0QLR.L vs. ^SSMI

Last updated Jul 21, 2026

0QLR.L (Novartis AG) is a stock, while ^SSMI (Swiss Market Index) is an index. Over the past 5 years, 0QLR.L returned 12.27%/yr vs 6.69%/yr for ^SSMI. At a 0.41 correlation, their price movements are largely independent.

Performance

0QLR.L vs. ^SSMI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Novartis AG (0QLR.L) and Swiss Market Index (^SSMI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

0QLR.L is traded in GBP, while ^SSMI is traded in CHF. To make them comparable, the ^SSMI values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0QLR.L achieves a 17.56% return, which is significantly higher than ^SSMI's 6.13% return.

0QLR.L

• 1D: 2.56%
• 1M: 5.66%
• 6M: 11.52%
• YTD: 17.56%
• 1Y: 39.58%
• 3Y*: 16.23%
• 5Y*: 12.27%
• 10Y*: —
• ALL TIME*: 13.16%

^SSMI

• 1D: 0.00%
• 1M: 2.40%
• 6M: 6.43%
• YTD: 6.13%
• 1Y: 18.52%
• 3Y*: 9.45%
• 5Y*: 6.69%
• 10Y*: 7.62%
• ALL TIME*: 7.04%

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

0QLR.L vs. ^SSMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
0QLR.L Novartis AG	17.56%	28.15%	8.95%	4.31%	9.17%	3.88%
^SSMI Swiss Market Index	6.13%	21.67%	-1.63%	8.32%	-8.07%	25.24%

Correlation

The correlation between 0QLR.L and ^SSMI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021	0.41

Return for Risk

0QLR.L vs. ^SSMI — Risk / Return Rank

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

0QLR.L

0QLR.L Risk / Return Rank: 90
0QLR.L Sharpe Ratio Rank: 93
0QLR.L Sortino Ratio Rank: 91
0QLR.L Omega Ratio Rank: 90
0QLR.L Calmar Ratio Rank: 89
0QLR.L Martin Ratio Rank: 89

^SSMI

^SSMI Risk / Return Rank: 64
^SSMI Sharpe Ratio Rank: 75
^SSMI Sortino Ratio Rank: 78
^SSMI Omega Ratio Rank: 81
^SSMI Calmar Ratio Rank: 42
^SSMI Martin Ratio Rank: 40

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.

0QLR.L vs. ^SSMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novartis AG (0QLR.L) and Swiss Market Index (^SSMI). 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.

	0QLR.L	^SSMI	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.42	+0.66
Sortino ratio: Return per unit of downside risk	2.83	2.01	+0.83
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	3.48	1.41	+2.06
Martin ratio: Return relative to average drawdown	9.00	4.07	+4.93

0QLR.L vs. ^SSMI - Sharpe Ratio Comparison

The current 0QLR.L Sharpe Ratio is 2.08, which is higher than the ^SSMI Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of 0QLR.L and ^SSMI, 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

0QLR.L vs. ^SSMI - Drawdown Comparison

The maximum 0QLR.L drawdown since its inception was -16.42%, smaller than the maximum ^SSMI drawdown of -31.57%. Use the drawdown chart below to compare losses from any high point for 0QLR.L and ^SSMI.

Drawdown Indicators

	0QLR.L	^SSMI	Difference
Max Drawdown Largest peak-to-trough decline	-16.42%	-31.57%	+15.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-13.28%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	-14.48%	-1.94%
Max Drawdown (5Y) Largest decline over 5 years	-16.42%	-16.66%	+0.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.58%	—
Current Drawdown Current decline from peak	-2.22%	-2.33%	+0.11%
Average Drawdown Average peak-to-trough decline	-5.15%	-6.11%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	4.59%	-0.28%

Volatility

0QLR.L vs. ^SSMI - Volatility Comparison

Novartis AG (0QLR.L) has a higher volatility of 6.40% compared to Swiss Market Index (^SSMI) at 3.69%. This indicates that 0QLR.L's price experiences larger fluctuations and is considered to be riskier than ^SSMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0QLR.L	^SSMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.40%	3.69%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	11.21%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	13.25%	+5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	14.20%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	14.79%	+2.74%

Frequently Asked Questions

Can I hold both 0QLR.L and ^SSMI in my portfolio?

0QLR.L and ^SSMI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.