U10G.L vs. ^GSPC
U10G.L (Amundi US Treasury Bond 10+Y UCITS ETF Dist) is Government Bonds fund tracking the Bloomberg US Long Treasury Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, U10G.L returned -2.16%/yr vs 12.96%/yr for ^GSPC. At a correlation of -0.07, they often move in opposite directions.
Performance
U10G.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
U10G.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, U10G.L achieves a -1.46% return, which is significantly lower than ^GSPC's 10.02% return. Over the past 10 years, U10G.L has underperformed ^GSPC with an annualized return of -2.16%, while ^GSPC has yielded a comparatively higher 12.96% annualized return.
U10G.L
- 1D
- 0.88%
- 1M
- -1.86%
- 6M
- -1.88%
- YTD
- -1.46%
- 1Y
- 0.29%
- 3Y*
- -2.90%
- 5Y*
- -6.55%
- 10Y*
- -2.16%
^GSPC
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 7.74%
- YTD
- 10.02%
- 1Y
- 19.10%
- 3Y*
- 16.96%
- 5Y*
- 12.20%
- 10Y*
- 12.96%
U10G.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | -1.46% | -5.06% | -4.15% | -3.04% | -20.31% | -3.63% | 12.61% | 11.28% | 4.25% | -1.39% |
^GSPC S&P 500 Index | 9.10% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between U10G.L and ^GSPC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2010 | -0.07 |
The correlation between U10G.L and ^GSPC shifts across timeframes, from -0.07 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
U10G.L vs. ^GSPC — Risk / Return Rank
U10G.L
^GSPC
U10G.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) 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.
| U10G.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 2.39 | -2.36 |
| Martin ratioReturn relative to average drawdown | 0.05 | 8.68 | -8.63 |
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Drawdowns
U10G.L vs. ^GSPC - Drawdown Comparison
The maximum U10G.L drawdown since its inception was -46.23%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for U10G.L and ^GSPC.
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Drawdown Indicators
| U10G.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.23% | -37.07% | -9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -8.03% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -15.14% | -22.15% | +7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -35.82% | -22.15% | -13.67% |
Max Drawdown (10Y)Largest decline over 10 years | -46.23% | -26.01% | -20.22% |
Current DrawdownCurrent decline from peak | -44.71% | -1.55% | -43.16% |
Average DrawdownAverage peak-to-trough decline | -21.10% | -5.29% | -15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 2.20% | +3.81% |
Volatility
U10G.L vs. ^GSPC - Volatility Comparison
The current volatility for Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) is 2.70%, while S&P 500 Index (^GSPC) has a volatility of 2.89%. This indicates that U10G.L 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
| U10G.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.89% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 8.97% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 12.03% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 15.96% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 18.05% | -3.20% |
Frequently Asked Questions
U10G.L and ^GSPC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for U10G.L and ^GSPC
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