^SSMI vs. ABBNY
^SSMI (Swiss Market Index) is an index, while ABBNY (ABB Ltd) is a stock. Over the past 10 years, ^SSMI returned 5.98%/yr vs 19.98%/yr for ABBNY. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
^SSMI vs. ABBNY - Performance Comparison
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Different Trading Currencies
^SSMI is traded in CHF, while ABBNY is traded in USD. To make them comparable, the ABBNY values have been converted to CHF using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^SSMI achieves a 4.38% return, which is significantly lower than ABBNY's 48.49% return. Over the past 10 years, ^SSMI has underperformed ABBNY with an annualized return of 5.98%, while ABBNY has yielded a comparatively higher 19.98% annualized return.
^SSMI
- 1D
- 0.00%
- 1M
- 2.56%
- YTD
- 4.38%
- 6M
- 4.57%
- 1Y
- 16.82%
- 3Y*
- 7.26%
- 5Y*
- 2.92%
- 10Y*
- 5.98%
ABBNY
- 1D
- -3.19%
- 1M
- 2.84%
- YTD
- 48.49%
- 6M
- 47.20%
- 1Y
- 87.98%
- 3Y*
- 38.54%
- 5Y*
- 24.91%
- 10Y*
- 19.98%
^SSMI vs. ABBNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SSMI Swiss Market Index | 4.38% | 14.37% | 4.16% | 3.81% | -16.67% | 20.29% | 0.82% | 25.95% | -10.15% | 14.14% |
ABBNY ABB Ltd | 48.49% | 22.75% | 33.50% | 36.23% | -17.01% | 44.54% | 10.99% | 29.63% | -25.80% | 26.09% |
Correlation
The correlation between ^SSMI and ABBNY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2007 | 0.53 |
The correlation between ^SSMI and ABBNY shifts across timeframes, from 0.39 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^SSMI vs. ABBNY — Risk / Return Rank
^SSMI
ABBNY
^SSMI vs. ABBNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Swiss Market Index (^SSMI) and ABB Ltd (ABBNY). 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.
| ^SSMI | ABBNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.53 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 7.13 | -5.72 |
| Martin ratioReturn relative to average drawdown | 4.56 | 26.97 | -22.41 |
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Drawdowns
^SSMI vs. ABBNY - Drawdown Comparison
The maximum ^SSMI drawdown since its inception was -56.31%, smaller than the maximum ABBNY drawdown of -68.83%. Use the drawdown chart below to compare losses from any high point for ^SSMI and ABBNY.
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Drawdown Indicators
| ^SSMI | ABBNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -68.83% | +12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -12.41% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.31% | -24.76% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.34% | -30.73% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -27.54% | -41.97% | +14.43% |
Current DrawdownCurrent decline from peak | -1.18% | -3.19% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -21.77% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.27% | +0.44% |
Volatility
^SSMI vs. ABBNY - Volatility Comparison
The current volatility for Swiss Market Index (^SSMI) is 3.13%, while ABB Ltd (ABBNY) has a volatility of 10.81%. This indicates that ^SSMI experiences smaller price fluctuations and is considered to be less risky than ABBNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SSMI | ABBNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 10.81% | -7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 23.77% | -14.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 29.06% | -17.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 25.13% | -11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 25.06% | -10.85% |
Frequently Asked Questions
^SSMI and ABBNY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABBNY has higher volatility (10.81%) compared to ^SSMI (3.13%). In terms of maximum drawdown, ^SSMI dropped -56.31% vs ABBNY's -68.83%.
ABBNY currently has the higher Sharpe Ratio (3.05 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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