^SSMI vs. SPY
Compare and contrast key facts about Swiss Market Index (^SSMI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SSMI or SPY.
Correlation
The correlation between ^SSMI and SPY is 0.32, 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.
Performance
^SSMI vs. SPY - Performance Comparison
Key characteristics
^SSMI:
0.28
SPY:
2.25
^SSMI:
0.45
SPY:
2.99
^SSMI:
1.06
SPY:
1.42
^SSMI:
0.22
SPY:
3.34
^SSMI:
1.03
SPY:
14.72
^SSMI:
3.10%
SPY:
1.90%
^SSMI:
11.56%
SPY:
12.45%
^SSMI:
-56.31%
SPY:
-55.19%
^SSMI:
-11.43%
SPY:
-0.73%
Returns By Period
In the year-to-date period, ^SSMI achieves a 3.15% return, which is significantly lower than SPY's 28.14% return. Over the past 10 years, ^SSMI has underperformed SPY with an annualized return of 2.44%, while SPY has yielded a comparatively higher 13.14% annualized return.
^SSMI
3.15%
-1.24%
-4.30%
3.37%
1.37%
2.44%
SPY
28.14%
0.45%
10.77%
27.82%
15.01%
13.14%
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Risk-Adjusted Performance
^SSMI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Swiss Market Index (^SSMI) and SPDR S&P 500 ETF (SPY). 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.
Drawdowns
^SSMI vs. SPY - Drawdown Comparison
The maximum ^SSMI drawdown since its inception was -56.31%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SSMI and SPY. For additional features, visit the drawdowns tool.
Volatility
^SSMI vs. SPY - Volatility Comparison
The current volatility for Swiss Market Index (^SSMI) is 3.32%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.93%. This indicates that ^SSMI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.