0QLR.L vs. ^SSMI
Compare and contrast key facts about Novartis AG (0QLR.L) and Swiss Market Index (^SSMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 0QLR.L or ^SSMI.
Correlation
The correlation between 0QLR.L and ^SSMI is 0.22, 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
0QLR.L vs. ^SSMI - Performance Comparison
Key characteristics
0QLR.L:
0.12
^SSMI:
0.48
0QLR.L:
0.28
^SSMI:
0.70
0QLR.L:
1.04
^SSMI:
1.11
0QLR.L:
0.12
^SSMI:
0.44
0QLR.L:
0.34
^SSMI:
1.65
0QLR.L:
6.94%
^SSMI:
4.60%
0QLR.L:
20.55%
^SSMI:
15.77%
0QLR.L:
-19.20%
^SSMI:
-56.31%
0QLR.L:
-10.75%
^SSMI:
-8.00%
Returns By Period
In the year-to-date period, 0QLR.L achieves a 2.88% return, which is significantly lower than ^SSMI's 4.42% return.
0QLR.L
2.88%
4.55%
-3.17%
1.48%
N/A
N/A
^SSMI
4.42%
9.65%
2.25%
5.22%
4.62%
2.92%
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Risk-Adjusted Performance
0QLR.L vs. ^SSMI — Risk-Adjusted Performance Rank
0QLR.L
^SSMI
0QLR.L vs. ^SSMI - Risk-Adjusted Performance 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.
Drawdowns
0QLR.L vs. ^SSMI - Drawdown Comparison
The maximum 0QLR.L drawdown since its inception was -19.20%, smaller than the maximum ^SSMI drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for 0QLR.L and ^SSMI. For additional features, visit the drawdowns tool.
Volatility
0QLR.L vs. ^SSMI - Volatility Comparison
Novartis AG (0QLR.L) has a higher volatility of 13.61% compared to Swiss Market Index (^SSMI) at 12.18%. 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.