VOOL.DE vs. ^GSPC
VOOL.DE (Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc) is Volatility fund tracking the S&P 500 VIX Futures Roll Enhanced TR, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, VOOL.DE returned -25.88%/yr vs 12.86%/yr for ^GSPC. At a correlation of -0.28, they often move in opposite directions.
Performance
VOOL.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
VOOL.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, VOOL.DE achieves a -3.23% return, which is significantly lower than ^GSPC's 12.95% return. Over the past 10 years, VOOL.DE has underperformed ^GSPC with an annualized return of -25.88%, while ^GSPC has yielded a comparatively higher 12.86% annualized return.
VOOL.DE
- 1D
- 2.08%
- 1M
- -3.16%
- 6M
- -3.15%
- YTD
- -3.23%
- 1Y
- -21.43%
- 3Y*
- -23.73%
- 5Y*
- -27.65%
- 10Y*
- -25.88%
^GSPC
- 1D
- 0.00%
- 1M
- 2.03%
- 6M
- 10.02%
- YTD
- 12.95%
- 1Y
- 21.20%
- 3Y*
- 17.51%
- 5Y*
- 12.42%
- 10Y*
- 12.86%
VOOL.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOOL.DE Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc | -3.23% | -25.96% | -26.27% | -52.36% | -7.72% | -38.81% | 42.40% | -35.35% | 30.62% | -63.77% |
^GSPC S&P 500 Index | 11.87% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between VOOL.DE and ^GSPC is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2012 | -0.28 |
The correlation between VOOL.DE and ^GSPC shifts across timeframes, from -0.39 (1 year) to -0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VOOL.DE vs. ^GSPC — Risk / Return Rank
VOOL.DE
^GSPC
VOOL.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.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.
| VOOL.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.31 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.81 | -3.70 |
| Martin ratioReturn relative to average drawdown | -1.46 | 10.39 | -11.86 |
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Drawdowns
VOOL.DE vs. ^GSPC - Drawdown Comparison
The maximum VOOL.DE drawdown since its inception was -98.74%, which is greater than ^GSPC's maximum drawdown of -50.84%. Use the drawdown chart below to compare losses from any high point for VOOL.DE and ^GSPC.
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Drawdown Indicators
| VOOL.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.74% | -50.84% | -47.90% |
Max Drawdown (1Y)Largest decline over 1 year | -24.05% | -7.57% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -63.75% | -23.99% | -39.76% |
Max Drawdown (5Y)Largest decline over 5 years | -83.01% | -23.99% | -59.02% |
Max Drawdown (10Y)Largest decline over 10 years | -95.24% | -33.42% | -61.82% |
Current DrawdownCurrent decline from peak | -98.72% | -0.80% | -97.92% |
Average DrawdownAverage peak-to-trough decline | -83.46% | -8.77% | -74.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.65% | 2.05% | +12.60% |
Volatility
VOOL.DE vs. ^GSPC - Volatility Comparison
Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) has a higher volatility of 4.29% compared to S&P 500 Index (^GSPC) at 2.61%. This indicates that VOOL.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
| VOOL.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 2.61% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 20.71% | 9.16% | +11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 12.61% | +14.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 16.84% | +23.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.08% | 18.60% | +24.48% |
Frequently Asked Questions
VOOL.DE and ^GSPC have a correlation of -0.39, 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 VOOL.DE and ^GSPC
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