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Performance
Performance Chart
The chart shows the growth of an initial investment of CHF 10,000 in Swiss Market Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
^SSMI is traded in CHF, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CHF using the latest available exchange rates.
Returns By Period
Swiss Market Index (^SSMI) has returned -3.70% so far this year and 1.42% over the past 12 months. Over the last ten years, ^SSMI has returned 5.21% per year, falling short of the S&P 500 Index benchmark, which averaged 10.13% annually.
Swiss Market Index
- 1D
- 0.85%
- 1M
- -8.83%
- YTD
- -3.70%
- 6M
- 5.51%
- 1Y
- 1.42%
- 3Y*
- 4.78%
- 5Y*
- 2.82%
- 10Y*
- 5.21%
Benchmark (S&P 500 Index)
- 1D
- 2.82%
- 1M
- -1.46%
- YTD
- -4.10%
- 6M
- -2.08%
- 1Y
- 4.96%
- 3Y*
- 11.47%
- 5Y*
- 6.59%
- 10Y*
- 10.13%
Monthly Returns
Based on dividend-adjusted daily data since Jan 4, 1988, ^SSMI's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, your investment would double in approximately 9.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 1990 with a return of +14.0%, 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 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, while the worst single day was Oct 16, 1989 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.60% | 6.26% | -8.83% | -3.70% | |||||||||
| 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% | 3.09% | 5.10% | 1.46% | 2.43% | -6.19% | 4.00% | 0.43% | 5.89% | 20.29% |
Benchmark Metrics
Swiss Market Index has an annualized alpha of -0.08%, beta of 0.39, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since January 05, 1988.
- This index participated in 66.80% of S&P 500 Index downside but only 50.39% 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
- -0.08%
- Beta
- 0.39
- R²
- 0.27
- Upside Capture
- 50.39%
- Downside Capture
- 66.80%
Return for Risk
Risk / Return Rank
^SSMI ranks 16 for risk / return — in the bottom 16% of indices on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Swiss Market Index (^SSMI) and compare them to a chosen benchmark (S&P 500 Index).
| ^SSMI | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.10 | 0.22 | -0.12 |
Sortino ratioReturn per unit of downside risk | 0.22 | 0.46 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.37 | -0.46 |
Martin ratioReturn relative to average drawdown | -0.25 | 1.39 | -1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore ^SSMI risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 8.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.31% | Jul 22, 1998 | 1171 | Mar 12, 2003 | 896 | Sep 27, 2006 | 2067 |
| -54.81% | Jun 4, 2007 | 443 | Mar 9, 2009 | 2217 | Jan 5, 2018 | 2660 |
| -32.59% | Aug 29, 1989 | 336 | Jan 14, 1991 | 326 | May 5, 1992 | 662 |
| -27.54% | Feb 20, 2020 | 23 | Mar 23, 2020 | 293 | May 25, 2021 | 316 |
| -22.91% | Feb 1, 1994 | 280 | Mar 13, 1995 | 174 | Nov 20, 1995 | 454 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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