VUSA.MI vs. ^GSPC
VUSA.MI (Vanguard S&P 500 UCITS ETF) is S&P 500 fund tracking the S&P 500 Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, VUSA.MI returned 14.76%/yr vs 13.43%/yr for ^GSPC. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
VUSA.MI vs. ^GSPC - Performance Comparison
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Different Trading Currencies
VUSA.MI 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, VUSA.MI achieves a 11.33% return, which is significantly lower than ^GSPC's 12.06% return.
VUSA.MI
- 1D
- -0.12%
- 1M
- 5.18%
- YTD
- 11.33%
- 6M
- 11.48%
- 1Y
- 25.64%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 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%
VUSA.MI vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUSA.MI Vanguard S&P 500 UCITS ETF | 11.33% | 4.38% | 33.56% | 22.33% | -14.74% | 40.98% | 7.47% | 24.35% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 22.61% |
Correlation
The correlation between VUSA.MI and ^GSPC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.59 |
The correlation between VUSA.MI and ^GSPC has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
VUSA.MI vs. ^GSPC — Risk / Return Rank
VUSA.MI
^GSPC
VUSA.MI vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.MI) 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.
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.30 | +0.28 |
| Martin ratioReturn relative to average drawdown | 12.69 | 12.34 | +0.35 |
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
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.04 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.80 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.51 | +0.45 |
Drawdowns
VUSA.MI vs. ^GSPC - Drawdown Comparison
The maximum VUSA.MI drawdown since its inception was -33.68%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for VUSA.MI and ^GSPC.
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Drawdown Indicators
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.68% | -51.62% | +17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -7.57% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -23.99% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.11% | -23.99% | +0.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.20% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -9.08% | +4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.02% | 0.00% |
Volatility
VUSA.MI vs. ^GSPC - Volatility Comparison
Vanguard S&P 500 UCITS ETF (VUSA.MI) has a higher volatility of 2.64% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that VUSA.MI'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
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 2.24% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 8.62% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 12.29% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.79% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 18.59% | -1.66% |
Frequently Asked Questions
VUSA.MI and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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