SAPGF vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about SAP SE (SAPGF) and S&P 500 Index (^GSPC).

Performance

SAPGF vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SAP SE (SAPGF) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

SAPGF vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAPGF SAP SE	-30.74%	3.55%	61.61%	53.20%	-22.21%	23.04%	1.55%	38.81%	-11.13%	28.84%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, SAPGF achieves a -30.74% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, SAPGF has underperformed ^GSPC with an annualized return of 11.51%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

SAPGF

• 1D: -0.03%
• 1M: -14.61%
• YTD: -30.74%
• 6M: -37.55%
• 1Y: -35.43%
• 3Y*: 13.84%
• 5Y*: 12.13%
• 10Y*: 11.51%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

SAPGF vs. ^GSPC — Risk / Return Rank

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

SAPGF

SAPGF Risk / Return Rank: 7
SAPGF Sharpe Ratio Rank: 4
SAPGF Sortino Ratio Rank: 7
SAPGF Omega Ratio Rank: 7
SAPGF Calmar Ratio Rank: 13
SAPGF Martin Ratio Rank: 4

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

SAPGF vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAPGF) 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.

	SAPGF	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-1.01	0.92	-1.93
Sortino ratio Return per unit of downside risk	-1.34	1.41	-2.76
Omega ratio Gain probability vs. loss probability	0.83	1.21	-0.39
Calmar ratio Return relative to maximum drawdown	-0.76	1.41	-2.18
Martin ratio Return relative to average drawdown	-1.73	6.61	-8.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAPGF vs. ^GSPC - Sharpe Ratio Comparison

The current SAPGF Sharpe Ratio is -1.01, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of SAPGF and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAPGF	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.01	0.92	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.61	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.68	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.46	-0.16

Correlation

The correlation between SAPGF and ^GSPC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

SAPGF vs. ^GSPC - Drawdown Comparison

The maximum SAPGF drawdown since its inception was -48.51%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SAPGF and ^GSPC.

Drawdown Indicators

	SAPGF	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-48.51%	-56.78%	+8.27%
Max Drawdown (1Y) Largest decline over 1 year	-47.00%	-12.14%	-34.86%
Max Drawdown (5Y) Largest decline over 5 years	-47.00%	-25.43%	-21.57%
Max Drawdown (10Y) Largest decline over 10 years	-47.00%	-33.92%	-13.08%
Current Drawdown Current decline from peak	-45.87%	-5.78%	-40.09%
Average Drawdown Average peak-to-trough decline	-12.35%	-10.75%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.69%	2.60%	+18.09%

Volatility

SAPGF vs. ^GSPC - Volatility Comparison

SAP SE (SAPGF) has a higher volatility of 12.98% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that SAPGF'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

	SAPGF	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.98%	5.37%	+7.61%
Volatility (6M) Calculated over the trailing 6-month period	27.63%	9.55%	+18.08%
Volatility (1Y) Calculated over the trailing 1-year period	35.23%	18.33%	+16.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.23%	16.90%	+14.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.83%	18.05%	+12.78%