SXR4.DE vs. ^GSPC
SXR4.DE (iShares MSCI USA UCITS ETF (Acc)) is Large Cap Blend Equities fund tracking the MSCI USA, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SXR4.DE returned 14.93%/yr vs 13.56%/yr for ^GSPC. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
SXR4.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
SXR4.DE 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
The year-to-date returns for both investments are quite close, with SXR4.DE having a 10.62% return and ^GSPC slightly higher at 11.08%. Over the past 10 years, SXR4.DE has outperformed ^GSPC with an annualized return of 14.93%, while ^GSPC has yielded a comparatively lower 13.56% annualized return.
SXR4.DE
- 1D
- -0.97%
- 1M
- 0.28%
- YTD
- 10.62%
- 6M
- 10.92%
- 1Y
- 24.37%
- 3Y*
- 19.00%
- 5Y*
- 13.33%
- 10Y*
- 14.93%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
SXR4.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR4.DE iShares MSCI USA UCITS ETF (Acc) | 10.62% | 4.62% | 32.33% | 23.44% | -15.85% | 38.32% | 9.25% | 34.28% | -1.46% | 6.54% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between SXR4.DE and ^GSPC is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.60 |
The correlation between SXR4.DE and ^GSPC has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.
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Return for Risk
SXR4.DE vs. ^GSPC — Risk / Return Rank
SXR4.DE
^GSPC
SXR4.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) 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.
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.
| SXR4.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.17 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.38 | 11.71 | -0.34 |
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Drawdowns
SXR4.DE vs. ^GSPC - Drawdown Comparison
The maximum SXR4.DE drawdown since its inception was -34.16%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for SXR4.DE and ^GSPC.
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Drawdown Indicators
| SXR4.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -51.62% | +17.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -7.57% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -23.99% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -23.99% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | -33.42% | -0.74% |
Current DrawdownCurrent decline from peak | -1.00% | -1.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -9.08% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.04% | +0.10% |
Volatility
SXR4.DE vs. ^GSPC - Volatility Comparison
The current volatility for iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) is 3.41%, while S&P 500 Index (^GSPC) has a volatility of 3.97%. This indicates that SXR4.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR4.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.97% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 9.16% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 12.60% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 16.86% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 18.61% | -2.37% |
Frequently Asked Questions
SXR4.DE and ^GSPC have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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