SPGI vs. ASR

Last updated Jun 13, 2026

SPGI (S&P Global Inc.) and ASR (Grupo Aeroportuario del Sureste, S. A. B. de C. V.) are both stocks. SPGI operates in Financial Data & Stock Exchanges (Financial Services), while ASR operates in Airports & Air Services (Industrials). Over the past 10 years, SPGI returned 15.70%/yr vs 10.32%/yr for ASR. At a 0.24 correlation, their price movements are largely independent.

Performance

SPGI vs. ASR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P Global Inc. (SPGI) and Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPGI achieves a -19.47% return, which is significantly lower than ASR's -9.55% return. Over the past 10 years, SPGI has outperformed ASR with an annualized return of 15.70%, while ASR has yielded a comparatively lower 10.32% annualized return.

SPGI

• 1D: 1.35%
• 1M: 3.28%
• YTD: -19.47%
• 6M: -16.00%
• 1Y: -16.50%
• 3Y*: 3.19%
• 5Y*: 2.16%
• 10Y*: 15.70%

ASR

• 1D: 1.07%
• 1M: -4.15%
• YTD: -9.55%
• 6M: -8.65%
• 1Y: -3.36%
• 3Y*: 6.19%
• 5Y*: 14.67%
• 10Y*: 10.32%

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

SPGI vs. ASR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPGI S&P Global Inc.	-19.47%	5.71%	13.94%	32.79%	-28.38%	44.68%	21.40%	62.27%	1.37%	59.32%
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	-9.55%	42.19%	-9.20%	32.09%	16.98%	27.81%	-11.99%	28.79%	-15.64%	26.89%

Correlation

The correlation between SPGI and ASR is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.24

Over the past year, the correlation between SPGI and ASR has dropped to 0.04 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Fundamentals

Market Cap SPGI : $124.67B ASR : $8.61B
EPS SPGI : $15.79 ASR : MX$327.81
PE Ratio SPGI : 26.53 ASR : 15.10
PEG Ratio SPGI : 3.47 ASR : 0.76
PS Ratio SPGI : 8.06 ASR : 3.96
PB Ratio SPGI : 3.98 ASR : 3.54
Total Revenue (TTM) SPGI : $15.73B ASR : MX$37.47B
Gross Profit (TTM) SPGI : $8.15B ASR : MX$21.16B
EBITDA (TTM) SPGI : $7.83B ASR : MX$18.53B

Return for Risk

SPGI vs. ASR — Risk / Return Rank

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

SPGI

SPGI Risk / Return Rank: 19
SPGI Sharpe Ratio Rank: 17
SPGI Sortino Ratio Rank: 18
SPGI Omega Ratio Rank: 17
SPGI Calmar Ratio Rank: 24
SPGI Martin Ratio Rank: 22

ASR

ASR Risk / Return Rank: 36
ASR Sharpe Ratio Rank: 37
ASR Sortino Ratio Rank: 32
ASR Omega Ratio Rank: 32
ASR Calmar Ratio Rank: 39
ASR Martin Ratio Rank: 38

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.

SPGI vs. ASR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) and Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR). 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.

	SPGI	ASR	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.13	-0.47
Sortino ratio: Return per unit of downside risk	-0.63	-0.00	-0.63
Omega ratio: Gain probability vs. loss probability	0.91	1.00	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.54	-0.13	-0.41
Martin ratio: Return relative to average drawdown	-1.03	-0.33	-0.70

SPGI vs. ASR - Sharpe Ratio Comparison

The current SPGI Sharpe Ratio is -0.60, which is lower than the ASR Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of SPGI and ASR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPGI vs. ASR - Drawdown Comparison

The maximum SPGI drawdown since its inception was -74.67%, which is greater than ASR's maximum drawdown of -61.33%. Use the drawdown chart below to compare losses from any high point for SPGI and ASR.

Drawdown Indicators

	SPGI	ASR	Difference
Max Drawdown Largest peak-to-trough decline	-74.67%	-61.33%	-13.34%
Max Drawdown (1Y) Largest decline over 1 year	-30.48%	-26.13%	-4.35%
Max Drawdown (3Y) Largest decline over 3 years	-30.48%	-33.81%	+3.33%
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	-35.28%	-4.48%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-61.33%	+21.57%
Current Drawdown Current decline from peak	-25.12%	-23.25%	-1.87%
Average Drawdown Average peak-to-trough decline	-15.23%	-14.45%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.07%	10.30%	+5.77%

Volatility

SPGI vs. ASR - Volatility Comparison

The current volatility for S&P Global Inc. (SPGI) is 7.62%, while Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) has a volatility of 8.54%. This indicates that SPGI experiences smaller price fluctuations and is considered to be less risky than ASR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGI	ASR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	8.54%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	24.13%	21.56%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	27.63%	26.10%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.51%	32.53%	-8.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.03%	34.82%	-8.79%

Dividends

SPGI vs. ASR - Dividend Comparison

SPGI's dividend yield for the trailing twelve months is around 0.92%, less than ASR's 7.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	7.64%	12.61%	4.68%	3.86%	3.18%	2.00%	0.00%	2.80%	2.29%	0.05%	0.05%	0.52%
SPGI S&P Global Inc.	0.92%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%

Financials

SPGI vs. ASR - Profitability Comparison

The chart below illustrates the profitability comparison between S&P Global Inc. and Grupo Aeroportuario del Sureste, S. A. B. de C. V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.

ASR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Sureste, S. A. B. de C. V. reported a gross profit of 4.86B and revenue of 9.02B. Therefore, the gross margin over that period was 53.9%.

SPGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.

ASR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Sureste, S. A. B. de C. V. reported an operating income of 4.77B and revenue of 9.02B, resulting in an operating margin of 52.9%.

SPGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.

ASR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Sureste, S. A. B. de C. V. reported a net income of 2.86B and revenue of 9.02B, resulting in a net margin of 31.8%.

Frequently Asked Questions

Can I hold both SPGI and ASR in my portfolio?

SPGI and ASR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPGI or ASR?

ASR has higher volatility (8.54%) compared to SPGI (7.62%). In terms of maximum drawdown, SPGI dropped -74.67% vs ASR's -61.33%.

Which has better risk-adjusted returns?

ASR currently has the higher Sharpe Ratio (-0.13 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.