VIE.PA vs. ^GSPC
VIE.PA (Veolia Environnement S.A.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, VIE.PA returned 11.97%/yr vs 12.65%/yr for ^GSPC. At a 0.27 correlation, their price movements are largely independent.
Performance
VIE.PA vs. ^GSPC - Performance Comparison
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Different Trading Currencies
VIE.PA 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, VIE.PA achieves a 30.57% return, which is significantly higher than ^GSPC's 11.89% return. Over the past 10 years, VIE.PA has underperformed ^GSPC with an annualized return of 11.97%, while ^GSPC has yielded a comparatively higher 12.65% annualized return.
VIE.PA
- 1D
- -0.88%
- 1M
- 3.05%
- 6M
- 31.63%
- YTD
- 30.57%
- 1Y
- 28.20%
- 3Y*
- 12.56%
- 5Y*
- 13.85%
- 10Y*
- 11.97%
- ALL TIME*
- 3.37%
^GSPC
- 1D
- 0.01%
- 1M
- -0.35%
- 6M
- 8.98%
- YTD
- 11.89%
- 1Y
- 20.36%
- 3Y*
- 16.94%
- 5Y*
- 12.03%
- 10Y*
- 12.65%
- ALL TIME*
- 10.08%
VIE.PA vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIE.PA Veolia Environnement S.A. | 30.57% | 14.66% | -0.95% | 23.91% | -22.30% | 78.35% | -13.28% | 38.41% | -11.90% | 37.96% |
^GSPC S&P 500 Index | 11.89% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between VIE.PA and ^GSPC is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.27 |
Over the past year, the correlation between VIE.PA and ^GSPC has dropped to 0.03 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
VIE.PA vs. ^GSPC — Risk / Return Rank
VIE.PA
^GSPC
VIE.PA vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veolia Environnement S.A. (VIE.PA) 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.
| VIE.PA | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.70 | -0.64 |
| Martin ratioReturn relative to average drawdown | 5.57 | 9.96 | -4.39 |
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Drawdowns
VIE.PA vs. ^GSPC - Drawdown Comparison
The maximum VIE.PA drawdown since its inception was -85.39%, which is greater than ^GSPC's maximum drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for VIE.PA and ^GSPC.
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Drawdown Indicators
| VIE.PA | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.39% | -50.14% | -35.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -7.57% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.28% | -23.99% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -39.77% | -23.99% | -15.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -33.42% | -10.21% |
Current DrawdownCurrent decline from peak | -0.91% | -1.73% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -42.71% | -8.49% | -34.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 2.05% | +2.82% |
Volatility
VIE.PA vs. ^GSPC - Volatility Comparison
Veolia Environnement S.A. (VIE.PA) has a higher volatility of 5.58% compared to S&P 500 Index (^GSPC) at 2.79%. This indicates that VIE.PA'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
| VIE.PA | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 2.79% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 9.21% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 12.64% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 16.83% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 18.61% | +6.03% |
Frequently Asked Questions
VIE.PA and ^GSPC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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