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 13.91%/yr vs 12.53%/yr for ^GSPC. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
VUSA.MI vs. ^GSPC - Performance Comparison
Loading charts...
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
The year-to-date returns for both investments are quite close, with VUSA.MI having a 10.77% return and ^GSPC slightly higher at 11.08%.
VUSA.MI
- 1D
- -0.86%
- 1M
- 0.25%
- YTD
- 10.77%
- 6M
- 11.16%
- 1Y
- 24.83%
- 3Y*
- 18.95%
- 5Y*
- 13.91%
- 10Y*
- —
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
VUSA.MI vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUSA.MI Vanguard S&P 500 UCITS ETF | 10.77% | 4.38% | 33.56% | 22.33% | -14.75% | 40.98% | 7.47% | 25.81% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 24.49% |
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 18, 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.17 | +0.31 |
| Martin ratioReturn relative to average drawdown | 12.16 | 11.71 | +0.45 |
Loading charts...
Drawdowns
VUSA.MI vs. ^GSPC - Drawdown Comparison
The maximum VUSA.MI drawdown since its inception was -33.67%, 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.
Loading charts...
Drawdown Indicators
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -51.62% | +17.95% |
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 | -0.93% | -1.08% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -9.08% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.04% | 0.00% |
Volatility
VUSA.MI vs. ^GSPC - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS ETF (VUSA.MI) is 3.36%, while S&P 500 Index (^GSPC) has a volatility of 3.97%. This indicates that VUSA.MI 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.
Loading charts...
Volatility by Period
| VUSA.MI | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.97% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 9.16% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 12.60% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 16.86% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 18.61% | -1.70% |
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.
Find the right allocation for VUSA.MI and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer