.43%
• 10Y*: 13.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RI.PA vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RI.PA Pernod Ricard SA	-16.39%	-29.20%	-28.90%	-10.77%	-11.15%	37.02%	0.14%	13.37%	10.45%	30.30%
^GSPC S&P 500 Index	12.06%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Correlation

The correlation between RI.PA and ^GSPC is 0.03, 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 (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007	0.25

Over the past year, the correlation between RI.PA and ^GSPC has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Return for Risk

RI.PA vs. ^GSPC — Risk / Return Rank

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

RI.PA

RI.PA Risk / Return Rank: 9
RI.PA Sharpe Ratio Rank: 4
RI.PA Sortino Ratio Rank: 6
RI.PA Omega Ratio Rank: 8
RI.PA Calmar Ratio Rank: 13
RI.PA Martin Ratio Rank: 11

^GSPC

^GSPC Risk / Return Rank: 80
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 79
^GSPC Omega Ratio Rank: 79
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

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.

RI.PA vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pernod Ricard SA (RI.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.

	RI.PA	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	2.04	-3.05
Sortino ratio: Return per unit of downside risk	-1.43	2.65	-4.09
Omega ratio: Gain probability vs. loss probability	0.84	1.37	-0.54
Calmar ratio: Return relative to maximum drawdown	-0.75	3.30	-4.06
Martin ratio: Return relative to average drawdown	-1.32	12.34	-13.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RI.PA vs. ^GSPC - Sharpe Ratio Comparison

The current RI.PA Sharpe Ratio is -1.02, which is lower than the ^GSPC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of RI.PA and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RI.PA	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.02	2.04	-3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.68	0.80	-1.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.10	0.72	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.51	-0.24

Drawdowns

RI.PA vs. ^GSPC - Drawdown Comparison

The maximum RI.PA drawdown since its inception was -68.87%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for RI.PA and ^GSPC.

Drawdown Indicators

	RI.PA	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-68.87%	-51.62%	-17.25%
Max Drawdown (1Y) Largest decline over 1 year	-40.07%	-7.57%	-32.50%
Max Drawdown (3Y) Largest decline over 3 years	-66.98%	-23.99%	-42.99%
Max Drawdown (5Y) Largest decline over 5 years	-68.87%	-23.99%	-44.88%
Max Drawdown (10Y) Largest decline over 10 years	-68.87%	-33.42%	-35.45%
Current Drawdown Current decline from peak	-68.25%	-0.20%	-68.05%
Average Drawdown Average peak-to-trough decline	-12.73%	-9.08%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.98%	2.02%	+20.96%

Volatility

RI.PA vs. ^GSPC - Volatility Comparison

Pernod Ricard SA (RI.PA) has a higher volatility of 7.60% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that RI.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.

Volatility by Period

	RI.PA	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	2.24%	+5.36%
Volatility (6M) Calculated over the trailing 6-month period	23.09%	8.62%	+14.47%
Volatility (1Y) Calculated over the trailing 1-year period	29.94%	12.29%	+17.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.44%	16.79%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	18.59%	+3.33%

Frequently Asked Questions

Can I hold both RI.PA and ^GSPC in my portfolio?

RI.PA and ^GSPC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.