SAP.DE vs. SXR8.DE
SAP.DE (SAP SE) is a stock, while SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SAP.DE returned 10.39%/yr vs 14.95%/yr for SXR8.DE. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
SAP.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SAP.DE achieves a -19.71% return, which is significantly lower than SXR8.DE's 11.37% return. Over the past 10 years, SAP.DE has underperformed SXR8.DE with an annualized return of 10.39%, while SXR8.DE has yielded a comparatively higher 14.95% annualized return.
SAP.DE
- 1D
- 5.49%
- 1M
- 11.68%
- YTD
- -19.71%
- 6M
- -20.39%
- 1Y
- -38.34%
- 3Y*
- 11.57%
- 5Y*
- 9.25%
- 10Y*
- 10.39%
SXR8.DE
- 1D
- -0.15%
- 1M
- 5.22%
- YTD
- 11.37%
- 6M
- 11.42%
- 1Y
- 25.63%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
SAP.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP.DE SAP SE | -19.71% | -11.03% | 71.56% | 47.17% | -20.70% | 18.44% | -9.59% | 40.27% | -5.61% | 14.35% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between SAP.DE and SXR8.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 28, 2010 | 0.53 |
The correlation between SAP.DE and SXR8.DE shifts across timeframes, from 0.41 (1 year) to 0.55 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SAP.DE vs. SXR8.DE — Risk / Return Rank
SAP.DE
SXR8.DE
SAP.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). 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.
| SAP.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.41 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.41 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.58 | -4.36 |
| Martin ratioReturn relative to average drawdown | -1.34 | 12.71 | -14.05 |
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
| SAP.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 2.21 | -3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.96 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.92 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.79 | -0.59 |
Drawdowns
SAP.DE vs. SXR8.DE - Drawdown Comparison
The maximum SAP.DE drawdown since its inception was -85.30%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SAP.DE and SXR8.DE.
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Drawdown Indicators
| SAP.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -33.78% | -51.52% |
Max Drawdown (1Y)Largest decline over 1 year | -49.12% | -7.13% | -41.99% |
Max Drawdown (3Y)Largest decline over 3 years | -50.12% | -23.32% | -26.80% |
Max Drawdown (5Y)Largest decline over 5 years | -50.12% | -23.32% | -26.80% |
Max Drawdown (10Y)Largest decline over 10 years | -50.12% | -33.78% | -16.34% |
Current DrawdownCurrent decline from peak | -39.78% | -0.45% | -39.33% |
Average DrawdownAverage peak-to-trough decline | -28.88% | -5.17% | -23.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.57% | 2.01% | +26.56% |
Volatility
SAP.DE vs. SXR8.DE - Volatility Comparison
SAP SE (SAP.DE) has a higher volatility of 15.55% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that SAP.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 2.65% | +12.90% |
Volatility (6M)Calculated over the trailing 6-month period | 32.27% | 7.57% | +24.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.72% | 11.56% | +25.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.33% | 15.16% | +12.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.55% | 16.09% | +10.46% |
Dividends
SAP.DE vs. SXR8.DE - Dividend Comparison
SAP.DE's dividend yield for the trailing twelve months is around 1.52%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAP.DE SAP SE | 1.52% | 1.13% | 0.93% | 1.47% | 2.54% | 1.48% | 1.47% | 1.25% | 1.61% | 1.34% | 1.39% | 1.50% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 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
SAP.DE and SXR8.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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