^SSEC vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Shanghai Composite (^SSEC) and S&P 500 Index (^GSPC).

Performance

^SSEC vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CN¥10,000 investment in Shanghai Composite (^SSEC) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

^SSEC vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SSEC Shanghai Composite	-1.94%	18.41%	12.67%	-3.70%	-15.13%	4.80%	13.87%	22.30%	-24.59%	6.56%
^GSPC S&P 500 Index	-6.13%	11.51%	26.81%	27.83%	-12.53%	23.53%	8.97%	30.50%	-0.92%	11.91%

Different Trading Currencies

^SSEC is traded in CNY, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CNY using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^SSEC achieves a -1.94% return, which is significantly higher than ^GSPC's -6.13% return. Over the past 10 years, ^SSEC has underperformed ^GSPC with an annualized return of 2.60%, while ^GSPC has yielded a comparatively higher 12.84% annualized return.

^SSEC

• 1D: -0.80%
• 1M: -6.51%
• YTD: -1.94%
• 6M: 0.23%
• 1Y: 16.67%
• 3Y*: 5.94%
• 5Y*: 2.34%
• 10Y*: 2.60%

^GSPC

• 1D: 2.48%
• 1M: -4.75%
• YTD: -6.13%
• 6M: -5.63%
• 1Y: 10.34%
• 3Y*: 16.77%
• 5Y*: 11.23%
• 10Y*: 12.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^SSEC vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SSEC

^SSEC Risk / Return Rank: 74
^SSEC Sharpe Ratio Rank: 83
^SSEC Sortino Ratio Rank: 73
^SSEC Omega Ratio Rank: 82
^SSEC Calmar Ratio Rank: 63
^SSEC Martin Ratio Rank: 70

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SSEC vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shanghai Composite (^SSEC) 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.

	^SSEC	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.25	0.57	+0.68
Sortino ratio Return per unit of downside risk	1.53	0.93	+0.60
Omega ratio Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio Return relative to maximum drawdown	1.40	0.96	+0.44
Martin ratio Return relative to average drawdown	5.40	3.76	+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.

^SSEC vs. ^GSPC - Sharpe Ratio Comparison

The current ^SSEC Sharpe Ratio is 1.25, which is higher than the ^GSPC Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of ^SSEC and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SSEC	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	0.57	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.67	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.72	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.38	-0.07

Correlation

The correlation between ^SSEC and ^GSPC is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

^SSEC vs. ^GSPC - Drawdown Comparison

The maximum ^SSEC drawdown since its inception was -78.27%, which is greater than ^GSPC's maximum drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for ^SSEC and ^GSPC.

Drawdown Indicators

	^SSEC	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-78.27%	-56.78%	-21.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-12.14%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	-27.27%	-25.43%	-1.84%
Max Drawdown (10Y) Largest decline over 10 years	-30.77%	-33.92%	+3.15%
Current Drawdown Current decline from peak	-36.12%	-6.45%	-29.67%
Average Drawdown Average peak-to-trough decline	-39.97%	-10.75%	-29.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.57%	-0.05%

Volatility

^SSEC vs. ^GSPC - Volatility Comparison

Shanghai Composite (^SSEC) has a higher volatility of 5.42% compared to S&P 500 Index (^GSPC) at 5.13%. This indicates that ^SSEC'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.

Volatility by Period

	^SSEC	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	5.13%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	9.35%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	18.35%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	16.93%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	17.94%	-1.64%