TLX.DE vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Talanx AG (TLX.DE) and S&P 500 Index (^GSPC).

Performance

TLX.DE vs. ^GSPC - Performance Comparison

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

TLX.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TLX.DE Talanx AG	-3.60%	42.18%	31.37%	52.71%	8.62%	39.61%	-24.76%	54.54%	-9.07%	11.56%
^GSPC S&P 500 Index	-2.10%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

TLX.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

In the year-to-date period, TLX.DE achieves a -3.60% return, which is significantly lower than ^GSPC's -2.47% return. Over the past 10 years, TLX.DE has outperformed ^GSPC with an annualized return of 18.57%, while ^GSPC has yielded a comparatively lower 12.10% annualized return.

TLX.DE

• 1D: 1.11%
• 1M: 6.92%
• YTD: -3.60%
• 6M: -1.70%
• 1Y: 14.89%
• 3Y*: 41.96%
• 5Y*: 29.62%
• 10Y*: 18.57%

^GSPC

• 1D: 0.00%
• 1M: -3.17%
• YTD: -2.47%
• 6M: -0.80%
• 1Y: 8.54%
• 3Y*: 14.53%
• 5Y*: 10.74%
• 10Y*: 12.10%

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

Return for Risk

TLX.DE vs. ^GSPC — Risk / Return Rank

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

TLX.DE

TLX.DE Risk / Return Rank: 56
TLX.DE Sharpe Ratio Rank: 59
TLX.DE Sortino Ratio Rank: 53
TLX.DE Omega Ratio Rank: 51
TLX.DE Calmar Ratio Rank: 60
TLX.DE Martin Ratio Rank: 56

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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.

TLX.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Talanx AG (TLX.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.

	TLX.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.56	0.41	+0.15
Sortino ratio Return per unit of downside risk	0.98	0.71	+0.27
Omega ratio Gain probability vs. loss probability	1.12	1.11	+0.01
Calmar ratio Return relative to maximum drawdown	0.93	0.62	+0.31
Martin ratio Return relative to average drawdown	1.75	2.56	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLX.DE vs. ^GSPC - Sharpe Ratio Comparison

The current TLX.DE Sharpe Ratio is 0.56, which is higher than the ^GSPC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of TLX.DE 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

	TLX.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.41	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	0.64	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.65	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.45	+0.33

Correlation

The correlation between TLX.DE and ^GSPC is 0.27, 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

TLX.DE vs. ^GSPC - Drawdown Comparison

The maximum TLX.DE drawdown since its inception was -53.74%, roughly equal to the maximum ^GSPC drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for TLX.DE and ^GSPC.

Drawdown Indicators

	TLX.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-53.74%	-56.78%	+3.04%
Max Drawdown (1Y) Largest decline over 1 year	-18.11%	-9.10%	-9.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-25.43%	+4.21%
Max Drawdown (10Y) Largest decline over 10 years	-53.74%	-33.92%	-19.82%
Current Drawdown Current decline from peak	-11.32%	-5.67%	-5.65%
Average Drawdown Average peak-to-trough decline	-8.13%	-10.75%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.59%	2.62%	+6.97%

Volatility

TLX.DE vs. ^GSPC - Volatility Comparison

Talanx AG (TLX.DE) has a higher volatility of 9.15% compared to S&P 500 Index (^GSPC) at 4.36%. This indicates that TLX.DE'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

	TLX.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	4.36%	+4.79%
Volatility (6M) Calculated over the trailing 6-month period	16.35%	9.93%	+6.42%
Volatility (1Y) Calculated over the trailing 1-year period	26.38%	20.68%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.12%	16.80%	+6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.82%	18.63%	+6.19%