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.
Key characteristics
| 0QLR.L | ^SSMI | |
|---|---|---|
| YTD Return | 17.29% | 8.02% |
| 1Y Return | 20.75% | 10.13% |
| 3Y Return (Ann) | 7.75% | -1.08% |
| 5Y Return (Ann) | 4.08% | 3.62% |
| 10Y Return (Ann) | 3.49% | 3.17% |
| Sharpe Ratio | 1.28 | 0.87 |
| Daily Std Dev | 16.32% | 11.24% |
| Max Drawdown | -48.98% | -56.31% |
| Current Drawdown | -3.13% | -7.24% |
Correlation
The correlation between 0QLR.L and ^SSMI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
0QLR.L vs. ^SSMI - Performance Comparison
In the year-to-date period, 0QLR.L achieves a 17.29% return, which is significantly higher than ^SSMI's 8.02% return. Over the past 10 years, 0QLR.L has outperformed ^SSMI with an annualized return of 3.49%, while ^SSMI has yielded a comparatively lower 3.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 -48.98%, 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 3.71% compared to Swiss Market Index (^SSMI) at 2.93%. 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.