V3MA.DE vs. ^GSPC
V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) is Emerging Markets Equities fund tracking the FTSE Emerging All Cap Choice, while ^GSPC (S&P 500 Index) is an index. Over the past year, V3MA.DE returned 31.20% vs 24.89% for ^GSPC. At a 0.44 correlation, their price movements are largely independent.
Performance
V3MA.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
V3MA.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, V3MA.DE achieves a 16.20% return, which is significantly higher than ^GSPC's 12.06% return.
V3MA.DE
- 1D
- -0.58%
- 1M
- 3.08%
- YTD
- 16.20%
- 6M
- 17.26%
- 1Y
- 31.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
V3MA.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating | 16.20% | 10.67% | 1.36% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 7.51% |
Correlation
The correlation between V3MA.DE and ^GSPC is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.44 |
The correlation between V3MA.DE and ^GSPC has been stable across timeframes, ranging from 0.44 to 0.54 - a consistent structural relationship.
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Return for Risk
V3MA.DE vs. ^GSPC — Risk / Return Rank
V3MA.DE
^GSPC
V3MA.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.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.
| V3MA.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 3.30 | +0.15 |
| Martin ratioReturn relative to average drawdown | 11.63 | 12.34 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| V3MA.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.04 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.51 | +0.61 |
Drawdowns
V3MA.DE vs. ^GSPC - Drawdown Comparison
The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and ^GSPC.
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Drawdown Indicators
| V3MA.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -51.62% | +31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -7.57% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.50% | -0.20% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -9.08% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.02% | +0.66% |
Volatility
V3MA.DE vs. ^GSPC - Volatility Comparison
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) has a higher volatility of 5.43% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that V3MA.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.
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Volatility by Period
| V3MA.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 2.24% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 8.62% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 12.29% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.79% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 18.59% | -1.76% |
Frequently Asked Questions
V3MA.DE and ^GSPC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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