Highlights
- Avg. Volume (1M)
- 22M
- Avg. Volume Value (1M)
- CHF 309.05B
Share Price Chart
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Performance
^SSMI Performance Chart
Swiss Market Index (^SSMI) is up 8.5% since the beginning of the year. ^SSMI is currently trading at CHF 14,392 per share. Investors who bought CHF 1,000 worth of ^SSMI shares 5 years ago would now be looking at an investment worth CHF 1,188.
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Returns By Period
Swiss Market Index (^SSMI) has returned 8.48% so far this year and 21.60% over the past 12 months. Over the last ten years, ^SSMI has returned 6.03% per year, falling short of the S&P 500 Index benchmark, which averaged 11.26% annually.
Swiss Market Index
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 9.13%
- YTD
- 8.48%
- 1Y
- 21.60%
- 3Y*
- 8.37%
- 5Y*
- 3.50%
- 10Y*
- 6.03%
- ALL TIME*
- 6.79%
Benchmark (S&P 500 Index)
- 1D
- 0.93%
- 1M
- 0.51%
- 6M
- 12.72%
- YTD
- 11.29%
- 1Y
- 20.59%
- 3Y*
- 14.69%
- 5Y*
- 8.72%
- 10Y*
- 11.26%
- ALL TIME*
- 6.95%
^SSMI Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 1990, ^SSMI's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 1998 with a return of +13.7%, while the worst month was Aug 1998 at -18.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ^SSMI closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, while the worst single day was Mar 12, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.60% | 6.26% | -8.83% | 2.81% | 3.09% | 4.81% | 1.40% | 8.48% | |||||
| 2025 | 8.59% | 3.23% | -3.12% | -3.82% | 0.91% | -2.50% | -0.72% | 2.97% | -0.64% | 1.03% | 4.90% | 3.38% | 14.37% |
| 2024 | 1.76% | 0.93% | 2.55% | -4.00% | 6.57% | -0.06% | 2.70% | 0.97% | -2.15% | -3.09% | -0.24% | -1.39% | 4.16% |
| 2023 | 5.19% | -1.66% | 0.07% | 2.98% | -1.92% | 0.56% | 0.26% | -1.62% | -1.46% | -5.22% | 4.46% | 2.61% | 3.81% |
| 2022 | -5.04% | -1.96% | 1.46% | -0.27% | -4.27% | -7.49% | 3.77% | -2.61% | -5.41% | 5.46% | 2.77% | -3.58% | -16.67% |
| 2021 | -1.05% | -0.65% | 4.99% | -0.23% | 3.66% | 4.52% | 1.46% | 2.43% | -6.19% | 4.00% | 0.43% | 5.89% | 20.29% |
Benchmark Metrics
Swiss Market Index has an annualized alpha of 0.29%, beta of 0.39, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since November 09, 1990.
- This index participated in 66.88% of S&P 500 Index downside but only 50.72% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.39 may look defensive, but with R2 of 0.27 this index is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
- R2 of 0.27 means this index moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.29%
- Beta
- 0.39
- R²
- 0.27
- Upside Capture
- 50.72%
- Downside Capture
- 66.88%
Return for Risk
Risk / Return Rank
^SSMI ranks 69 for risk / return — above 69% of indices peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Swiss Market Index (^SSMI) and compare them to S&P 500 Index.
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.
| ^SSMI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.89 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.92 | 6.30 | -0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Swiss Market Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Swiss Market Index was 56.31%, occurring on Mar 12, 2003. Recovery took 896 trading sessions.
The current Swiss Market Index drawdown is 1.23%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-56.31%Mar 2003 | 4y 7mo | 3y 6mo | 8y 2moJul 1998 - Sep 2006 | — |
-54.81%Mar 2009 | 1y 9mo | 8y 10mo | 10y 7moJun 2007 - Jan 2018 | Financial crisis2007–2009 |
-27.54%Mar 2020 | 1mo 2d | 1y 2mo | 1y 3moFeb 2020 - May 2021 | COVID crash2020 |
-22.91%Mar 1995 | 1y 1mo | 8mo 12d | 1y 9moFeb 1994 - Nov 1995 | — |
-22.34%Sep 2022 | 9mo 1d | 2y 5mo | 3y 1moDec 2021 - Feb 2025 | Bear market2022 |
Drawdown Indicators
| ^SSMI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -54.84% | -1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -9.21% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.31% | -24.92% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.34% | -24.92% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -27.54% | -33.88% | +6.34% |
Current DrawdownCurrent decline from peak | -1.23% | -1.31% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -12.74% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 2.77% | +0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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