^SSMI vs. ABBNY

Last updated Aug 1, 2026

^SSMI (Swiss Market Index) is an index, while ABBNY (ABB Ltd) is a stock. Over the past 10 years, ^SSMI returned 6.03%/yr vs 18.00%/yr for ABBNY. Their 0.53 correlation means they have sometimes moved together and sometimes differently.

Performance

^SSMI vs. ABBNY - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in Swiss Market Index (^SSMI) and ABB Ltd (ABBNY). The values are adjusted to include any dividend payments, if applicable.

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 8.48% return, which is significantly lower than ABBNY's 37.62% return. Over the past 10 years, ^SSMI has underperformed ABBNY with an annualized return of 6.03%, while ABBNY has yielded a comparatively higher 18.00% annualized return.

^SSMI

• 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%

ABBNY

• 1D: 0.63%
• 1M: -6.49%
• 6M: 21.23%
• YTD: 37.62%
• 1Y: 55.71%
• 3Y*: 34.29%
• 5Y*: 21.77%
• 10Y*: 18.00%
• ALL TIME*: 7.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
^SSMI Swiss Market Index	CHF 298.38B	CHF 309.05B	CHF 326.46B
ABBNY ABB Ltd	CHF 29.48M	CHF 39.38M	CHF 36.05M

^SSMI vs. ABBNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SSMI Swiss Market Index	8.48%	14.37%	4.16%	3.81%	-16.67%	20.29%	0.82%	25.95%	-10.15%	14.14%
ABBNY ABB Ltd	37.62%	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 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Nov 7, 2007	0.53

Over the past year, the correlation between ^SSMI and ABBNY has dropped to 0.31 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

^SSMI vs. ABBNY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

^SSMI

^SSMI Risk / Return Rank: 72
^SSMI Sharpe Ratio Rank: 84
^SSMI Sortino Ratio Rank: 86
^SSMI Omega Ratio Rank: 89
^SSMI Calmar Ratio Rank: 51
^SSMI Martin Ratio Rank: 50

ABBNY

ABBNY Risk / Return Rank: 88
ABBNY Sharpe Ratio Rank: 88
ABBNY Sortino Ratio Rank: 86
ABBNY Omega Ratio Rank: 84
ABBNY Calmar Ratio Rank: 89
ABBNY Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

^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 ratio: Return per unit of total volatility	1.82	1.76	+0.06
Sortino ratio: Return per unit of downside risk	2.55	2.49	+0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	1.81	3.36	-1.55
Martin ratio: Return relative to average drawdown	5.92	12.31	-6.39

^SSMI vs. ABBNY - Sharpe Ratio Comparison

The current ^SSMI Sharpe Ratio is 1.82, which is comparable to the ABBNY Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ^SSMI and ABBNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

^SSMI vs. ABBNY - Drawdown Comparison

The maximum ^SSMI drawdown since its inception was -56.31%, smaller than the maximum ABBNY drawdown of -68.55%. Use the drawdown chart below to compare losses from any high point for ^SSMI and ABBNY.

Drawdown Indicators

	^SSMI	ABBNY	Difference
Max Drawdown Largest peak-to-trough decline	-56.31%	-68.55%	+12.24%
Max Drawdown (1Y) Largest decline over 1 year	-12.08%	-15.50%	+3.42%
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 Drawdown Current decline from peak	-1.23%	-10.27%	+9.04%
Average Drawdown Average peak-to-trough decline	-14.63%	-21.52%	+6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	4.22%	-0.54%

Volatility

^SSMI vs. ABBNY - Volatility Comparison

The current volatility for Swiss Market Index (^SSMI) is 2.80%, while ABB Ltd (ABBNY) has a volatility of 11.62%. 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.

Volatility by Period

	^SSMI	ABBNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	11.62%	-8.82%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	24.10%	-14.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	29.60%	-17.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	25.60%	-12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.16%	25.28%	-11.12%

Frequently Asked Questions

Can I hold both ^SSMI and ABBNY in my portfolio?

^SSMI and ABBNY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^SSMI or ABBNY?

ABBNY has higher volatility (11.62%) compared to ^SSMI (2.80%). In terms of maximum drawdown, ^SSMI dropped -56.31% vs ABBNY's -68.55%.

Which has better risk-adjusted returns?

^SSMI currently has the higher Sharpe Ratio (1.82 vs 1.76), 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.