XAUS.L vs. ^GSPC
XAUS.L (Xtrackers S&P/ASX 200 UCITS ETF 1D) is Australia Equities fund tracking the MSCI Australia NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XAUS.L returned 7.50%/yr vs 13.07%/yr for ^GSPC. At a 0.41 correlation, their price movements are largely independent.
Performance
XAUS.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XAUS.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XAUS.L achieves a 6.54% return, which is significantly lower than ^GSPC's 10.62% return. Over the past 10 years, XAUS.L has underperformed ^GSPC with an annualized return of 7.50%, while ^GSPC has yielded a comparatively higher 13.07% annualized return.
XAUS.L
- 1D
- -0.71%
- 1M
- 0.58%
- 6M
- 6.27%
- YTD
- 6.54%
- 1Y
- 13.95%
- 3Y*
- 10.55%
- 5Y*
- 6.38%
- 10Y*
- 7.50%
^GSPC
- 1D
- -0.14%
- 1M
- 1.54%
- 6M
- 9.26%
- YTD
- 10.62%
- 1Y
- 22.74%
- 3Y*
- 17.94%
- 5Y*
- 12.39%
- 10Y*
- 13.07%
XAUS.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAUS.L Xtrackers S&P/ASX 200 UCITS ETF 1D | 6.54% | 10.21% | 2.65% | 5.67% | 3.27% | 10.57% | 8.17% | 18.33% | -8.48% | 9.71% |
^GSPC S&P 500 Index | 10.62% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between XAUS.L and ^GSPC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2008 | 0.41 |
The correlation between XAUS.L and ^GSPC shifts across timeframes, from 0.30 (3 years) to 0.42 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XAUS.L vs. ^GSPC — Risk / Return Rank
XAUS.L
^GSPC
XAUS.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) 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.
| XAUS.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.84 | -1.39 |
| Martin ratioReturn relative to average drawdown | 4.00 | 10.39 | -6.38 |
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Drawdowns
XAUS.L vs. ^GSPC - Drawdown Comparison
The maximum XAUS.L drawdown since its inception was -75.97%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for XAUS.L and ^GSPC.
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Drawdown Indicators
| XAUS.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.97% | -37.07% | -38.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -8.03% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -22.15% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | -22.15% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -26.01% | -12.30% |
Current DrawdownCurrent decline from peak | -5.58% | -1.02% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -25.01% | -5.30% | -19.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.19% | +1.29% |
Volatility
XAUS.L vs. ^GSPC - Volatility Comparison
The current volatility for Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) is 3.78%, while S&P 500 Index (^GSPC) has a volatility of 4.46%. This indicates that XAUS.L 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.
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Volatility by Period
| XAUS.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.46% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 8.99% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 11.99% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 15.96% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 18.06% | +0.44% |
Frequently Asked Questions
XAUS.L and ^GSPC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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